SpicyMikey

In Florida we have No-Fault. I notice most of the heavily popluated states use that system. It must just be easier to control (although it has it's shortcomings). With No-fault, everyone's own insurance companies pay for their own clients damage. You never call, contact, or discuss anything with anyone but your own company. In fact, my insurance card says right on it "DO NOT DISCUSS OR ADMIT GUILT TO ANYONE". The insurance companies fight it out themselves. Works for me.

TampaRLX-SH

Sounds like a Wedding Vow?

Mike_TX

Yeah, Massachsetts pretty much pioneered no-fault, and now it's used to one degree or another in the following states: DC, FL, HI, KS, KY, Mass, MI, MN, NJ, NY, ND, PA & UT. But few of them use a pure no-fault system ... most still allow claims, suits or other actions against the other party.

I guess the main objection to no-fault is the idea you're paying (or, actually, your insurance company is paying) sometimes for damages caused by other people's stupidity or negligence. "Regular" insurance, OTOH, generally pays only for your own stupidity.

Texas looked at no-fault few years back and rejected it. We have Uninsured Motorists coverage for people who hit you and don't have coverage, and you always have your Collision coverage for your own car.

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Trackruner228

iTrader: (1)

So with this no fault insurance what happens if someone from Florida hits my car?

Also good to know they are taking good care of your car.

TampaRLX-SH

That depends on whether they drove the car into you or the car was hurled at you by a hurricane. Ya hafta read the fine print.

Mike_TX

Heh. There's usually a clause in the no-fault policy that says the policy "conforms to statute", meaning if they are in a NON no-fault state and hit someone, the person they hit has the same rights as if the policy weren't no-fault.

That is, if SpicyMilkey drives up from Florida and hits you, you still make a claim against his insurance just like you would a driver from your own state.

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calvin_hobbes

Mike, i just saw your posting about damage to RL. I am sorry to see/hear that, but at the same time glad that you were okay :-)

Trackruner228

iTrader: (1)

Yeah that makes sense, thanks. I also ment to ask if my original post are you going to go after your insurance for deprected value? I know only certain states allow that and was wondering if Texas was one of them?

Mike_TX

Many thank, Calvin. I came out of it fine, but the jury's still out on my baby. For some reason, though, I have high hopes for it.

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Mike_TX

Yes, I've addressed that, since it's a leased car. The dealer tells me that if it's repaired "to Acura specs", I'll have no problem at lease return time.

Texas has honored diminished value claims in the past, and in fact I've collected it myself. What they tend to do now is just consider it part of the original claim, and if you can show later that your car is worth less because of the earlier damage, they re-open your claim and work it out. At least, that's the theory.

Not to start another leasing v. buying discussion, but IMHO that's another benefit of leasing ... repair any damage at the dealer and they have little if any basis for surcharging you. And if they try to do so in cases like mine (where I was hit by someone else), the leasing company specifies the amount of extra charges, and the leasing people and insurance people can settle it between themselves. If you're just trading it on the open market, you might never know if the car is being downgraded because of earlier damage.

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