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Old 08-31-2007, 11:33 AM   #1
gtstwincam
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Insurance claims information- fr: Adjuster

Do not leave your car sitting at a tow yard. The tow yard can liensale your vehicle and you can incur high storage charges. If not paid, you can get turned into collections.

Dont assume the insurance company is responsible for the storage. You have a duty to notify them where the car is so that they can at least make an attempt to recover it for you.

If the claim is under investigation to determine at fault, you need to get it out of a tow yard. Dont just let it sit there while the insurance is deciding at fault.

If they determine its your fault, you are screwed!

If they determine it is their insured's fault and if you have a $1000 storage bill and the car is still at the tow yard, the insurance co will pay for your car and "reasonable storage".

The car will be left at the yard and any excess is your responsibility.

Also, they will deduct addtl from your settlement. This is like you buying back your car because the insurance company was not allowed to recover it from the tow yard due to excessive storage charges.

Thus, you are forced to keep your own car and deal with the tow yard for the rest of the storage.

Just remember to have the car towed back home or to a storage free facility.

Last edited by gtstwincam; 05-12-2010 at 10:29 PM.. Reason: revised
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