Travelers called me this morning & they will be sending me a check for $6,847.47....there was a zero deductible.
Best Posts in Thread: Car Crash
I am an insurance agent( Not Travelers). As far as the rate-up goes, the first thing they are going to want to know is if your grandson lives with you. If he doesn’t, you might not see much of a rate up as he is not in your household, especially if the payout is sub 5k.
He very well might see a rate up on his own policy. Rate-ups tend to stick to the operator’s driving record, to keep those with bad records from jumping from company to company.
Each state has different regulations as do different companies, and the outcome may be different than what I think, but I wouldn’t worry on this just yet, especially if no one was injured.
I do have an umbrella for further protection of assets. I met with my elder law attorney who advised that my homestead and IRA are protected but not my Bradford Co. property, annunities, money market, etc. I am going to be making some adjustments in order to protect the larger of these assets.
Oh and don't think sh!t won't happen just because "it's just a quick trip to the store"....I always felt that way until 2.5 years ago when I took our company car to 7-11 to get a bag of ice for the office. The store was only quarter mile down the street and on the way back was involved in a fatal wreck when the other driver pulled across the center lane and hit me head on. They died and I sweated bullets thinking I or our company would get sued somehow by a surviving family member. Fortunately for me there were 2 witnesses and clear evidence I wasn't at fault. Sh!t happens....