If I submit an estimate for damage to my vehicle and my insurance company recovers the deductible...?
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Answer:
You need to double check with your insurance company because I think you may have misunderstood.
When an accident happens and you are turning in the claim to your own company, they are going to pay for everything above your deductible. YOU are going to pay the deductible to the auto body shop and after everything is paid out your insurance company will subrogate. That means that they will go after the person that hit your vehicle and recover the damages, if they can. Unfortunately, when someone is driving without insurance they usually don't have a way to pay back the company. When they get their money back, they send you a check for your deductible.
You can ask to cash settle on the claim. If you do that your company will pay you the amount of the estimate minus any tax. They are assuming you are not going to fix it and will document their files so if there is another claim they would deduct the amount from the first accident from the cost of the second accident if the damage is in the same area. If you have a loan on your car the check HAS to be made out to you and the body shop or you and the bank. If have a loan and the insurance company makes out the check directly to you and you don't have it fixed the bank can come after the insurance companies to pay the damages again.
If you do it yourself, they only cover parts, not labor. So, you won't be coming out ahead at all. I thought about doing it, too, and the insurance company wrote me a check for the parts. It makes no sense at all.
re4ceive the amount, becoz you can't believe on any one they change your car parts or may just do a little bit repairing because you can't identify original parts after reparing.
You misunderstand. the person whom hit you had liability. there is NO deductible EVER on liability. Only if YOU hit someone to fix YOUR car. (collision) Or if you are filing a comprehensive claim (like from a falling tree). It sounds like you are not.
And you can fix as little or much as you like, pocket whatever. It is you car. You are being comped for the damage, not obligated to fix your property. Only if the estimate you have is HIGHER than the Insurance estimate can they come out and check it again. You should also get loss of use (rental) of at least $21 per day.
Well since the other person had no insurance and your insurance company covers the deductable that leaves you to pay the rest.. no one else can. the other person has no insurance company to pay it. That person should goto jail. it should be illegal to drive with no insurance, too many americans do that!! In other countries like Germany, if you want to buy a car, you put insurance on it, register it then take it through inspection, if it passes than the seller can sell it to you. If the car fails, the seller isnt allowed to sell it.
Only your insurance company can answer that question, so ask them.
It seems logical though, that since your insurance company is out the money for the repairs, you wouldn't get your deductible back until they were made whole for their outlay of cash first, and once the entire amount was paid, any excess out of your pocket would be returned to you. (That's assuming of course you have already given them the deductible amount).
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