What to do with the Insurance check???
08-05-2008, 02:48 PM
#21
4th Gear Member
Join Date: Aug 2006
Location: TX
Posts: 1,007
RE: What to do with $700
Your kidding right? excepting insurance money for repairing damage to your car and just pocket the money or spend it on something else? what is the world coming to Go Obama lol. Now spending it on a gt500 bumper would be ok. but thats not $700 of damage either.
ORIGINAL: HoorayBeer
how is pocketing the money fraud?
how is pocketing the money fraud?
08-05-2008, 02:54 PM
#22
3rd Gear Member
Thread Starter
Join Date: Feb 2006
Location: New York, New York
Posts: 884
RE: What to do with $700
ORIGINAL: schapman
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
I'm taking the hit because my car is not worth as much. Oh and yes, I'm an attorney and here's what the legal definition of fraud is:
"Knowingly misrepresenting a material fact with the intent to deceive and the other party having justifiably relied upon such misrepresentation, and experienced pecuniary loss."
I'm not misrepresenting anything to the Insurance company. I told them the facts, just as she (the driver) told the officer the facts. I was parked, she hit me. Now it requires $739 to fix it.
08-05-2008, 03:03 PM
#25
3rd Gear Member
Thread Starter
Join Date: Feb 2006
Location: New York, New York
Posts: 884
RE: What to do with $700
lol...but how can it be fraud??? If I were to try and sell my car today, its worth less than a GT without scratches on it. Using the money from the insurance company to get it back to the value it was at before the accident is up to me.
@ Schapman...why is it ok to buy a GT500 fascia with that money and not buy an aluminum DS? Either way, I'm not using it to restore the car to the condition before the accident.
@ Schapman...why is it ok to buy a GT500 fascia with that money and not buy an aluminum DS? Either way, I'm not using it to restore the car to the condition before the accident.
08-05-2008, 03:31 PM
#26
2nd Gear Member
Join Date: Oct 2007
Location: Indiana
Posts: 291
RE: What to do with $700
ORIGINAL: jay0heavenly
LYING to obtain insurance money is fraud. I've been 100% honest the entire way through. The insurance company pays me for the Negligent damage done to my property. I can use the money to buy canned tuna if I want. Why? Because my car has decreased $739 in value, because per the estimate, that is what it will cost to be fixed.
I'm taking the hit because my car is not worth as much. Oh and yes, I'm an attorney and here's what the legal definition of fraud is:
"Knowingly misrepresenting a material fact with the intent to deceive and the other party having justifiably relied upon such misrepresentation, and experienced pecuniary loss."
I'm not misrepresenting anything to the Insurance company. I told them the facts, just as she (the driver) told the officer the facts. I was parked, she hit me. Now it requires $739 to fix it.
ORIGINAL: schapman
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
I'm taking the hit because my car is not worth as much. Oh and yes, I'm an attorney and here's what the legal definition of fraud is:
"Knowingly misrepresenting a material fact with the intent to deceive and the other party having justifiably relied upon such misrepresentation, and experienced pecuniary loss."
I'm not misrepresenting anything to the Insurance company. I told them the facts, just as she (the driver) told the officer the facts. I was parked, she hit me. Now it requires $739 to fix it.
08-05-2008, 03:41 PM
#27
4th Gear Member
Join Date: Aug 2006
Location: TX
Posts: 1,007
RE: What to do with $700
What? Your front fascia was damaged and the insurance is giving you money to repair the damage.
Isnt purchasing the GT500 fascia repairing the damage? you will have to add personal money since it going to cost more though.
Ok...if what you suggest isnt fraud. Then if the estimate is $700 to repair the damage and you get it fixed at a different shop that charges you $350. Its Ok to keep the money? NO, the insurance company is only responsible for the cost of the repair not the estimate.
Isnt purchasing the GT500 fascia repairing the damage? you will have to add personal money since it going to cost more though.
Ok...if what you suggest isnt fraud. Then if the estimate is $700 to repair the damage and you get it fixed at a different shop that charges you $350. Its Ok to keep the money? NO, the insurance company is only responsible for the cost of the repair not the estimate.
ORIGINAL: jay0heavenly
lol...but how can it be fraud??? If I were to try and sell my car today, its worth less than a GT without scratches on it. Using the money from the insurance company to get it back to the value it was at before the accident is up to me.
@ Schapman...why is it ok to buy a GT500 fascia with that money and not buy an aluminum DS? Either way, I'm not using it to restore the car to the condition before the accident.
lol...but how can it be fraud??? If I were to try and sell my car today, its worth less than a GT without scratches on it. Using the money from the insurance company to get it back to the value it was at before the accident is up to me.
@ Schapman...why is it ok to buy a GT500 fascia with that money and not buy an aluminum DS? Either way, I'm not using it to restore the car to the condition before the accident.
08-05-2008, 03:42 PM
#28
5th Gear Member
Join Date: Jun 2008
Location: Brandon, Florida
Posts: 2,616
RE: What to do with $700
Ah.......a GT500 front end conversion is not cheep by any means and you have to replace your "entire" front end. The "only" thing you get to reuse from your GT front end is some bolts and your turn signals and the brackit that is used to mount the turn signals.
08-05-2008, 06:09 PM
#29
3rd Gear Member
Join Date: Mar 2008
Location:
Posts: 518
RE: What to do with $700
ORIGINAL: jay0heavenly
LYING to obtain insurance money is fraud. I've been 100% honest the entire way through. The insurance company pays me for the Negligent damage done to my property. I can use the money to buy canned tuna if I want. Why? Because my car has decreased $739 in value, because per the estimate, that is what it will cost to be fixed.
I'm taking the hit because my car is not worth as much. Oh and yes, I'm an attorney and here's what the legal definition of fraud is:
"Knowingly misrepresenting a material fact with the intent to deceive and the other party having justifiably relied upon such misrepresentation, and experienced pecuniary loss."
I'm not misrepresenting anything to the Insurance company. I told them the facts, just as she (the driver) told the officer the facts. I was parked, she hit me. Now it requires $739 to fix it.
ORIGINAL: schapman
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
Well since pocketing the money is "insurance fraud". the option you have is get it fixed.
Im amazed at how many people try and commit fraud these days.
Arent you a Lawyer????
I'm taking the hit because my car is not worth as much. Oh and yes, I'm an attorney and here's what the legal definition of fraud is:
"Knowingly misrepresenting a material fact with the intent to deceive and the other party having justifiably relied upon such misrepresentation, and experienced pecuniary loss."
I'm not misrepresenting anything to the Insurance company. I told them the facts, just as she (the driver) told the officer the facts. I was parked, she hit me. Now it requires $739 to fix it.
08-05-2008, 06:41 PM
#30
4th Gear Member
Join Date: Oct 2007
Location: Kaiserslautern, Germany
Posts: 1,418
RE: What to do with $700
shoot if I had a 1000 dollar estimate I know I would place the nice green bills in my pocket... smart people become rich... goodie too shoes get their *** kicked all their life...