How I'll be spending my early afternoon:
Apr. 23rd, 2011 11:18 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
captainsblogDespite some recent unpleasantness with insurance companies (well, one of them, at least, and in a client's case), and despite my only just having gotten around to filling out the official statement of claim to our insurer on the hit-and-run, I got the check for the full amount of their coverage of the estimated damage yesterday.
As is customary in cases where the policy shows a lienholder on the vehicle, the check was made payable to Eleanor and me and the "loss payee" on the policy. That is, it should have been written that way. Instead, these idiots made it out to the two of us and our MORTGAGE company. Because, you know, all banks take out secondary liens on their borrowers' cars, right?
Headdesk. Or in this case, headquarterpanel.
This means we need to return the check to make it properly payable. Ideally, they will not turn around and re-issue it jointly payable to the lienholder on the car, because THAT loan has been paid off for going on four years now. So long ago, in fact, that I can't find any damn paperwork to prove it. I did find the account number, though, and the bank is local, so I'm hoping I can get a paid-off letter from them this afternoon to send in with the udda thingza.
Still undecided is what to do with these funds. They would love it if we just took it to their preferred collision shop, who will do the job for exactly that price plus $250 of deductible (refunded if they ever find the moron who hit me), and who will warranty the repair for at least as long as we own the car. We could also find someone to do it for less (our mechanic knows A Guy who is supposedly very good at this); we could apply the funds to a newer car for me and/or Eleanor and keep this one in reserve until needed; or I could just drive it as is (which is what I've been doing for all of this month) and get ahead on some bills with that money until we can decide we have to or want to do one of those other things.
Thanks to insurancey incompetence, we now get at least the better part of next week to think on't.
As is customary in cases where the policy shows a lienholder on the vehicle, the check was made payable to Eleanor and me and the "loss payee" on the policy. That is, it should have been written that way. Instead, these idiots made it out to the two of us and our MORTGAGE company. Because, you know, all banks take out secondary liens on their borrowers' cars, right?
Headdesk. Or in this case, headquarterpanel.
This means we need to return the check to make it properly payable. Ideally, they will not turn around and re-issue it jointly payable to the lienholder on the car, because THAT loan has been paid off for going on four years now. So long ago, in fact, that I can't find any damn paperwork to prove it. I did find the account number, though, and the bank is local, so I'm hoping I can get a paid-off letter from them this afternoon to send in with the udda thingza.
Still undecided is what to do with these funds. They would love it if we just took it to their preferred collision shop, who will do the job for exactly that price plus $250 of deductible (refunded if they ever find the moron who hit me), and who will warranty the repair for at least as long as we own the car. We could also find someone to do it for less (our mechanic knows A Guy who is supposedly very good at this); we could apply the funds to a newer car for me and/or Eleanor and keep this one in reserve until needed; or I could just drive it as is (which is what I've been doing for all of this month) and get ahead on some bills with that money until we can decide we have to or want to do one of those other things.
Thanks to insurancey incompetence, we now get at least the better part of next week to think on't.
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no subject
Date: 2011-04-25 02:10 pm (UTC)*headdesk*
Personally, I'd go with the "new car and/or pay some bills" route...