A friend of a friend had their car deemed "totaled" by Travelers and although the damage was cosmetic, it was in the insurance company's best interest to "total" the car and pay out the small amount of money it was "worth" rather than to have it fixed.
I feel for this family. My car is only "worth" $1000, and I'd be devastated if this were done to me.
They're only looking for 50 signatures! Let's surprise them with how strong G+ people respond!
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Under-compensation from auto insurance agencies; it's always what's best for them.
I just signed a petition to Jay S Fishman, CEO of Travelers Insurance, The New York State House, The New York State Senate, Governor Andrew Cuomo, The United States House of Representatives, The Unite…
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I thought you were being a racist. If you say here that you had a car totalled by travellers, people would think that gypsies smashed the car up.
Done!
Hah! Oz! (Definitely not, hehe!)
I know of this difference in terminology – I did some work for Travelers in the past and learned they changed their business name for the UK for that precise reason!
Thanks so much, +Jason Kirk! You rock!
Oop, just realized their "note" section has truncated my message on the petition. Oh well!
Done
Why would any insurance company pay more than a car is worth?
Thanks +Chris Polli!
This is about wrongfully "totalling" a car on paper because it is cheaper for them to do so, +Karen Lewis. If a car only has superficial damage, it shouldn't be totaled.
(…it should be fixed.)
All pretty standard stuff I'm afraid. The sad fact is that people's cars are always worth more to them than the market value and insurance companies work on commercial value rather than sentiment. If people want to get more for their cars than they're worth, then insurance premiums for everyone would need to increase to cover that.
If they've lost out, they can sue the other party for any losses, providing they have evidence of that loss.
Signed. Hope it helps.
Thanks so much +Chris Veerabadran!
You've got it, +Jean Egan.
Thanks +Zed Zordaan and +Nicole Angell!
Nice to meet your acquaintance today, Nicole