calico1597
Recycles dryer sheets
I posted earlier about an accident in our home last month. (My Truck Is In My Kitchen) Short story, a vehicle left the road, rammed into our garage, struck DH truck, launching the truck 35 feet into our house, taking out the kitchen and laundry room. Our home insurance is repairing our house.
We are snowbirds and reduce the collision on our vehicles when we are gone for the winter. DH had come back for a funeral, the damaged truck did not have collision. Our auto insurance will not pay because of reduced coverage. The car that caused the accident only has $20K coverage, but they will not pay out until our home repairs are complete and a release is signed. Our truck is totaled, value around $20K.
I'm concerned the $20K from the other insurance will go toward home repairs and will not be given to us for the truck. Our agent is the one who suggested dropping the collision coverage while the vehicle is not used over the winter. He tells us not to worry, that he has error and omission insurance and we'll get paid for the truck eventually. He admits he gave us incorrect advise to reduce the coverage. At the time, he said the truck would be covered for any loss that could occur while sitting in storage.
We are not feeling secure about all of this. Should we wait it out and see if the other insurance pays the $20K to us? And if they don't, wait to see if the agent's O&E policy pays out? Do we have to sue him in order to collect from O&E?
We are snowbirds and reduce the collision on our vehicles when we are gone for the winter. DH had come back for a funeral, the damaged truck did not have collision. Our auto insurance will not pay because of reduced coverage. The car that caused the accident only has $20K coverage, but they will not pay out until our home repairs are complete and a release is signed. Our truck is totaled, value around $20K.
I'm concerned the $20K from the other insurance will go toward home repairs and will not be given to us for the truck. Our agent is the one who suggested dropping the collision coverage while the vehicle is not used over the winter. He tells us not to worry, that he has error and omission insurance and we'll get paid for the truck eventually. He admits he gave us incorrect advise to reduce the coverage. At the time, he said the truck would be covered for any loss that could occur while sitting in storage.
We are not feeling secure about all of this. Should we wait it out and see if the other insurance pays the $20K to us? And if they don't, wait to see if the agent's O&E policy pays out? Do we have to sue him in order to collect from O&E?
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