Louisiana Geico Claim Question (newbie)

[TeePee]

Oh My Word

Yes it seems about 99.999% for sure you are trying to commit insurance fraud.

*Your friend* will likely have this income reported to the IRS.

You seriously need to learn to communicate in the real world. You are (hopefully) not 16. FYI this type of posting, typing, speaking is not acceptable in the real world. Type the real words out. Stop using ghetto slang.

But heck I saw file the claim (s). Each incident will be considered a separate claim and separate deductible. Then wait about a month or so and all I have to saw after that is GOOD luck finding someone else to provide you with physical damage coverage.

 

[djs]

Actually, its not insurance fraud at all. If you suffer a covered loss, you are entitled to the coverages on the policy. This can be paid to you or a body shop, no big deal to the insurance company.

Again, if he didn't have a lienholder, the insurance company would write the check to him, no problem.

With a lienholder, the insurance company has a responsibility to make sure the repairs are done to a reasonable standard.

The fraud that is being committed is with the lienholder. The finance contract will state that the car must be maintained in good condition. If there is enough damage to warrant an insurance payout, then the car is not being properly maintained, unless the repairs are done.

If you use your friend for the work, usually the insurance company will leave it as a 2 party check, you and the lienholder, until the repairs are complete, then replace the check to the 'friend'.

This isn't the insurance adjusters first time seeing someone short on cash trying to find a way to pocket the claim money.

Dan

 

[FullAuto]

it is the main concern was legal or not to file the claim and not repair it when theres a lein holder involved. geico will only issue a 2 party check. well what if i got my friends name and my name and we just cashed it with no work intended to be done. thats my concern weither we would get in trouble for that

It's a first party coverage claim. If you make the claim, you are owed the money. So between you and the insurance company, it's not fraud as long as you didn't create the damage.

Your agreement with the lien holder is a different issue. If the car is later repoed, it's a civil matter. Both you and the shop would be sued by the lien holder if it's repoed with damage that was paid by the insurance company.

 

[yoda27]

thank yall very much!! i learned alot

teepee im not trying anything im inquiring about it. knowledge is power u know. and as for the way i type thanks for the advise about the real world i honestly had no idea. so will i b banished or something? lol but really i have been txt/typing for along time and its just wut i do and stop profiling its not a slang or ghetto (i found funny btw) its faster and it didnt affect me getting any answers from the kind people of this forum so must not be that big of a deal
ty everyone

i will not be preforming this act by the way.......as i dont want any stupid issues with the lien holder