Sold Car After Inspection/before Getting Paid by Geico..now They Wont Pay.

[seanmcn]

So someone hit my car a while back, I finally got the inspection for the damages and they were going to pay me $750 approx. Except I was planning on buying a new car anyhow and the dealer was basically giving me what I wanted for my trade-in even with the damage so i took it. So I traded the car in and expected to still get the check from Geico. They seem to be implying now that they will not pay since I no longer own the car, but someone still damaged my property and I properly would have gotten a little more money from the dealer had it been in pristine condition.

Is this legal of Geico (or any Florida Insurer) to not pay for this reason?

All help making a thoughtful argument back to Geico would be appreciated.

 

[PhilL]

Best to contact Florida Office of Insurance Regulation -
Pose your question to them. Office of Insurance Regulation

So someone hit my car a while back, I finally got the inspection for the damages and they were going to pay me $750 approx. Except I was planning on buying a new car anyhow and the dealer was basically giving me what I wanted for my trade-in even with the damage so i took it. So I traded the car in and expected to still get the check from Geico. They seem to be implying now that they will not pay since I no longer own the car, but someone still damaged my property and I properly would have gotten a little more money from the dealer had it been in pristine condition.

Is this legal of Geico (or any Florida Insurer) to not pay for this reason?

All help making a thoughtful argument back to Geico would be appreciated.

 

[moonlightandmargaritas]

Best to contact Florida Office of Insurance Regulation - Pose your question to them.

Great advice - as long as you don't mind waiting 9-12 months for an answer...

 

[FullAuto]

Sounds like BS to me. If you still owned the car on the date of loss, they owe you. I've gone to dealerships to track down cars that were traded in for collision claims and hail damage. Sometimes the car was already sold and we tracked down the new owner to inspect the car.

 

[PhilL]

I have had good experience with them by email. Haven't gone the phone route.
Got my last response in less than three working days. Not too bad.
Depends on the nature of the question, I suppose.
Potential complaints, like this one could be...will usually get fairly prompt attention.

Great advice - as long as you don't mind waiting 9-12 months for an answer...

 

[Josh]

I have had good experience with them by email. Haven't gone the phone route.
Got my last response in less than three working days. Not too bad.
Depends on the nature of the question, I suppose.
Potential complaints, like this one could be...will usually get fairly prompt attention.

You may want to consider what FullAuto said, he's actually an adjuster.

 

[Accelerated]

Sounds like BS to me. If you still owned the car on the date of loss, they owe you. I've gone to dealerships to track down cars that were traded in for collision claims and hail damage. Sometimes the car was already sold and we tracked down the new owner to inspect the car.

FullAuto is correct, and if he is an independent adjuster, he should send me a resume

 

[FullAuto]

FullAuto is correct, and if he is an independent adjuster, he should send me a resume

Not independent. I work for a large company... in Oklahoma. So thanks to all the tornados and hail storms, I'm on unlimited overtime.

 

[PhilL]

Thanks for your service! Seriously...

Not independent. I work for a large company... in Oklahoma. So thanks to all the tornados and hail storms, I'm on unlimited overtime.

 

[Milkman1265]

since off topic -
is adjuster more fun than an agent? i think adjuster has business automatically and agent has too look for business