Well she's a total loss as I expected...
Received a letter in the mail from my ins. co. with the bad news on Friday...

Now my question(s) are/is:

* Now I was told and made aware by the adjuster about the power of attorney form that they would be sending and needing me to sign and return ASAP to get the ball rolling on this deal, but as time has passed and I actually see the form I'm having a few concerns about just simply signing and returning...

- Basically I guess what I'm wondering is will I get screwed by just signing and returning this form and possibly NOT be entitled to all I could be?

- I assume this is standard ins. co. procedure on how they deal with things like this?

- Should I get in touch with a lawyer of some sort, or if they get involved will it drrrrraaag the process out forever as usual?

- I've been with my ins. co. (Erie Insurance) for a looooong time now and never had a single claim before... Am I just wishful thinking in hoping they would handle everything correctly and not stick it to me too bad if I just sign and return?

I understand that an ins. co. is still just a business and most always will cover theirselves first and may not have my (the customers) best interest at heart... Just looking for advice or suggestions on how to handle this situation and hopefully NOT get tossed under the train...

Thanks!

 

I've never had to deal with this, myself, so I'm not sure what to say. It probably wouldn't hurt to get yourself a lawyer to at least advise you before continuing. But who knows, they're out for your money too, remember.

The main reason I'm contributing is that my folks have had Erie insurance for their homeowners' policy and loved them. They had a pretty bad house fire about 11 years ago, up in the Pittsburgh area, and Erie was incredible with the turnaround and the way they handled repairing and replacing things. So, hopefully you'll have similar luck with them on the auto side.

Good luck.

 

Brandon, give Matt a call... he used to sell insurance, he can probably help. Sorry for the loss.

 

Brandon, You have a PM.

 

Brandon, dude...you are doing a great thing asking for advice on this...I won't ever trust another insurance company...for years I had Travelers and never filed a claim and when I did...it was like pulling TEETH to get anything accomplished. I am done with them as soon as my policy comes up for renewal.

NEVER TRUST THE INSURANCE COMPANY!!! They have NO INTEREST or CONCERN FOR YOU!!! They are only out to make their wallets thicker. Best of luck...

 

Sign a power of attorney, and you just let the ins co do whatever they want and you have no further say in the matter. At that point, they can make decisions for you, even if you would have never agreed to it had they asked you.

I would strongly recommend that you tell them you would rather handle all decitions yourself.

Good luck, you're going to need it.

 

I'd NEVER give an insurance company power of attorney.

 

[QUOTE=S2k Awe,Apr 8 2007, 03:03 PM] Sign a power of attorney, and you just let the ins co do whatever they want and you have no further say in the matter.

 

do you have a figure for how much you are getting back? when i totaled my camaro last summer i just asked how much i would be reimbursed, they told what the value was and from there it was straight forward. i think the POA would be for the title of the car since they would need that to pay out.

 

They need POA to deal with the loan company, about the payoff and various other things. As far as the value of the car goes, you do have some negotiating power there. Give me a call and I can help you with the process, since I have seen it many, many times!