What are my options and how should I handle this?

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cultus_polemos

Joined: 10 Nov 2009
cultus_polemos's page
Posts: 1

22 Magic Points

Subject: What are my options and how should I handle this?

Tue Nov 10, 2009 2:58 pm

I was invovled in an automobile accident without insurance (I had just purchased the vehicle). Now I'm being sued by the insurance company for a large sum that I do not have. I am a student.

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 605

89 Magic Points

Tue Nov 10, 2009 4:55 pm

Not sure how they will handle this. They may collect on it after you get a job. But if you are sued and they win the case you will have to pay. They may even hold your parents responsible if you are a minor. Was the accident your fault. I believe I would contact an attorney and see what he advises you to do. What I have posted I have just heard from other people. So it is just talk not the law. So I don't mean to scare you. Calling an attorney he will know how to handle it.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4500

8812 Magic Points

Tue Nov 10, 2009 11:36 pm

cultus_polemos, I can not understand how their would have not been insurance on the vehicle. Most states and lenders make sure there is insurance before the vehicle even leaves their lot. I just recently purchased one and that was the first thing I was asked for.
Now if somehow you did not have insurance then I am afraid you will be responsible for paying the entire amount. They may agree to payment arrangements or possibly settle the debt for less. Usually the only way they will settle for less is if you have the cash in full.

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