Why Should I Buy Collision Damage Coverage?

philFrankelFrom the Desk of Phil Franckel

Collision damage coverage insures your motorcycle or car for the cost to repair your vehicle or replace it if it is totaled.  When you have collision coverage your own insurance company will pay for repairs to your motorcycle or car regardless of who is at fault for the accident. Many people who don’t have collision coverage are seeking to save the cost of the premium because their vehicle is not valuable enough to insure or because they don’t think they will be at fault for causing an accident and the other car’s insurance will pay.If you have more than one motorcycle or can do without your motorcycle for a long time while fighting with the other driver’s insurance company and you can afford the loss in the event they don’t want to pay you, it could make sense to eliminate collision coverage and “self-insure” yourself.

The problem most people encounter after an accident is that the other driver’s insurance company claims it’s your fault and offers little to nothing thus leaving you with a damaged, unusable or worthless motorcycle or car.  This often happens often even when it’s obviously 100% the fault of the other driver!

We just obtained 100% of the damage to a totaled motorcycle after two years where the insurance company claims representative for the other driver thought the accident was 70% the fault of our client.  It took two years to get the insurance company to understand why it was 100% the fault of their driver.  We also had another recent case where the insurance company claims representative thought they had no liability and we were awarded 80% liability.

If you’re not hit in the rear, the insurance company claims representative for the other driver will likely argue that you’re partly or mostly at fault and you will be without a motorcycle or car until your lawyer can convince them.

When you’re covered by your own collision insurance, you will be paid the cost of repairs or the total damage plus sales tax, less a deductible within days of your accident even if the accident is your fault.  If the accident is the fault of their driver, your insurance company can seek to recover the deductible from the other insurance company and reimburse you.

If you have rental car coverage, your insurance company will pay for a rental car while your vehicle is being repaired or while you find a replacement if yours was totaled. If you don’t have rental car coverage when your car is damaged, the other insurance company will probably not pay for a rental car and you will be without transportation.

We recommend buying collision damage insurance and rental car coverage which will eliminate a lot of problems in the event you are in an accident.

If you have a question you would like to submit, please send your question to FullThrottle@1800HURT911.com

Philip L. Frankel Esq. and Rob Plevy, Esq. are attorneys with FRANCKEL & PLEVY, LLP representing people hurt in motorcycle and other accidents.  Disclaimer: This article should be considered advertising for accident clients; is for informational purposes and should not be relied upon because it could contain errors; the correct information may be different for your set of facts even though they seem similar; and is not legal advice which should only be obtained by contacting Phil Franckel, Esq. or Rob Plevy, Esq. for a free consultation to discuss your specific circumstances at 1-800-HURT-911.

Our web sites are NYSeriousInjuryAttorneys.com, NYMotorcycleAttorneys.com and LIMotorcycleAttorneys.com.  If you have been hurt in a motorcycle accident, speak directly to Phil Franckel 24/7 at 1-800-HURT-911 — 1-800-487-8911.