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What kind of math do you do about when it is worth getting your auto insurance involved for damage to just your vehicle? For instance, if it was $600 and you have $500 deductible, it would be crazy to have them pay that $100 at the expense of possible premium increases for at least three years, especially for a youthful driver. But where do you stop? $1000? $1500?
As a complication, in NJ there is a law limiting a government body to paying ONLY your insurance deductible if your car has been damaged due to negligence on their part (which of course they will deny anyway). The law is N.J.S.A. 59:4-8. So in a case of parking lot damage due to rebar sticking up, their insurance company sent a form where I would have to enter my insurance info. So if I don't submit an insurance claim, I am assuming they won't reimburse me for the deductible I would have paid had I done so. And I'm afraid if I enter the info, they may contact my insurance company in which case my rates could be raised even if I go no benefit.
So as usual, it sounds like I am pretty screwed, being out of pocket the whole amount of damage. Is there anything I can do here?
As a complication, in NJ there is a law limiting a government body to paying ONLY your insurance deductible if your car has been damaged due to negligence on their part (which of course they will deny anyway). The law is N.J.S.A. 59:4-8. So in a case of parking lot damage due to rebar sticking up, their insurance company sent a form where I would have to enter my insurance info. So if I don't submit an insurance claim, I am assuming they won't reimburse me for the deductible I would have paid had I done so. And I'm afraid if I enter the info, they may contact my insurance company in which case my rates could be raised even if I go no benefit.
So as usual, it sounds like I am pretty screwed, being out of pocket the whole amount of damage. Is there anything I can do here?
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