From: behanna@syl.nj.nec.com (Chris BeHanna) Subject: Re: Should liability insurance be required? Organization: NEC Systems Laboratory, Inc. Distribution: usa Lines: 32 In article tcora@pica.army.mil (Tom Coradeschi) writes: >In article <1993Apr14.125209.21247@walter.bellcore.com>, >fist@iscp.bellcore.com (Richard Pierson) wrote: >> >> Lets get this "No Fault" stuff straight, I lived in NJ >> when NF started, my rates went up, ALOT. Moved to PA >> and my rates went down ALOT, the NF came to PA and it >> was a different story. If you are sitting in a parking >> lot having lunch or whatever and someone wacks you guess >> whose insurance pays for it ? give up ? YOURS. > >BZZZT! If it is the other driver's fault, your insurance co pays you, less >deductible, then recoups the total cost from the other guy/gal's company >(there's a fancy word for it, which escapes me right now), and pays you the >deductible. Or: you can go to the other guy/gal's company right off - just >takes longer to get your cash (as opposed to State Farm, who cut me a check >today, on the spot, for the damage to my wife's cage). The word is "subrogation." Seems to me, if you're willing to wait for the money from scumbag's insurance, that you save having to pay the deductible. However, if scumbag's insurance is Scum insurance, then you may have to pay the deductible to get your insurance co.'s pack of rabid, large- fanged lawyers to recover the damages from Scum insurance's lawyers. Sad, but true. Call it job security for lawyers. Later, -- Chris BeHanna DoD# 114 1983 H-D FXWG Wide Glide - Jubilee's Red Lady behanna@syl.nj.nec.com 1975 CB360T - Baby Bike Disclaimer: Now why would NEC 1991 ZX-11 - needs a name agree with any of this anyway? I was raised by a pack of wild corn dogs.