Location: God's own country
Posted on: 11-10-06 09:40:18
Quote:
Originally posted by pksatpathy
Originally posted by tamilkuravan
For 2 or 3 jobs that i did for cash, I was paid this way.
TK A
TK,
BTW, what do you mean by this? Were you using this technique to rip off money from the ignorant driversor ???
PKS,
First of all , Congrats ! for having settled the case so amicably. It could have run into a grand!
What i meant was, I did some drafting jobs for a realtor 2 or 3 times and he paid me some cash per hour. Once i did a job and i was due for money, he made me sign a paper with details before giving me the money. So that kind of documentation is perfectly legal. That is what i was trying to convey. Only thing different was in my case, the realotor always made a witness sign the document too. One of tmy family member put the witness sign. each time
TK A
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I am a Gents and not a Ladies.
PKS
Consider this scenario:
1. The goes ahead and puts in a claim for insurance. His insurance company informs your company and they call you. Can you tell them you have already settled? If yes, what if the claim is for say $5000??? The other guy's company will have to pay because the contract is between him and that company, and you are not a party to it. However, your company will not entertain the claim since once you settle anything, insurance company has no liability.
However just let me tell you that in Ontario, each company settles its own claim and they do not get reimbursed from other company whose client is at fault, unless the claim is for a higher amount than insured. But in this case, your company will say that they are not a party to settlement, and in that case the other insurance company can always make a reimbursement claim on you as an individual.
2. The guy after say 6 months is advised by someone to make a claim for health reasons - in that case the claim can be an exorbitant amount. And again, you can be personally liable for it.
What TK has written is something entirely different. It is a payment for services rendered which can be paid in cash or by cheque. TK took cash to conceal his income, but the guy who paid it can legally write it off as expense as he has a receipt signed by TK. This is not entirely a cash deal - a cash deal is one which has no record of any kind.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
If I remember correctly, the Police complaint has to be filed within 24 hrs of the accident. Check on that.
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SS
Reiki Grand Master
Police complaint is only required in case of loss above $1K. If the loss is under that the person can simply inform their insurance company about the loss
Quote:
Originally posted by ibcd2005
Your accident is unlikely to result in an immediate increase because:
1. The next assessment will be before the next policy renewal
2. There needs to be a police report of the incident before claims are accepted.
Be careful, this guy may just be fooling you.
well
just what the guy is saying u...is correct
somthing similar happend with me also when someone hit me
try calling the police..like i did..they say..unless someone is hurt and the car is in seroius condition that it cannot be driven...they wont come..
then u have to go to collsion centre to get a sticker so that u have a proof..but mind u..the collsion centre send over the info to ur insurance..
so just like i did..take the money or in ur case..giv the money and be saved from hassles..
1.giv a check.
Quote:
Originally posted by pksatpathy
TK,
The deal stands closed today as I paid $100 and got his signature on the paper with all the details you have mentioned and closing it with the statement that "hereby this confirms that either party has no due for any claims from the insurance nor reporting to police for this case".However no witness signature was there.......
I have to say you got off easy. Usually, the "insurance way" to settle this would definately have cost must more. Cause for celebration ideed, go splurge!
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Are you there?
Location: God's own country
Posted on: 19-10-06 10:09:14
Hello CD's,
I was involved at an at fault accident today. I was in a hurry to come to office (was running late). At Islington and Eglinton, there was a jam and i tried to move to the right lane and i scratced the plastic bumper of a desi in a pontiac van. The damage to him was minor, just a slight scratch on his plastic bumper. Whereas to my Toyota Corrolla, the side light was broken and my bumper sunk inside.
We decided to settle for money. The desi is fairly new to Canada and said that he does not know the rules very much. A policeman came and said that since the damage was less than $1K, we have to settle it off the road.
$50- $100 would be a fair compensation to the scratch. But if he asks for full replacement of the bumper then maybe the cost would run to a grand.
Will keep the CD's informed about what happened.
TK A
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I am a Gents and not a Ladies.
