*Loan,banking and credit>>>insurance companies

I can't afford to pay an insurance company for damages. What can they do??

I had a dune buggy fall off a trailor I was towing and a lady ran into it. It caused quite a bit of damage to her car. My insurance company denied the claim so it wasnt covered. Now her insurance company is coming after me for the damages. It near $10,000. I am a single mom and can't afford to make any kind of monthy payment or anything ...... I have nothing!! What can they do to me for not paying??

The first thing to do is get with your agent and see if he/she can help you understand why the claim was denied. (If you did not pay your premium and your policy was canceled - not much you can do). But it can't hurt to get your agents help.

If it was a denial of liability (ie - your company said you are not legally responsible for the other ladies damage but your policy was in force) - then the ladies insurance company should fight it out with your company. Again - talk to your agent.

The other insurance company can turn you over to collections or pursue legal action against you. They can also have your drivers license suspended.

The best thing to do is to call them up and work out a payment plan. Offer to send them 50-100 per month until the debt is paid. They will set the payment plan up - interest free. As long as you send in your payments - on time - each month - they will not take any further action against you (and will reinstate your drivers license if they had it suspended). If you miss a payment or stop paying- then they will take legal action.

Another possibility (if you have money) is to offer to settle with them for a reduced amount (lump sum). If they say you owe them 10,000 - offer to pay them 5,000 in one payment or 2 payments of 2500 each. They would rather get a reduced amount as a lump sum rather than 100 a month for the entire amount. Therefore, if you can come up with a lump sum they would rather have that bird in hand now and will settle for a reduced amount

First, sue you. Until they win the lawsuit, very little.
Once they win the lawsuit, if you still do not pay, take your car or house, garnish your paycheck, or do various other things. By the way, (a) why did your insurance company deny the claim? (b) how could you afford the dune buggy and the trailer?
They will take you to court, the court will rule in there favour. If you have nothing, I sure that is not true. Every one has something, car, stereo, something. Given that there will be a judgement against you, and any future moneys you would come into, be it a job, inheritance, marriage, they will get it.
They could potentially file a judgement lien on you. It would show up in any credit report. You should consult with an attorney, most offer free consults. You might have other options, like suing your insurance carrier.
Realalisicly, they can not do anything to you except hassel you. However they can put a lein against any of your assets by getting a court judgement against you. You may find it difficult to purchase auto insurance in the future however.

You should attempt to work out some kind of payment plan if at all possible.

Hope that helps,
Dale
Send them right back to your insurance company.

Why did the Insurance company deny your claim?

Her company should just pay to fix their insured's car (provided she has collision).

Since your insurance is saying they won't cover it, it should go down in writing for her company as an Uninsured collision.
Insurance Account Rep