My question involves insurance law for the state of: Oreogn
Okay, I apologize if this is difficult to follow, but please bare with me.
My husband works for a company driving big crane trucks. He carpools with his co-worker "Joe".
Well, the other morning, my husbandwent to pick up Joe. He parked the truck and forgot to set the park brake. The crane truck rolled into Joe's car, a brand new (less than a month old) Kia Sorento which Joe owes over $20,000 on. Luckily, it was just a few feet, and only the back corner panel appeared to be dented.
So, Joe and my husband go to work, speak to their superiors, file insurance claim. Mrs. Joe goes to body shop, she is assured that only the back quarter panel was dented, nothing was tweaked, frame is fine, etc. and is quoted $5,000 to fix the panel. Mrs Joe calls Mr Joe, he says it is a lot to fix just the corner panel, but whatever, insurance is covering it.
A week goes by, and today the company my husband and Joe work for calls. the insurance company is going to total the car (call it a "total loss") and cut Joe a check for $14,000. A check for $14,000, for a car he owes over $20,000, over a dented corner panel. Like I said, the car was just drove off of the floor of the showroom this month.
What is going on here? Has anyone ever heard of such a thing? They were assured the car was not damaged other than the dent, why on Earth would they "total" it? They say they are going to "write it off a s a complete loss". Is it because it is a Kia?
Joe just drove this car off of the lot this month, and put quite a bit down on it. Are we liable for the remaining balance Joe owes on the car?
Thanks in advance.