Car hit my building

[katstevens]

What is the name of your state?What is the name of your state? California

I own an auto repair shop and a woman drove through the front wall of the building, through the shop taking out the main suppport beam and slammed into a truck that was parked along side the back wall of the shop. Needless to say, there is alot of damage, both to the building and my property that was in the shop and now I'm temporarily out of business until the repairs are completed or I move to another location.

Here is my question:

1) This just happened the other day so I haven't found out how much her insurance policy is for, but suppose her policy limit doesn't cover all of the property damages and lost income. Someone was telling me that if she owns a home that we could get her homeowner's insurance to cover the rest. Is this true?

 

[InsuranceLadyAZ]

What is the name of your state?What is the name of your state? California

I own an auto repair shop and a woman drove through the front wall of the building, through the shop taking out the main suppport beam and slammed into a truck that was parked along side the back wall of the shop. Needless to say, there is alot of damage, both to the building and my property that was in the shop and now I'm temporarily out of business until the repairs are completed or I move to another location.

Here is my question:

1) This just happened the other day so I haven't found out how much her insurance policy is for, but suppose her policy limit doesn't cover all of the property damages and lost income. Someone was telling me that if she owns a home that we could get her homeowner's insurance to cover the rest. Is this true?

If her policy limits aren't adequate to cover her damages, then you go through your business insurance for the rest - including business income, assuming you have that coverage, for the income you lose while out of business. Your insurer will then subrogate your claim to recoup what they pay. The liability portion of her homeowners is for claims that occur on her property, not in her vehicle. If you've not already done so, check to see if she has a personal umbrella over her home and auto policies as that will provide higher limits.

 

[JETX]

Someone was telling me that if she owns a home that we could get her homeowner's insurance to cover the rest. Is this true?

No. Her homeowner insurance will not cover this type of accident. Where is YOUR insurance??

 

[You Are Guilty]

If her homeowner's won't cover it, why would the existence of a HO umbrella matter?

And I'll bet you a shiny new nickel that the underinsured motorist doesn't have an auto umbrella policy, either

 

[InsuranceLadyAZ]

If her homeowner's won't cover it, why would the existence of a HO umbrella matter?

And I'll bet you a shiny new nickel that the underinsured motorist doesn't have an auto umbrella policy, either

It wouldn't be an HO umbrella, it would be a personal umbrella that goes over the HO and the auto policy.

 

[InsuranceLadyAZ]

By the way, the OP doesn't know yet that the other driver is underinsured. Although, I wouldn't bet even a penny that she isn't.

 

[You Are Guilty]

By the way, the OP doesn't know yet that the other driver is underinsured. Although, I wouldn't bet even a penny that she isn't.

My crystal balls tell me that you are correct!

Funny how the people who tend to have adequate coverage are the ones who don't drive through people's buildings, no?