Changing Companies during "subrogation"?

[DaveyD248]

What is the name of your state? NY

A few months ago my car was hit by a snowplow while parked outside. My insurance company got me a check (minus my $500 deductible) for the damage, and i've had my insurance comapny handling (or supposedly handling) getting the deductible back from the Village whose snowplow hit me.

My car is now repaired, the check from my company in the hands of the garage.

I am considering switching to a more affordable insurance company, but recently received a letter that said that my current company is in the midst of "subrogation" to get that $500 deductible - or a portion of it - back from the village, and that this could take months.

If I switch insurance companies, will the company i currently have cease all attempts on getting back that deductible. Or if they do get it back, are they no longer obligated to give me a cut of it because I've cancelled my policy with them?

I'm looking to find otu before I switch.

Thank you for any help.

[ecmst12]

Any accidents which occurred while you were covered with your current insurance company are their responsibility. I can't imagine that they'd stop wanting to get their money back (because they're subrogating what they paid as well as your deductible) just because you're no longer a customer.

[judge425]

Once they have paid you, the right to pursue a third party becomes the insurance company's. They may elect to seek full reimbursement by asserting their right of subrogation or they may not. Since you did not receive your deductable, should the carrier choose not to prosecute, you are still within your right to bring suit against the village for your deductable. This is only if your carrier elects not to pursue..otherwise you will be double dipping which is a definite no no.. i believe you may need a revocation of the assignment on the subro claim..but dont quote me on that.... piece of advice though.. be happy you carry collision and call it a day..

[moburkes]

Changing insurance companies is completely separate from their right to subrogate. You are able to do it without any penalties whatsoever (in regards to subrogation). You may, though, have a penalty for early termination of your policy.