What is the name of your state (only U.S. law)? MA
Hi all, this looks like a great community here. Hopefully someone could give me some advice on my situation. Here are the details as follows:
1. I was in an accident where the other party was found at fault and cited (ran a stop sign).. They were driving a commercial vehicle for a delivery company.
2. I was driving my company vehicle, which is one of two vehicles that create my business. We do snow plowing and snow removal for condominium complexes. The vehicle involved in the accident was rendered useless for 3 of the 4 months that we perform snow related services. This vehicle was the main vehicle (largest/strongest).
Here is where things get confusing. In my business, we don’t sell ‘snowplowing’ we sell ‘billable hours’. However, my contract price is predetermined by how much snow falls (example: if we get 5” of snow the client pays $2500, 10” costs $5500 etc.). These prices are determined by knowing how much snow each vehicle can service.
3. I filed a claim for loss of income against the other parties insurance company. I stated, “Without the use of the vehicle hit by your insured, my company was forced to fulfill our contracts using only one vehicle. This resulted in the doubling of the forecasted hours to service our contracts.”
4. This amount equates to around $20k. At first the insurance adjuster (not familiar with my industry) implied that I did in fact get paid in full for my contract price and my claim is not substantiated. Although this is true, I gave him this example:
“You currently work 40 hours per week. Your salary is $50k per year. Today your boss decided that you would now work 80 hours per week and still make $50k per year…… Did you loose money?”
They do not believe my claim is valid because most scenarios would be solved by tax documents. This situation cannot be supported by my income, as explained in the above example. They offered me $2500 to settle, which I find insulting. What can I do? Any advice?
Any help is greatly appreciated!What is the name of your state (only U.S. law)?
Hi all, this looks like a great community here. Hopefully someone could give me some advice on my situation. Here are the details as follows:
1. I was in an accident where the other party was found at fault and cited (ran a stop sign).. They were driving a commercial vehicle for a delivery company.
2. I was driving my company vehicle, which is one of two vehicles that create my business. We do snow plowing and snow removal for condominium complexes. The vehicle involved in the accident was rendered useless for 3 of the 4 months that we perform snow related services. This vehicle was the main vehicle (largest/strongest).
Here is where things get confusing. In my business, we don’t sell ‘snowplowing’ we sell ‘billable hours’. However, my contract price is predetermined by how much snow falls (example: if we get 5” of snow the client pays $2500, 10” costs $5500 etc.). These prices are determined by knowing how much snow each vehicle can service.
3. I filed a claim for loss of income against the other parties insurance company. I stated, “Without the use of the vehicle hit by your insured, my company was forced to fulfill our contracts using only one vehicle. This resulted in the doubling of the forecasted hours to service our contracts.”
4. This amount equates to around $20k. At first the insurance adjuster (not familiar with my industry) implied that I did in fact get paid in full for my contract price and my claim is not substantiated. Although this is true, I gave him this example:
“You currently work 40 hours per week. Your salary is $50k per year. Today your boss decided that you would now work 80 hours per week and still make $50k per year…… Did you loose money?”
They do not believe my claim is valid because most scenarios would be solved by tax documents. This situation cannot be supported by my income, as explained in the above example. They offered me $2500 to settle, which I find insulting. What can I do? Any advice?
Any help is greatly appreciated!What is the name of your state (only U.S. law)?
