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Path: cantaloupe.srv.cs.cmu.edu!das-news.harvard.edu!noc.near.net!howland.reston.ans.net!usc!cs.utexas.edu!newsFrom: mcguire@cs.utexas.edu (Tommy Marcus McGuire)Newsgroups: rec.motorcyclesSubject: Re: Should liability insurance be required?Date: 15 Apr 1993 15:03:21 -0500Organization: CS Dept, University of Texas at AustinLines: 42Distribution: usaMessage-ID: <lsrfs9INN9v0@cash.cs.utexas.edu>References: <1993Apr14.125209.21247@walter.bellcore.com> <tcora-140493155620@b329-gator-3.pica.army.mil> <1993Apr15.153312.4125@research.nj.nec.com>NNTP-Posting-Host: cash.cs.utexas.eduIn article <1993Apr15.153312.4125@research.nj.nec.com> behanna@syl.nj.nec.com (Chris BeHanna) writes:>In article <tcora-140493155620@b329-gator-3.pica.army.mil> tcora@pica.army.mil (Tom Coradeschi) writes:>>In article <1993Apr14.125209.21247@walter.bellcore.com>,[...]>>BZZZT! If it is the other driver's fault, your insurance co pays you, less>>deductible, then recoups the total cost from the other guy/gal's company>>(there's a fancy word for it, which escapes me right now), and pays you the>>deductible. Or: you can go to the other guy/gal's company right off - just>>takes longer to get your cash (as opposed to State Farm, who cut me a check>>today, on the spot, for the damage to my wife's cage).>> The word is "subrogation." Seems to me, if you're willing to wait>for the money from scumbag's insurance, that you save having to pay the>deductible. However, if scumbag's insurance is Scum insurance, then you may>have to pay the deductible to get your insurance co.'s pack of rabid, large->fanged lawyers to recover the damages from Scum insurance's lawyers.>> Sad, but true. Call it job security for lawyers.>>Later,>-- >Chris BeHanna DoD# 114 1983 H-D FXWG Wide Glide - Jubilee's Red Lady[...]You know, it sounds suspiciously like no fault doesn't even do what itwas advertised as doing---getting the lawyers out of the loop.Sigh. Another naive illusion down the toilet....-----Tommy McGuiremcguire@cs.utexas.edumcguire@austin.ibm.com"...I will append an appropriate disclaimer to outgoing public information,identifying it as personal and as independent of IBM...."
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