learning alot from Nana today..
Nana, ask u something:
i think Pink's insurance company is willing to pay the $2k. ie. they are not asking Pink to settle privately. but if ins co. pay this 2k, then future premium will be affected (as u explained, increase in loading).
so my question is: if Pink insist she didn't have accident and insist that the other party is fraud.. then what can the insurance co do? can the insurance co still pay $2k to the other party, and subsequently Pink's insurance premium get increased?
Or, the ins co go engage lawyer n surveyor and fight the taxi driver's claim? If lose the case, then the ins co must bear legal fees, plus pay the $2k. then can the ins co. make Pink bear the cost? also, what will happen to her subsequent ins premium?
If ins co fight and win the case, then it's none of Pink's business right? the legal fees is to settle between the taxi driver and the ins co?