Understanding fault - wait until other company pays?
I was rear ended and my insurance company found that the other driver was at fault. They are trying to collect their payout and my deductible from the other company. The other company is a less than well known and stellar company. The accident was 3 months ago.
I want to get a new car and the rates on the car I want with my current insurance company are not competitive at all. I was told by my broker that I can't look for another company until this claim is closed.
Is this true? I have zero influence over how they resolve this or if they ever do. They determined it wasn't my fault so why am I the one left holding the bag?
Edit to clarify: The issue is they say no other insurance company will touch me with an open claim pending. Though the car is fixed and they (my insurance company) paid the claim (other than my deductible).