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View Full Version : Do not want to scrap this car. Insurance fight help.



MDE3
06-04-2011, 09:46 PM
Newbie here...just loined to get some advice...if there is any good advice for this.

Last night I collected a deer on the interstate...damage to the grill hood and right front fender is extensive....Got the cooling and air conditioning as well.

I just spent serious $ replacing the blower fan and relay/regulator literaly hours earlier. Within the last month I have replaced both cats (exhaust has (2) highflow cats, with no resonator and speedtech muffler), and front brakes (new disks)

Vehicle is 1993 with 170,235 miles

I have comp/collision on the vehicle, but my biggest fear is the insurance company will want to scrap it. A rough estimate (my own) puts me in the repair category of $8000 plus. NADA gives value ridiculously low of $6850 for year miles and condition. Car has new AMG rims less than one year old.

What resources if any are out there if any, to combat a low insurance evaluation?

Pics are from Aug 2010..car looks essentially the same now. (or rather it did until 11:30 Pm last night).

Benzer
06-05-2011, 09:52 PM
Damn,..sorry about that.. Two things you can do are negotiate the deductible on the car, you pay more they pay less. If they totally don't agree and they are going to take it away and toss it shoot me an email and I will give you the name and number of a friend that owns a dealership here in LA and should be able to buy it as a salvage vehicle and turn it over to you. As long as the insurance doesn't file with DOT, the vehicle should be OK to drive, otherwise I believe it's banned for life from our roads and highways..

Jimbo
06-06-2011, 07:14 AM
That is too bad to hear. VERY sorry ! Those long legged rats are the bane of car folks...

20/20 hindsight...you might have insured the car with a collector company such as 'Amercians Collectors Insurance' or the like where you agree upon the cars worth.... MY 'regular' insurance was valuing my car about the same ($7500) last year...tho not a classic yet American was able to insure the car for $12,500 now (mine has 156k)....which I think is more than fair.

By law, insurance WILL report the car's VIN to the DOT as totalled once the claim is settled; if it bottoms lines like that. That doesn't mean its not deemed safe for the roads tho once fixed. Its just that the VIN will forever have 'salvaged' attached to it.

Not sure one can negotiate the policies terms now that this has happened....best might be to get a second and even third party opinion on the cars true worth (might not be what you want to hear tho) and bring those numbers to bear on the agent handling your claim. Your reciepts for recent work should factor in to a higher value but most any car 20 years old with 170K isn't going to be valued at a point where insurance would feel its in their best interest to fix it up. (Regular Auto) Insurance Companies care little of the history and pedigree of this car...unfortunately.

If its all fixable and the insurance still totals the car...its not the end; fix it and deal with the hit on the title. It sure looks from the pix to be nice and worth fixing.

MDE3
06-06-2011, 02:21 PM
Well it appears I was a little paranoid..they rated my car's condition quite highly, and have decided to do a full repair...their estimate came to $7100 using a combination of new and used parts. They even stated that they expect a supplemental claim given the nature of the make and model, and have room for that as well. At least for the moment...hats off to Progressive.

Thanks for advice from those who responded.

Mike

need2speed
06-06-2011, 03:58 PM
Mike, don't loose that bit of advice from Jimbo...seek out "agreed value" insurance which is based on a value you set rather than the arbitrary book values they usually use. I switched from a regular insurance company to one that specialised in collector's cars and established an agreed value based on an appraisal, and now I actually pay less for insurance annually but have way more coverage. The key is your "collector's car" must be a second vehicle and not primary transporatation, but no mileage limits with my company.

MDE3
06-06-2011, 06:28 PM
Thanks...I will definitely look into that....My "primary" however would end up being an '86 "16V Cossie" which runs ok, but is in constant need of attention..

need2speed
06-07-2011, 10:34 AM
Thanks...I will definitely look into that....My "primary" however would end up being an '86 "16V Cossie" which runs ok, but is in constant need of attention..

LOL, looks like you have a dilemma... :seesaw:

MDE3
06-08-2011, 01:29 AM
No more dilemna....due to an error in the evaluation/appraisal process...the repair bill is now projected to be higher than anticipated (they were just teasing me I guess)....so the car falls into the "totalled" category....argggg.

Jimbo
06-17-2011, 11:04 AM
Damn...that stinks for you. Sorry to hear this. These cars should be saved ! ...not turned into scrap.

What are you going to do?...take the pay-out money and run or buy the car back and fix it?


:bat: I'd work over the adjuster some more...but that's just me.