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Replacement Cost by Insurance Company for Totaled Vehicle

272 messages,  Last post on Feb 12, 2013 at 4:55 PM

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Messages Page 26 of 28

#243 of 272 Re: What settlement to Take? [taximombutler] by euphonium

Jun 10, 2010 (8:41 am)

Replying to: taximombutler (Jun 10, 2010 8:19 am)
downpayment, time off work and the two years of interest paid into the car
 
Because the above are not direct, but resultant losses related to your financial condition, not the cause of the crash, good luck.

#244 of 272 Re: What settlement to Take? [euphonium] by michaell

Jun 10, 2010 (9:02 am)

Replying to: euphonium (Jun 10, 2010 8:41 am)
It would be interesting to determine the ROI on the litigation when you factor in legal fees, time off work to go to court, etc. when compared to the increased compensation (judgment) amount - if any.
 
Who knows - it might all be worth it.
 
And, if successful, it might set a precedent.

#245 of 272 A couple of questions here by kirstie_h HOST

Dec 16, 2010 (8:19 am)

So, I'm somewhat satisfied with my insurance company's handling of my total loss. However, there are a few things that miffed me, and I'm wondering about the proper way to handle them.
 
First, when I was hit, I was away from home in another city. Of course I had no idea how to get home, and the insurance company offered no options - no one-way car rental. Thanks to Southwest airlines, I was able to get a same-day one-way plane ticket home for $113. Should I ask for reimbursement?
 
Second, when I got home, the insurance company told me they had a rental car reservation for me, under my rental coverage. I showed up and the place had NO CARS. I was pretty peeved about that, since no one told me I should call first. Second day, the same place had NO CARS. OK, I've had enough. I made a reservation at another company myself, picked up the car, and will pay for it myself. Should I expect them to reimburse me? Honestly, I think this is a definite yes given that I have rental car coverage. It shouldn't be contingent on their company of choice having vehicles available.
 
Thanks for any tips.

#247 of 272 Re: A couple of questions here [kirstie_h] by euphonium

Dec 16, 2010 (12:16 pm)

Replying to: kirstie_h (Dec 16, 2010 8:19 am)
The policy doesn't cover the airline ticket home because it is not a specified benefit. Procuring your own rental car should be reimbursed when you have rental car coverage, but this benefit does have limitations.

#248 of 272 Re: A couple of questions here [euphonium] by kirstie_h HOST

Dec 17, 2010 (8:07 am)

Replying to: euphonium (Dec 16, 2010 12:16 pm)
Thanks - makes sense.
 
Yes, I know the limitations of my rental policy (daily amount & dollar amount). I was just wondering if it's reasonable to expect that they'd reimburse me based on the amount of coverage listed on my policy even IF I don't use their preferred company.

#250 of 272 Total loss on '01 Accord? by 01accordlx

Jan 23, 2011 (10:42 am)

I was in a collision with my '01 Accord. No injuries to anyone. The visible damage is to the front bumper, front right corner panel, right headlight/parking light, and front right rim. The passenger side airbag deployed. There also appears to be damage in the engine compartment, possibly to the intake (?) but the car started after the collision and I was able to drive it out of the street. After speaking with the insurance adjuster (who had not seen the car) on the phone, I was told this is a total loss. It has 115,000 miles on it, so I know there was life left in it. Until the accident, there were only minor cosmetic issues on the car (a few scratches to the paint). I have been diligent with all recommended maintenance. I have never been in an accident before, so I do not know whether or not total loss is common. I have been told by some friends that the airbag deploying is probably why the insurance company wants to total the car. Any thoughts and comments are appreciated. Thanks!

#251 of 272 Re: Total loss on '01 Accord? [01accordlx] by euphonium

Jan 24, 2011 (12:29 pm)

Replying to: 01accordlx (Jan 23, 2011 10:42 am)
You've listed the obvious damage, but the adjuster is aware of potential hidden damage. Look at it this way, If you wouldn't buy such a car after being crashed like yours, why would you want to keep it? It's good that it's totaled.

#252 of 272 Re: Total loss on '01 Accord? [01accordlx] by kyfdx HOST

Jan 24, 2011 (7:20 pm)

Replying to: 01accordlx (Jan 23, 2011 10:42 am)
It's a 10 year old car with 115K miles... What's that worth? $5000..
 
Once the repairs get to the 70% of value range...they usually total it.. Replacing an airbag is very, very expensive... My $14000 car was totaled with not much more damage than you have.... but, both front airbags blew....that's what put it over the top...

Messages Page 26 of 28

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