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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
196 messages, Last post on Nov 17, 2009 at 7:17 PM
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| MY VAN WAS HIT BY A CAR THAT DID NOT STOP AT A POSTED STOP SIGN. THEIR INSURANCE COMPANY WANTS TO PAY OFF THE CAR AND KEEP IT FOR SALVAGE. I AM NOT WILLING. I HAVE NO TRANSPORTATION AND HAVE BEEN PAYING THE CAR NOTES AS USUAL. THE AMOUNT THAT IS LEFT ON THE CAR IS NOT ENOUGH TO GET ANOTHER CAR AND I HAVE BEEN TOLD THAT THE CAR CAN BE FIXED BY MY MECHANIC. DO I HAVE TO LET THEM PAY THE CAR OFF AND TAKE THE CAR,SINCE I WOULD BE GETTING NOTHING THAT WOULD HELP ME PURCHASE ANOTHER CAR? ALSO SINCE IT WAS THE OTHER DRIVERS FAULT WHY AM I THE ONE THAT SEEMS TO BE PUNISHED? | |
| MY INSURANCE COMPANY SHOULD BE HELPFUL IN THIS SITUATION SHOULDN'T IT? WHAT HELP SHOULD I EXPECT FROM THEM IF ANY? DO YOU HAVE THE WEB SITE ADDRESS FOR THE NORTH CAROLINA INSURANCE COMMISSION SO I CAN ASK QUESTIONS OF THEM. THANK TOU. | |
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i have a 2002 neon 85k miles. ingested water after going thru puddle. motor is locked, can't crank it with a breaker bar even with the plugs out. without knowing what is wrong an aig adjuster looks at it and says they will pay for a replacement engine from the junkyard. he states they are replacing with equal or better value. i say i have receipts showing oil changes every 3 - 5 thousand miles and tuneups on my motor, what can they produce to show the junkyard motor is of equal quality? they state it is up to my mechanic to determine the quality of the junkyard engine. is this normal?
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Replying to: unique_name (Oct 19, 2005 4:58 pm) |
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A Toyota 4Runner ran into the back of our 1998 Protege. The car will likely be totaled due to the rear end damage. We no longer had collision coverage, so the other insurer will be paying for the car. The other insurance company's appraiser came when we were out and wrote that our car was in "fair" condition and had previous hood and roof damage. The "damage" in each place is a tiny ding that is not deep and didn't affect the paint (no rust on the car). In fact, the light must shine on the car at the correct angle to see the "damage." The car has always been maintained well because it is our only car. I'm not looking for a lot of $, but true FMV for a car that has been very well maintained but (admittedly) needed a wash. Any suggestions on how to proceed with the insurance company? Thanks.
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Replying to: fondue (Nov 21, 2005 6:36 am) If this were your own insurance company you'd have a lot more restrictions placed on you by contract. But yes, next step...if you are not satisfied with the settlement, is to hire your own appraiser.
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Replying to: Mr_Shiftright (Nov 21, 2005 12:40 pm) On a related topic, typically how long does an insurance company give you on a rental car they're paying for when (1) their driver admits liability and (2) your car is totaled, thus requiring purchase of another car? (We only had one car for two working adults before the accident, so another car is a necessity.) Thanks again.
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Replying to: fondue (Nov 28, 2005 12:51 pm)
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Replying to: Mr_Shiftright (Nov 28, 2005 1:05 pm)
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Replying to: fondue (Nov 28, 2005 1:14 pm)
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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
