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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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Replying to: rhr (Jul 19, 2006 11:52 am) So tell them "it's not enough. Nobody will fix the car properly for that". Sure they can up their bid and total the car, but then they own it. |
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| My 2002 Miata went up in flames on Sunday. Cause is still undetermined, but through research I have learned that a recall was issued in July 2003 for a faulty fog lamp that could dislodge and cause the bumper to catch fire. If this is indeed the cause of the fire, could an insurance company deny the claim for not having the recall repaired or would they go after Mazda for liability? I have no recollection of receiving a recall notice, but let's face it, it was 3 years ago. | |
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Replying to: Mr_Shiftright (Jul 19, 2006 4:17 pm) I appreciate the help. I'll let you know what happens.
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Replying to: rhr (Jul 19, 2006 6:47 pm) |
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Hi, I'm new here and hope I'm posting in the right place. My son hit a 1993 Ford Aerostar parked across the street as he was backing out. No damage to our bumper and appears to be minimal to left front fender and it also pushed in wheel well about 1". We informed neighbor, neighbor sees opportunity to get some money and now wants it all repaired of an estimated cost of $1,300. Repairs would add no value to van because blue book is only about $1,000 at best.(based on mileage,needs to trans, has no air and looks awful anyway) They want to go through our insurance company, get money and not bother with repairs. Question: If a vehicle has been "totalled" will they be able to get insurance on it? Also, will it automatically go to a salvage yard? Is there a way a possible buyer can check to see if the van has once been "totalled?" Will they have to make the repairs once it is totalled? I know they want to take the money and not fix it. If it comes down to it, can we request money be sent to body shop and not given to them directly. Also, they can't prove that some of that damage wasn't already there. The whole things seems so crazy for a vehicle that already looks so bad. I'm in California. Thanks for your help
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Replying to: needanswers (Jul 22, 2006 11:38 am) Since these are neighbors you'd better let insurance handle it....then, if there's any bad news, it's not your fault. |
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My daughter got in and accident and appears her car is totaled. The trooper said it was not her fault, another driver ran her of the road. If the insurance company accepts liability can she ask for lost wages, cost of transportation home, etc.? Her car is a BMW and the book value is 5500 high, but the market is about 8000 for the same car, how can she get the difference from the insurance company?
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Replying to: ken303 (Jul 28, 2006 6:26 am) I'm not sure what you mean about 'market'. If the high book value is $5,500, it's rather unlikely that the car is actually worth over 50% more than that, unless she's added all kinds of things to it. If you don't want to accept the insurance company's settlement, you can hire your own appraiser and submit that appraisal to them (at your expense). If that new appraisal is higher than the insurance company's, they still don't have to pay you that---if they don't pay you the higher amount, you have to go into arbitration to dispute it (partially at your expense). cost of appraisal + arbitration will be about $500. If the difference between your appraiser's # and the insurance company's # is a few thousand dollars, this might be worth it. If it's only $500--$1,000, you may not end up with a gain. If you don't accept the insurance company's offer or the arbitrator's offer, you can probably sue the other person's insurance company (you can't really sue your own I don't think, since you have a contract for arbitration--but you didn't sign one with the other person's insurance company). |
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I got into a car accident a Gmc pickup truck rammed into the back of a lexus rx300 that in turn rammed into my 1994 mazda protege. My trunk is damaged(dont think it will open, or wont close after getting it opened), my bumper damaged, the rear quarter panel is also damaged, there is a piece that goes on the front of my car that broke and fell off. My car isnt the best looking car. But thats not why I drive it. I drive it because it is reliable and great on gas. Its not worth much I think that the value is like $1800. If the car is totaled out. Can I keep my car? Or does the insurance get it. can I buy it back from them? Ive heard this before. If so how much does it cost?
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Replying to: pinonhall (Aug 16, 2006 9:07 am) Given the damage, you'd probably be better off just buying a similar Protege with the settlement money. How you gonna drive around without a trunk that opens? |
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