I had the love of my life - 2011 4Runner with ~300k miles on it totaled over the summer. I worked the system for weeks trying to get them to fix her - even with more out of pocket money. Ultimately I lost and had to go with the same car younger model. Im happy and see what Donald Trump sees in trading out models every decade or so.
THIS! @QGator2414 --pay heed sir. I got rear ended back in june by a 6-7000 lb vehicle (Ford 350) traveling damn near 100 mph, after it ricocheted off of a 4 banger. Still have lingering injuries, and lost my vehicle. So absolutely pray, and thank the Lord above if you're biggest headache is how much you're going to have to eat on your car's value.
$1200 in parts means it's not bad....because you are paying that shop parts costs + shop mark up on parts. You obviously need a bumper cover, bumper reinforcement and bumper bracket on one side(at least). Replacing a rear bumper is an hour job, just start watching YouTube videos and hose all the fasteners down with PB Blaster the night before. Your estimate is your parts list. Search for used parts on the link I provided above. I checked quick and saw entire bumper assemblies for $250-$350. On your "you keep the title" offer, is it going to be a branded title? As long as it's "salvage" you can get get the car reinspected and be able to register it. Save your receipts so they can see the source of the repair parts. If it's "junk" it can't be registered again. (I'm ignoring title washing here.) Salvage title cars are worth 25-33% less than clean title cars and can be harder to insure. I'm confused about your diminished value questions. If they give you ACV, they've paid for the car. If the car was NOT totaled and you repaired it, you would likely have a diminished value claim.
This auction company is nationwide. They literally had a "sea" of flood cars at their SW Florida locations after Ian. The Ocala branch: https://www.copart.com/locations/oc...nic&utm_campaign=gmb&utm_content=link-website You can actually bid there, but you have to pay a licensed dealer a fee to basically bid under their license. Links on the website. Btw, if someone bought your truck at auction, they'd be more likely to fix it and sell it with the used car market being as it is.
So learned in the last hour that diminished value is not relevant in a total loss. Been on the phone with State Farm and the Collision Shop. Appreciate all the input. We will keep the car. It is meant to protect us and be a work horse. Looks are not an issue. If we get 10 more years out of her…way better than dropping $90K on a new vehicle right now (as we probably buy another Full Size SUV).
It’s quasi fascism. Capitalism is making me truly whole for my loss. That said. It is less fascist that health insurance and the healthcare industry.
A famous YouTube Hurricane Ian flood car...a $2,000,000 McLaren P1 being restored by Tavarish (Orlando area YouTuber). It was literally floating down the street
Did you ask if there was a way to keep it WITHOUT getting a branded title? You'll receive less in your settlement, but the car will be worth significantly more. Block out your personal and repair shop identifying info on your estimate and post it, if you are so inclined. Curious to see the parts list and prices.
After Progressive told me my car wasn't worth what is was selling for THAT day, I bypassed them and settled my claim directly with the other side's insurance company.
I did not. However. Based on the age and mileage this car will literally be worth parts only by the time we sell it. So not sure that is necessary after talking to the collision guys. There is an expensive fix that is not necessary that we will forgo and should put us in solid shape considering the circumstances. I might ask about this though. Thanks for bringing it up!
We share a parking lot with my insurance agent. I asked them today if it was worth that and they said probably not. Likely due to age and mileage.
Back in August, my son got his driver license on a Monday, we bought him a 2022 used car on that Wednesday and by Friday it was totaled when another driver ran a stop sign and clipped his right rear, spinning him into a utility pole. Purchase price was $25,800 out the door. I went through their insurance, Geico, and they offered me $25,400. At the time, I was miffed as we provided the invoice total from a car that was picked up 42 hours prior to the accident. I wanted that invoice reimbursed fully so I pivoted to going through my insurance, State Farm. What a waste of time that was as their offer was $22,100. What I learned is that the adjuster pulls values based on year, make, model and mileage within a 50-75 mile radius, telling me I can go get that car for that money. Doesn't take into account the condition of the car, scratches, dents, etc., or the interior of the car, torn seats, smoked in, etc. and my son's car was absolutely immaculate. They also don't account for dealer fees, like you can go buy a car without paying dealer fees. I politely told SF and my agent to go pound sand and went back to Geico. I've been with SF for about half of my adult life and have to admit, Geico has MUCH better customer service. I always got right through on the phone to Geico whereas SF was a minimum 20 minute hold and sometimes up to 45 minutes.
Is it? Seems the loss has been socialized and it’s a regulated industry to protect consumers. The capitalist side is the company trying to maximize profits as much as possible at your expense. And I say this as a proponent of capitalism (with guardrails).
Capitalism is not a synonym for being happy with an offer and fascism isn't a synonym for being unhappy with an offer.
Held off on responding yesterday, but....no, there's nothing capitalist about 'making you (or anyone) whole again'. That's a concept based on and grounded in justice. Capitalism would dictate that you, as private property owner assume the risk if your loss, as you are able to reap the benefits of your property ownership. Your contractual relationship with the ins Co. pits your interests against the ins company's, where their capitalist interest is to pay you as little as possible to max their profits, after collecting as much as possible from you, under the promise to help you mitigate the risk of loss you assumed by private property ownership of your vehicle. I cannot fathom how the hell fascism even factors in, bc all of the above could apply under fascism.
