Anyone dealt with their vehicle being totaled and have any approaches to get the insurance company to give you more. I was rear ended by a lady on the 30th. Don’t think she ever hit the brakes. End of the day the Yukon XL won the battle. We barley felt it but she deployed everything and it was a process to separate the cars. Needless to say. The frame was okay but with age 2011 and mileage 160K . The damage was too much. Considering keeping the title but want to get as much as I can as we recently spent a good chunk in maintenance. I have my new tire invoice ready to go along with the other maintenance invoices. I know if we keep the car diminished value. But any other ideas? Fascism at work as State Farm (the insurance for the lady who hit me will probably make money on the parting the car out/which is really infuriating) Thanks!
If you don't like their valuation, you can give them documentation of stuff you've done recently they may adjust it upwards, though dont expect anything close to full value on that work. My experience is they are pretty good at increasing the settlement if you can back it up with hard evidence like receipts or comparable sales. You can keep the title, but the process requires you to jump through a lot of hoops, as I understand it. Most people dont because its a pain in the ass and I think you have to apply for a new title anyways (could be wrong about this part?) since there is still a process of transferring back to you after the claim is settled.
Your insurance company will only pay you "Actual Cash Value" less your collision deductible They should be able to recover your deductible from the other carrier. If repair costs exceed 80% of pre-crash ACV, it must be declared a total loss per Florida law. Allstate isn't going to part out your car. They are going to take it to an auction and let that place auction it off. With as clean as it is, it will do well at auction, especially if it has the 6.2L V-8. The ACV part will be the worst part. The adjuster will enter your VIN, mileage and pre-crash vehicle condition (good, average, bad) into his/her computer. Whatever that results in is your offer . To get more than that, you will have to hire a professional appraiser or see next sentence. That system doesn't care if you just replaced the AC or bought new tires. If you search autotempest.com (a great multi-search engine tool), you should get a good idea of comparables values in the area. The adjusters will sometimes look at comparables in determining ACV upwards a bit. You can get loss of use from the day of the crash until the day they offer you a settlement if you actually rented a car. Several years ago I sold a car on eBay. The day the purchaser was flying in from California to pick it up, I was rear-ended by a texter and the car was totaled. When my adjuster (Progressive) offered me half of what the car was literally selling for that day, I was told that my selling price had "nothing to do with actual cash value" of my car. Those people will give you a headache. Good luck, glad no one was (apparently) hurt.
Generally speaking, first of all day a little prayer for thanks that you weren’t hurt, and have no need for medical care (or a lawyer). Your insurance will provide you with value of your car, less your deductible (although you might even get the deductible paid by the tortfeasor). They’ll then seek surrogate on from the tortfeasor’s insurance, and thus your rates shouldn’t be too affected, it at all. State Farm is pretty good at offering fair rates for the totaled car. Still, if memory serves, there’s a mechanism to challenge the value they offer. Thankfully, again, you’re all ok.
If you want to keep the car, ask about a contract repair. (Note: I'm not sure if insurance companies still do this.) They will pay you 70-75% of ACV and let you keep the car with a clean title. They will also cancel that car out of your policy. I did that with a BMW many years ago that basically only needed a hood and fender...didn't even need to go to the alignment shop, but my carrier wanted to total it. After they cancelled the vehicle, I added it back on to the same policy the next day...they never caught that it was the same car. Your car is really clean and they will not give you enough to replace it. Parts should be plentiful at a salvage yard. Search engine for salvage yards. Get your paint code off the driver's door or door frame and you might get lucky and find what you need in the correct color.: Car-Part.com--Used Auto Parts Market Do you have any photos of the driver's side? Check the body panel gaps, especially on the left side. How bad is the left rear quarter? That SUV is body on frame construction so it will easier to repair than a unibody.
neither here nor there, but I bought a car from Carvana & it is coming tomorrow. I feel like a gen Zer.
Great stuff. So I held off a little posting being busy with kids and dealing with this. The lady who hit me went to the hospital and it took her almost two weeks to respond. I did this all through her insurance instead of putting the claim on mine since my son and I were not hurt (PIP). I believe she is okay but it was frustrating she took so long to respond on the property damage side as she had been in communicatin with her insurer for her injuries. Needless to say we have two offers. One they take title and one we keep title. I had already asked for loss of use as we had two other cars so I did not need a rental but we were putting miles on our new car we did not want to put on it. They gave us $25ish a day for loss of use. I have the estimate from the body shop and the frame is good. There is one repair that is $1200 plus labor (intensive) that is not necessary to get the car to look right and be safe. So we should be able to cover all repairs based on the offer and keeping title. That is the plan. The last piece of advice if you have any would be on diminished value? My plan is to try and get a few hundred dollars with the receipts but if I bring up diminished value do I have another few hundred possible? Thanks! Great info!!!
Our situation was somewhat similar (although there were notable differences). Interestingly we ended up coming out ahead. My wife was in accident three years ago. USAA declared the car a total loss although it had extremely low mileage and other than the damage to the front end caused by the accident (see below) was in immaculate condition. We originally had the car towed to a body shop with a USAA claims adjuster on site. That body shop refused to repair the car (2009 Honda Accord EX-L) because it had been declared a total loss. USAA allowed us to keep the car and paid the salvage value (around $7,500 I do not recall the exact amount). We had it towed to another body shop which repaired the car for $6,000.
Corporate insurers low balling offers to then make money on a car that has plenty of valuable parts. That said...@GatorJMDZ is right. They will probably auction it off and let someone else make money off the parts. Shoot my tires were worth 15% of the offer. The only real damage is the back left and it is basically cosmetic.
The problem is there will be pictures of me running 6-7 miles and playing tennis every day... And being active is more valuable than sitting around.
