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Topic:
OT diminished auto value
This thread has 22 replies. Displaying posts 16 through 23.
OP | Post 16 made on Sunday August 16, 2015 at 21:27
thecapnredfish
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Thanks guys. Yes it is the dump truck drivers insurance.
Post 17 made on Sunday August 16, 2015 at 21:45
Trunk-Slammer -Supreme
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On August 16, 2015 at 21:27, thecapnredfish said...
Thanks guys. Yes it is the dump truck drivers insurance.

Ernie probably knew this, but he was just being Ernie, so we have HIS sort of post.

At times worth reading, and often not.



The truck drivers insurance company won't give in, sue the driver in small claims court.

Your argument is that HE caused the accident, and since his insurer won't cover this part of the loss, he would be liable.


You should also discuss this with YOUR insurer, since they will most likely have a lower value that they will pay out if you car gets totaled. They may be wiling to help in this matter. Not likely since they're all birds of a feather, but it's worth a try.
OP | Post 18 made on Sunday August 16, 2015 at 22:57
thecapnredfish
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Well we purchased a new vehicle. The dealer has agreed in writing to appraise the car giving us a before and after price in the report. They typically see a 30 percent decrease in value with a moderate damage carfax report. So I will bring them the car when it is returned to us. Again the responsible partys insurance company has agreed they will pay. I just need to provide figures that I am happy with for them to review. I am sure a small battle is in my future. Thanks for the replies.
Post 19 made on Monday August 17, 2015 at 10:20
RandyWalters
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On August 16, 2015 at 22:57, thecapnredfish said...
Well we purchased a new vehicle. The dealer has agreed in writing to appraise the car giving us a before and after price in the report. They typically see a 30 percent decrease in value with a moderate damage carfax report. So I will bring them the car when it is returned to us. Again the responsible partys insurance company has agreed they will pay. I just need to provide figures that I am happy with for them to review. I am sure a small battle is in my future. Thanks for the replies.

A few other things to keep in mind with dealing with the dump truck's insurance company:

I would not mention that you already bought a new car. Just deal with getting the wrecked car fixed or replaced.

If they end up totaling out your wife's car, and they offer you an amount you're happy with, then you should also insist on them paying for the sales tax on that amount as you should not be forced to eat that when buying a replacement car. My wife had gotten rear-ended by a big SUV that totalled out her Mustang GT. They eventually offered a fair replacement amount for the car but would not pay for the sales tax that she would have incurred when buying a replacement car, so we kept rejecting their offer. They finally agreed to pay the tax as well.

And more importantly, i would not sign off on any medical claims (they usually try to either get you to sign that you weren't injured, or trick you into unwittingly signing off along with property claims). Don't let them off the hook for any possible future medical claims. Here in California we have TWO YEARS from date of accident to file an injury claim so they like you to sign off right away - don't do it. My wife thought she was ok, but almost a year after the crash she started having nerve pain in her upper spine then it moved into both arms (pain and weakness) and she had to go to a specialist - he asked her if she'd gotten in a rear-ender crash before. Turns out the impact caused a disk to slip out of place, then over time it moved further and ultimately pressed against a nerve. She filed an injury claim with the SUV's insurer which was initially rejected, but one letter from her lawyer and doctor got the medical bills paid.
Randy
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Post 20 made on Monday August 17, 2015 at 17:53
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I think a lot of us have been through this crap with insurance companies.

Their business model is to have you pay, and for them not to.


The only time I came out ahead was when I bought a 86 5 series BMW wholesale.

Gave $3,500.00 for it, got rear ended three months later.

KBB Black Book, which is what the dealers typically use, showed the retail value at $8,500.00.

State Farm offered me the wholesale value of $3,500.00, and I told them no.
adjuster "You can buy that one, and we'll call it even."

Again, they said no.

Two days later the adjuster calls and said he made a little mistake, and had checked the value on the wrong car.

They settled for $8,500.00
Post 21 made on Monday August 17, 2015 at 18:06
highfigh
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On August 16, 2015 at 19:41, Ernie Gilman said...
highfigh, I'm having trouble figuring out which post you're replying to here. Would you please quote it in its entirety?

Thanks............

Happy to- it was the one where I told you to kiss my ass.
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
Post 22 made on Monday August 17, 2015 at 18:08
highfigh
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On August 16, 2015 at 21:06, 3PedalMINI said...
Its pretty obvious who he was referring to, Its pretty obvious the dump truck drivers insurance is paying for the damages

And yet, so many were posting as if the OP's insurance would be paying for it.

Sorry to quote the whole post, but if I hadn't and there was no reference to who I was replying to, Ernie would have asked who I was replying to and now, he's probably going to bust my chops for using 'who' instead of 'whom'.
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
Post 23 made on Monday August 17, 2015 at 18:13
highfigh
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I was discussing insurance with a friend and at one point, I made the mistake of saying "Now watch- I'll walk outside and my car will be gone".

I'll never say anything like that again- they're out there, man! They hear us!
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
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