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Message
re: Insurance questions after being rear ended.
Posted on 5/13/19 at 7:07 pm to LurkerTooLong
Posted on 5/13/19 at 7:07 pm to LurkerTooLong
quote:
Make/model etc
2015 Chevy Sonic LTZ Turbo
0
Posted on 5/13/19 at 7:08 pm to Evil Little Thing
The value of what they will pay will be less if he keeps it bro
Posted on 5/13/19 at 7:08 pm to HarveyBanger
quote:
Your what’s wrong with our state
Perhaps English teachers are
Posted on 5/13/19 at 7:10 pm to HarveyBanger
So what is the deal? If he doesn’t keep it, the bank values it at $10k, pays off his $9k balance, then gives him $1k. But if he keeps it, they give him $8k and he’s stuck still paying the bank?
(Hypothetical numbers. Trying to understand.)
(Hypothetical numbers. Trying to understand.)
Posted on 5/13/19 at 7:10 pm to dgnx6
quote:
I got more than what I paid for mine. Are you at fault for hitting the car in front? Usually that would mean you were also following too close
No we were stopped at the Essen Lane exit.
Posted on 5/13/19 at 7:10 pm to bencoleman
Are you making the claim through your insurance or theirs?
Posted on 5/13/19 at 7:11 pm to bencoleman
If your neck was sore due to the accident, even for just a few days, or you had some other injury, however minor, make a bodily injury claim against the at fault party. Don’t settle for less than $5,000 at minimum. If you’re a little patient and persistent, you should be able to get $10k minimum. Don’t start there though. Make your initial demand at least twice as much as where you want to end up.
Posted on 5/13/19 at 7:13 pm to Evil Little Thing
quote:
o what is the deal? If he doesn’t keep it, the bank values it at $10k, pays off his $9k balance, then gives him $1k. But if he keeps it, they give him $8k and he’s stuck still paying the bank?
Yea so let’s say insurance offers him 10k. They essentially buy the vehicle in its pre loss condition. If he keeps it, it will be less the salvage bid (what’s it’s worth in its current condition) which maybe 3-4K for a 10k vehicle. So if he keeps it settlement would be around 6-7k which isn’t enough to pay the bank off which is why they won’t sign off on it
Posted on 5/13/19 at 7:14 pm to bencoleman
Now you know why Gordon is popular. If you weren’t injured, they are going to frick you
Posted on 5/13/19 at 7:22 pm to boosiebadazz
quote:
Are you making the claim through your insurance or theirs
They're at fault so the claim is going through their's.
Posted on 5/13/19 at 7:24 pm to bencoleman
quote:
The car has 70,000 miles on it without a scratch anywhere and it's worth less than half of what I paid for it.
It's called depreciation and it's why smart people buy used and pay cash.
Posted on 5/13/19 at 7:28 pm to bencoleman
2 things hope you don’t have State Farm.
I hope the person that hit you doesn’t have the same insurance company.
I hope the person that hit you doesn’t have the same insurance company.
Posted on 5/13/19 at 7:29 pm to PrivatePublic
I only buy used Toyotas...... smart
Posted on 5/13/19 at 7:29 pm to Possumslayer
quote:
2 things hope you don’t have State Farm.
I hope the person that hit you doesn’t have the same insurance company
The car that hit me has farm bureau.
Posted on 5/13/19 at 7:37 pm to bencoleman
There are a bunch of aboriginals in this thread
Posted on 5/13/19 at 7:42 pm to Pintail
You just have to get an inspection at the state police
Posted on 5/13/19 at 7:44 pm to bencoleman
Most companies will send someone out to write an estimate. If the estimate totals the car, they’ll run a market survey/evaluation. The report will usually find what other cars like yours are selling for within a certain area and determine the market value of your car. TT&L should be added and that’s what they’ll offer you.
Posted on 5/13/19 at 7:45 pm to bencoleman
What you owe on the car is not considered in the payoff (nor should it be). They give you the amount that the car is worth.
Posted on 5/13/19 at 7:48 pm to bencoleman
Situation truly sucks. While your car may not have been worth much by actuary standards, it was keeping you from having to finance a new vehicle at cost to you.
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