Another Black GT down


Fubar

Totally ****** Up
Mark II Lifetime
Le Mans 2010 Supporter
Aug 2, 2006
3,979
Dallas, TX
Alright guys I need a little advise. I feel like my insurance company is trying to screw me on my car. It's a black/silver '05 with the billet A-Arms, 6,500 miles and all four options. Farmers Ins offered me $155,000

Aftermarket includes: Heffner pulley/tune, Borla Exhaust, Halon fire suppression, Ford Transmission cooler, Stillen Radiator springs, T&A lowering kit... and about a $1000 is other little extras.

Am I just being too proud? I know it had 6500 miles but honestly the only cars I've seen go for $155 are the reds ones (no offense) but they made a lot of those cars in that color. Should I take the money and run or hunker down and sue shit out of everybody?
 

Pete S.

GT Owner
Mark IV Lifetime
Aug 18, 2006
528
MA
.

I know it had 6500 miles but honestly the only cars I've seen go for $155 are the reds ones (no offense) but they made a lot of those cars in that color. Should I take the money and run or hunker down and sue shit out of everybody?
No offense and No idea. And that's $155,000 for the Red ones.

Good luck.

Pete S.
 

Kingman

GT Owner
Mark II Lifetime
Aug 11, 2006
4,070
Surf City, USA
Can't you work with your agent to have them take into consideration the extra's? I believe the insurance company will depreciate the performance/add-on items almost 75% immediately after purchase (I don't know how much they would value labor).

Would it be prudent to supply your insurance company with comp's of other GT's recently sold and work at it from that standpoint?

Just doing the math....

$15 - 20K - attorney
$155K - settlement offer
$? - aggravation
$? - time lost not finding your replacement vehicle

does it equal $175K for a potential outcome?
 

jbyrnes

FORD GT OWNER
Mark II Lifetime
Jun 13, 2006
224
Louisville CO
I would have guessed that these cars had a "black box" chip that records throttle position, speed, rpm, etc for doing accident forensics. Anyhow Fubar, have you found out what's going to happen to your old car - fix or part out ? I would hope that if Farmers wouldn't credit you for your modifications that they would give you the chance to remove the good stuff. It looks pretty intact from the doors back. I wish you a speedy recovery.
 

STORMCAT

GT
Mark IV Lifetime
Le Mans 2010 Supporter
May 25, 2006
7,408
Ft. Lauderdale
Fubar,
I wish you a speedy recovery !! It's sad to see the GT in that state but it can be replaced you can't !!! We'll look forward to your return to the saddle !!!
 

shelbyelite

PERMANENTLY BANNED
May 10, 2007
1
Alright guys I need a little advise. I feel like my insurance company is trying to screw me on my car. It's a black/silver '05 with the billet A-Arms, 6,500 miles and all four options. Farmers Ins offered me $155,000

Aftermarket includes: Heffner pulley/tune, Borla Exhaust, Halon fire suppression, Ford Transmission cooler, Stillen Radiator springs, T&A lowering kit... and about a $1000 is other little extras.

Am I just being too proud? I know it had 6500 miles but honestly the only cars I've seen go for $155 are the reds ones (no offense) but they made a lot of those cars in that color. Should I take the money and run or hunker down and sue shit out of everybody?
MOST insurance companies pay REPLACEMENT value. Go out and give them examples of the market. Tell them to find you ONE (JUST ONE) black FGT with under 8k miles, all 4 options for that price and you will settle. Personally, I think they should pay you around $165k to $170k. Tell them you will not settle for less than $170k and see what they say.....
 

usmcfred

GT Owner
Mark II Lifetime
Oct 26, 2006
529
Massachusetts
Thanks for all the prayers. I was certainly being watched over. I wish it were a heralding story but it's a rather pathetic end to a beautiful GT.

I was on a service road and someone in a POS yugo (or something like that) cut right in front of me. I changed lanes to get around 'her' but she changed lanes again in front of me. So this is when the stupid part of my brain takes over and I goose it to go around her. Temps were about 45-50 so the tires just spun and because I was off camber the car went sideways. I would be willing to bet the farm I wasn't going over 45mph when I lost control. I slide sideways toward the grassy embankment (slowing down the whole time) and then I hit a light pole with a concrete base. It tore that GT right in half.... it broke my leg and 4 bones in my face. All in all I'm lucky to be here.

If any of that sounded bitter, I didn't mean for it too. All I can do is laugh about it. I'm alive and the car will be replaced. I was the only dumbass that got hurt (thank god). Just remember to respect the power of these girls.

Thanks for taking the time to provide details of what occurred Mark. Again, glad you escaped with no perminent injuries ... or worse.

This is a lesson for all FGT pilots living in colder climates. Goodyear specifically notes that these OEM "Supercar" tires lose adhesion rapidly below 50 degrees F. We all need to be careful driving when the road surface is cold.

Here in Massachusetts, I'll be driving my car this weekend, then putting it away in my shop for the next 5 months until Spring arrives. My old 4WD Jeep beater will be my main source of transportaion until then. No sense driving the nice cars in the snow and salt we encounter up here in the frozen tundra.

usmcfred
 

pauleddy

Owner
Mark IV Lifetime
Sep 14, 2007
306
Newport/Boca Grande
I wrecked my GT Wednesday night. I will elaborate later but pain meds and a a bandaged right hand make it hard to type.

Good thing you've got just a couple of scrapes...car was'nt so lucky. A replacement car is currently on e-bay at $173,000.00. They seem to be going up in price the fewer cars that are around, Thanks for keeping my value high!
Best of luck,
Another solid black GT40.
 

Kayvan

GT Owner
Jul 13, 2006
4,782
Wow 40mph! was it head on, broadside or angle against pole. I think this is the the worst wreck to date. That Roush was a close second. The 2-part wreck in 2005 was before my time.

Mothballing it once temps go below 50 here.

Again, take it easy
 

S592R

GT Owner
Mark IV Lifetime
Dec 3, 2006
2,800
Mark,

Give me a call, I have a written appraisal on my black car that you can hand your insurance company if you need to. 175k-180k would be a fair settlement. Unless shelby wants to sell you one for less. :biggrin

S
 

AlohaGT

GT Owner
Mark IV Lifetime
Jul 13, 2007
1,594
Honolulu, HI
There are claims consultants you can hire for $1500-5000? that knows ammunition to fire away ( ie, claim counts, subrogation value, regulatory complaints). Homeowners of high end homes hire them for huge claims.

They basically are are hard nose ex claims heads that know how to run a case up the flag, and create heat/headache....so both sides settle quicker and higher.
You may be speaking of public adjusters. I've retained them on several occasions and have been pleased with the result.
 

kumar

GT Owner
Jan 31, 2007
1,003
Dallas
Wow man that really sucks.

I almost had the same thing happen since the cold front was here earlier this week. Was only in first part throttle so I was able to save it.
 

Automotive8r

Well-known member
Feb 8, 2007
237
It was only by the grace of God - and the fact I was driving the GT
To all the naysayers out there...here's your evidence that Pockets has actually driven his GT. Now let's quit givin' the guy such a hard time.:biggrin

Yeah right...like that'll ever happen!!!
 

George Thomas

GT Owner
Aug 14, 2006
9
Santa Monica
Fubar; I do recognize your awesome lead in picture and the in-utero banging of gears, I am so glad to hear you are OK! Stunned by reading your note.

Since you experienced a shearing off of the noise piece, one hell of alot of force, your images gave me a much higher confidence in cabin integrity. And I hope that this relates to the degree of your injuries.

Sorry for your loss of the car but thank you for sharing your pictures.

Best regards,
Charles
 

Empty Pockets

ex-GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Oct 18, 2006
1,267
Washington State
To all the naysayers out there...here's your evidence that Pockets has actually driven his GT. Now let's quit givin' the guy such a hard time.:biggrin

Yeah right...like that'll ever happen!!!


AAAAAAAAAAAAAAAAAAAAH SHUDDUP!!!!! :mad

:lol :cheers
 

SYCO GT

GT Owner
Mark II Lifetime
Sep 9, 2006
4,274
California
Nice work Matteo, that is beautiful. Nice color choice.
 

Automotive8r

Well-known member
Feb 8, 2007
237
AAAAAAAAAAAAAAAAAAAAH SHUDDUP!!!!! :mad

:lol :cheers
Hey, I got yer back Pockets! UHHH... I mean I've got yer back. Not, I've got yer "back pockets".

You know what I mean. I'm defending ya!

Anyway...we all hope Mark makes a speedy recovery and is able to climb back in the saddle again.:thumbsup
 

Fubar

Totally ****** Up
Mark II Lifetime
Le Mans 2010 Supporter
Aug 2, 2006
3,979
Dallas, TX
Thanks guys, that's a lot closer to what I was thinking? $165,000.

Shelby, do you find that the cars with billet a-arms go for more? Or is an item most buyers don't know about?

Steve I'll give you a call next week. I would really like to include that report when I go talk to my insurance people.
 

MAD IN NC

Proud Owner/ BOD blah bla
Mark IV Lifetime
Feb 14, 2006
4,181
North Carolina
Shelby, do you find that the cars with billet a-arms go for more? Or is an item most buyers don't know about?.

Most buyers don't even know! You see a that a semi educated buyer pop's up here every now and then on the forum and only asks about the recall of the first 500.....
 

FrankBarba

Permanent Vacation
Le Mans 2010 Supporter
Oct 16, 2005
544
Harrisburg, PA
Shelby should be the one to help you out alot with this. Currenlty he knows the going rate to replace. In the viper world we have 3 that will help us get top dollare.