Shelby...thanks...I am going to call you after I meet with the insurance guy tomorrow to get your opinion on how to proceed!
Wrecked GT
- Thread starter craiger
- Start date
I still can't get a response from the insurance company. They don't know how to value the car...diminished, salvaged, totaled, repaired??? It is really crazy but I don't have a good feeling...we will see.
It's a scary thing getting hit like that. We were hit by a Class 18 truck a few years ago and I'll never forget it.
We were lucky to survive.
The fact that you are OK is the important one.
427Aggie
GT Owner
I hate to say it but if they are running you around it may be time for them to speak to an attorney...it sucks but some of these guys are just going to ignore you until you become the squeaky wheel.
Glad you and your son are ok.
Glad you and your son are ok.
twobjshelbys
GT Owner
Agreed. Every insurance company paying a loss thinks your car is a 74 Pinto. Their offer will be for you to take it away. A lawyer shouldn't be necessary if your insurance company is on your side. Good luck.
Fubar
Totally ****** Up
Been there, done that... 3rd party appraisal is where you are going to end up but you'll have to go thru the motions. Have faith, Shelby is a handy guy to have on your side in this scenario?
sr71
GT Owner
Glad you and your son seem OK, but don't rush the insurance claim until you are sure there are no residual health effects. Sometimes "only shaken" can cause down the road problems.
Empty Pockets
ex-GT Owner
'Sage advice, '71.
My eldest daughter was diagnosed with fibromyalgia several months after a wreck. The docs attributed that directly TO the wreck.
You might try asking his insurance company adjuster if he carried only state minimum liability insurance. If so, ask them to just cut a check for the limits of liability and begin working with your uninsured motorist coverage and plan the law suit to recover the remainder. If he had much higher limits, you may eventually recover actual losses.
Empty Pockets
ex-GT Owner
Wouldn't it be up to one's own ins co to sue for any recovery necessary?
When wifey's car was totaled by an uninsured yo-yo, our u.m. coverage paid the whole 9 yards.
Judging from that, I would assume from our experience that there would be no "remainder" at all in your example. The "under insured motorist" coverage should pay everything above the "liability" limits of the perp's policy, shouldn't it? :shrug
I don't KNOW. I'm asking!
You have it right EP, I was just suggesting that since the other party's insurance company was having diffeculty determining how to value the claim, that the 'how' may not matter if the limits of liability are say 25 or 30k. Any method of determining loss is going over those limits for a rear end impact. Just cut the check and move on to the next steps. My use of the word 'remainder' was the difference between what the other guys insurance pays and the value of the loss. UM coverage for that, then they try to recover if the guy has assets.
Either way, your insurance company should be dealing with this, not you. There is very little possibiltiy of completing this ordeal without involving your insurance so may as well get them involved up front. You get moving much faster and they go after restitution later if its appropriate. Still going to be a UM claim, not collision.
Either way, your insurance company should be dealing with this, not you. There is very little possibiltiy of completing this ordeal without involving your insurance so may as well get them involved up front. You get moving much faster and they go after restitution later if its appropriate. Still going to be a UM claim, not collision.
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Empty Pockets
ex-GT Owner
BlackICE
GT Owner
USAA has valued the car at 170,000. and the damage is about 55,000. so they will not total it. The clam shell is the most expensive item which was barely damaged but still needed to be replaced. They are not making things easy in regards to diminished value claim or where the work is done to repair the car. So to answer your question still in limbo a bit.
I will keep you posted...
I will keep you posted...
Hire an attorney and stop torturing yourself. If local Ford dealer, who probably has never done anything but an oil change on the GT, is saying damage is $55k - it is probably way more to do it right, and they won't fix it right anyway. GT Guys have done lots of accident repair. Insist insurance company has them do it, and send it up.