by daveyzus » Tue May 19, 2009 01:14 am
Hi, my car got damaged by another driver. His insurance company, Farmers, had an adjuster come and inspect my car. They sent me a check of $2400 the same day. I haven’t cashed it. I took my car to 2 body shop repairs to get my own estimates. The first shop estimated the damages to double the amount ($4800) of the auto insurance claim check and the second to even more ($5000). I called the insurance company and they want me to take the car to a shop to get it repaired and they will send somebody there to make arrangements. However, I do not want to repair the car because I am thinking about selling it as is to a friend and buying another one. Do I have the right to ask the insurance company to send me an adjustment check?
Thanks!
Thanks!
Posted: Mon Jun 15, 2009 07:19 am Post Subject:
But the car repair place doesn''t want to endorse the check.
And, why that is so? Have you inquired with them?
Next, if there is no lien on the car why the name of the bodyshop was included in it? Have you taken the car to their preferred shop as Tcope has mentioned?
Posted: Mon Jun 15, 2009 11:11 am Post Subject:
And, why that is so? Have you inquired with them?
I can tell you why because they are going to get a W2 on that draft...that's why....if there is no lein have it reissued, if there is a lein have it made to you and the lein holder...those (if there is a lein) are your ONLY two choices...Posted: Sun Oct 24, 2010 02:11 pm Post Subject: Sort of the same boat here...
Hi all, I've read through the responses here, and Lori, you seem very knowledgeable, maybe you can give me advice with a similar situation.
I have car that I am leasing and it was very recently vandalized. I am thinking of filing a claim and getting some estimates from insurers. Am I obligated to fix the damage? From what I read in this message thread, I am unsure (because the car is leased).
Ideally I'd like to get some estimates and have the insurance company send me a check to have it repaired. However, I have a neighbor who used to do vehicle restorations and he is quite handy with a paint gun and buffer.
Could I cash the insurance check and choose to just have my neighbor repair the car wherein I can just pay him cash or mow his lawn or other neighborly favor, (the check's value I assume would be at whatever the estimates were from the body shops). I thought of this when reading one of the earlier posts in the thread that indicated that I am not obligated to have it repaired, (but I will in some way have it repaired, at the latest before I turn it back in after lease, possibly painted by my neighbor).
Posted: Sun Oct 24, 2010 02:16 pm Post Subject: in a similar boat here...
Hi all, I've read through the responses here, and Lori, you seem very knowledgeable, maybe you can give me advice with a similar situation.
I have car that I am leasing and it was very recently vandalized. I am thinking of filing a claim and getting some estimates from insurers. Am I obligated to fix the damage? From what I read in this message thread, I am unsure (because the car is leased).
Ideally I'd like to get some estimates and have the insurance company send me a check to have it repaired. However, I have a neighbor who used to do vehicle restorations and he is quite handy with a paint gun and buffer.
Could I cash the insurance check and choose to just have my neighbor repair the car wherein I can just pay him cash or mow his lawn or other neighborly favor, (the check's value I assume would be at whatever the estimates were from the body shops). I thought of this when reading one of the earlier posts in the thread that indicated that I am not obligated to have it repaired, (but I will in some way have it repaired, at the latest before I turn it back in after lease, possibly painted by my neighbor).
Posted: Sun Oct 24, 2010 03:56 pm Post Subject:
Could I cash the insurance check and choose to just have my neighbor repair the car wherein I can just pay him cash or mow his lawn or other neighborly favor...
You already posted this as a separate thread, which is the correct way to post:
http://www.ampminsure.org/start/about14730.html#86312
Posted: Sun Oct 24, 2010 05:02 pm Post Subject:
Hey, yeah, I realized that posting a fresh post probably makes more sense. Thanks
Posted: Thu Jul 05, 2012 04:46 pm Post Subject: Car accident
I had an accident with my car, rear end it other car. My car had sustainable damage to the front, air bags deployed, frame damage and many others. The insurance decided that is not a total loss and wants to fix the car. The value of the car is 25k and the repairs to the car are 15 k. Can I refuse the car and tell them I don't want it anymore, so they can pay it off to the bank?
Posted: Sun Jul 08, 2012 04:33 pm Post Subject:
Can I refuse the car and tell them I don't want it anymore, so they can pay it off to the bank?
NO! It's not your game. You have a contract that tells you what the insurance company's responsibility to you is. Repair, replacement, or actual cash value. The choice is THEIRS, not yours. If you don't want the vehicle, let them repair it and then sell it. Use the proceeds to pay off your lender and any remainder can be used as a down payment on another vehicle.
Most states require declaring a vehicle a total loss only when the repairable damage exceeds 70% to 80% of the ACV. 15,000/25,000 is only 60% of ACV. Not even close to a total loss.
You could have a "diminished value" claim if, after repairs are completed, the vehicle would only sell if the price were set well below other similar vehicles without the damage.
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