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 Posted: Tue Mar 04, 2008 8:34 am Post subject: Unavailable parts for repair |
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I own a classic sports car involved in an accident. Current ACV based on comparison vehicles is $52,000.00. Listed cost for OEM parts is roughly $31,000.00.
The problem is that some of the parts for repair are NLA ( no longer available ) and would require a significant amount of time to find the parts through salvage yards, private parties, etc.
Even though the threshold of 70 - 80% is not met, can the vehicle be considered as a Total Loss .
CAn the insurance company / body shop take an unlimited amount of time to repair the vehicle while waiting for parts ?
Thank you
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an xpert
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| Posted: Tue Mar 04, 2008 12:52 pm Post subject: |
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Good morning and welcome,
(I deleted one of your posts as it was listed twice)
This is always a problem with unique vehicles....The answer is yes/no/yes/no....Here's the deal, more than likely they will not total the car, if it's value is what you state, unless by saying 31k in parts, is parts only! if so the labor could he easily half again that much in which case it would likley total...
re: waiting on the parts...Adjusters just HATE these types of claims...(I know you do too and I don't blame you), a good adjuster will eventually find your parts, it will take some time, but I've never been totally 'skunked'...there are many speciality vendors, suppliers and collectors that will sell parts at a premium...could there be a long wait? yep there could....unfortunatley when we decide to drive unique vehicles we also know what might happen when we need parts for them...
Has anyone written a complete estimate yet? If so what is that amount (you appear to exclude labor)....it could be a moot point, and totaled...let us know the amount of repair and the acv was that determined by the adjuster or how did you arrive at that figure?
what is the vehicle ? (maybe i'll have lead on some parts  )
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Lori
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| Posted: Tue Mar 04, 2008 9:26 pm Post subject: |
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| Lori quick question on this one...If it takes a long time for them to find parts don't they have to supply him with another vehicle until his is fixed? |
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fireyone
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| Posted: Wed Mar 05, 2008 12:14 am Post subject: |
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The OP doesn't say if they are first or third party. If they are first party and have rental coverage then yes, but only till it hit it's limit, which is generally 30 days. If they are third party, more than likely 'IF' the vehicle is non-driveable.
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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| Posted: Wed Mar 05, 2008 11:12 am Post subject: |
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| Ok thats kind of how I thought. The original poster could carry that coverage on their won policy also. I think it's called loss of use. I put it on mine since hubby is always hitting deer. Thanks lori. |
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fireyone
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