accident advise

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PostPosted: Wed Jan 13, 2010 12:49 pm   Post subject:   

Don't mess around with stalling the repair process too much or you'll end up (rightfully so...sorry) footing some of the rental bill. The shop should by now know what they are looking as regarding the repair and have some idea of the possibility of supps, and to what extent that might be. If you are willing to accept (i assume you mean 18844)...they I'd have them do a complete tear down, get paid for the entire repair amount, then keep the repair money (should be within a grand or two of this 1Cool, and sell the car. Of course you are going to owe the shop, tear down etc. They may even be interested in buying it as a builder to sell.



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PostPosted: Wed Jan 13, 2010 3:02 pm   Post subject:   

08844 is a zip code in NJ =)

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PostPosted: Fri Jan 15, 2010 9:46 pm   Post subject: salvaging it myself  

Hi Lori, If i'm able to get someone (salvage yard) to buy it from me without repairing it. Does state farm need to know about this? and will they still pay storage charges if there are any? thanks.


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PostPosted: Fri Jan 15, 2010 10:31 pm   Post subject:   

Quote:
Does state farm need to know about this?
nope...
Quote:
and will they still pay storage charges if there are any? thanks.
probably but only up to the day that payment is made (after full tear down) you will have to pay the shop some tear down too most likely, unless of course they buy the car from you


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PostPosted: Mon Jan 18, 2010 5:24 pm   Post subject: claim update  

turned out the body shop didn't start the tare down last week so I pushed them to start today. However a salvage yard maybe interested in buying it from me and I will give them until tomorrow to decide as they're going to check the car this afternoon. I asked the salvage person if they end up buying it, will they have it fixed at that very shop or tow it away and he said tow it away. Therefore if that's the case, I'll have to talk to state farm about those storage charges, it's around $1500 now. Too many ifs.



You mentioned ins probably pays storage up to the day payment is made, do u mean when I make payment to the bodyshop or when ins. cut me a check? I have a check from them that's dated 1/8/2010.

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PostPosted: Mon Jan 18, 2010 6:12 pm   Post subject:   

The yard pays the storage fees.

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PostPosted: Tue Jan 19, 2010 1:18 am   Post subject:   

What Trench means is 'if' this yard buys your car they will pay the fees, and subtract them from what they agreed to pay you for the car...ie they agree to pay you 6500.00 they will give you 5000 and the shop the 1500 in fees...



I'd wait until I had a full estimate and payment...tell the adjuster RIGHT NOW that you are still not 100% certain that you will repair the vehicle. It depends on the extent of the damage..and you want to know AFTER tear down, 'if' additional damage is found...

1. when or how fast can they get an appraiser there for the supp

2. since you are unsure about repairing you want the supp made payable to you as well

3. they will be paying for the tow, storage and tear down up to and including the date they issue payment for the supp (right?).

4. tell them you will make your decision within 48 hours of the reinspection and/or supplemental payment.

5. that you will return the rental car within 24-48 hours after making your decision 'if' you chose to not repair



this of course negates, your dv claim



let us know what they say



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PostPosted: Tue Jan 19, 2010 3:28 pm   Post subject: claim update  

Thanks for those advise. It's very informative. I'm giving up the battle with state farm, it's like talking to a wall trying to get more money out of them for items that did not require a tare down such as torn trunk mat, broken seat support, simonize. .. etc. One of the team just told me to have the shop call them, they won't listen to me. And they told me they won't pay for storage charge since car is deemed repairable.



Regarding the salvage yard, they are interested, however he's trying to low ball me. I asked for $8500 and they're offering me $7500. I can't accept that considering storage charges and I can't wait until tare down so ins co will pay storage b/c there's no telling salvage will be still interested then . . . (i'm sure I can find someone. . . but more time consuming). He tells me he's going to sell it too. It's too much pain and I've given in, repair it is.

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PostPosted: Tue Jan 19, 2010 9:56 pm   Post subject:   

Quote:
repair it is.
probably the best choice...back to the DV claim Wink


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PostPosted: Tue Jan 19, 2010 11:48 pm   Post subject:   

Are you planning on hiring an independent to handle your DV?

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PostPosted: Fri Jan 22, 2010 1:18 am   Post subject: update  

the body shop won't charge me storage fee other than towing which ins already paid me for. I made a deal with a salvage place the body shop referred me to who will buy my car and flip it to an auction place. I just paid my loan off and now waiting for the title to arrive so I can make the transaction with my buyer. then it'll be time to look for a new car! DV sounds do-able but having been dealing with the Farm and the time and effort it will take I won't be looking forward to it. The agent had told me DV can't be based on assumed loss in value, has to be actual loss in value experienced which means I will have to get quotes from dealers like I'm trading it in.. . etc. Not something I will have the time for as I'm enslaved at work always.

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PostPosted: Fri Jan 22, 2010 2:10 am   Post subject:   

You should notify the insurer that you intend to place the car up for bid and give them an opportunity to bid on the salvage as well. Add your cost of repairs and salvage value, then subtract that from your pre-loss fair market value. Do not include items such as storage and any towing in the cost of repairs. Fair market value minus repairs plus sale of salvage and you have your loss in value. Insurers are always claiming you have to sell your vehicle before you realize your loss so, in effect, that is what you will be doing. It will not be presumed or a speculated loss after the sale.



You need no quotes from dealers. If you go that route, the insurer will then claim you suffered no loss and they can't help it if you lack the skill to negotiate for the value of your salvage. Do all of this in writing and be sure to get their responses in writing. If you choose to go to circuit court or small claims court to file a claim against the negligent driver, you will have to have correspondence in writing or it is the same as it was never spoken.



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PostPosted: Sun Jan 24, 2010 3:59 pm   Post subject: DV  

Mike,



Are you sure what you suggest won't work against me? All along adjusters on here have been telling me not to take too much time and move along with the repair. At this stage S.F. has cut me a check and deemed the car repairable. I took it upon myself to not repair and sell it as is. Your proposal sounds like I have some leverage to claim about $4500 in DV after crunching the numbers. But will SF find me negligible for not repairing with the check they paid me(eventhough it's based on a visual inpection only).



I realize I would file for DV if I go ahead with the repair anyways, but with the don't care attitue I've been getting with my dealing with SF, I'm not sure if they'll take me up on it. I suppose I'll fax or emailing something and see what happens. . .

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PostPosted: Sun Jan 24, 2010 6:29 pm   Post subject:   

Mike, since he is electing to not repair, a repairable vehicle...are you absolutely sure that he can proceed with the DV? with any hope of success, and in any timely fashion.



I know how most companys would respond to this... Sad



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PostPosted: Sun Jan 24, 2010 9:06 pm   Post subject:   

1) I would be more concerned that I'm not getting more help from my insurance company



2) I don't know how you could have been driving your vehicle legally with damages exceeding $15,000



3) If the Body shop is a Direct repair shop for the insurance company the Insurance company backs the shop's warranty. So if you don't like the repairs and you get nowhere with the shop you can call the insurance company to re-inspect and make sure the repairs are corrected.



I know of cases where the shop did not repair the vehicle correctly and the vehicle was taken to another shop to have the repairs done correctly.



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