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 Posted: Thu Jul 29, 2010 7:59 pm Post subject: Replacement vehicle for totaled SUV |
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I was hit by a driver who ran a red light which ended up with my vehicle being totaled by Allstate. Doesn't Allstate have to give me a replacement vehicle?
Background: driver was not the owner, but the owner is insured by Allstate. My vehicle was 1998 Ford Sport Explorer with 306,000 miles. Very well maintained and still in excellent condition. Allstate wants to pay only a small amount. I can't possibly buy a comparable vehicle for that small amount. Why should I have to incur a financial hardship due to someone else's negligence? The driver was cited for the accident.
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Helpless in GA
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| Posted: Fri Jul 30, 2010 2:13 am Post subject: |
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| Quote: | | Doesn't Allstate have to give me a replacement vehicle? |
A rental car may be. Allstate's only responsibility is give you the actual cash value of your vehicle. You then can take that settlement amount and purchase a replacement vehicle.
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Trench
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| Posted: Fri Jul 30, 2010 4:42 am Post subject: |
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| Quote: | | 1998 Ford Sport Explorer with 306,000 miles. Very well maintained and still in excellent condition. Allstate wants to pay only a small amount. |
If the amount Allstate is willing to offer has a comma in the check, take it and cash it before it cools off. If you could even find a "replacement" for your 12 year old vehicle with 300,000+ miles and in excellent condition, it would probably not cost more than $1,500.
Hope you weren't spending needless money on your own collision coverage for that vehicle.
And when it comes to the emotional attachment you obviously had for the vehicle, you can't even sue for that in Judge Judy's courtroom.
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MaxHerr
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| Posted: Fri Jul 30, 2010 8:17 pm Post subject: Replacement vehicle for totaled SUV |
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Thanks for your responses. Well - it didn't turn out well. Looks like the ins. co. gets to make $ on the salvage. It makes me sick that we took care of a vehicle and end up with a mere pittance. Expensive lesson learned - unfortunately the hard way.
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Helpless in GA
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| Posted: Fri Jul 30, 2010 8:17 pm Post subject: Replacement vehicle for totaled SUV |
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Thanks for your responses. Well - it didn't turn out well. Looks like the ins. co. gets to make $ on the salvage. It makes me sick that we took care of a vehicle and end up with a mere pittance. Expensive lesson learned - unfortunately the hard way.
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Helpless in GA
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| Posted: Fri Jul 30, 2010 8:26 pm Post subject: |
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| Quote: | | Well - it didn't turn out well. Looks like the ins. co. gets to make $ on the salvage |
Of course. You decided on a settlement amount for your vehicle, the insurer sells it at the current salvage value. It doesn't work any other way.
_________________
65% of the time, it works all the time.
Public and Private Adjuster for:
Auto, home, marine and transportation liability claims.
Consumer Advocate in auto collision repair.
Know your rights! Please visit us @
http://www.stopsteering.com |
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Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
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| Posted: Fri Jul 30, 2010 9:09 pm Post subject: |
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| Quote: | | It makes me sick that we took care of a vehicle and end up with a mere pittance |
Here's a different analogy:
We spend years and countless dollars to care for and raise our children. Some of us even foot the bill for them to go to college and "earn" a degree.
And what do we get in return? A college graduate who moves back home for the free rent, utilities, groceries, and laundry service.
A mere pittance, indeed.
_________________
CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers. |
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MaxHerr
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Joined: 29 Nov 2009
Posts: 4629
Location: Pomona CA
210.19 Dollars($)
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