1gen

iTrader: (1)

Well the car got claimed as a total loss, and the hood went with it (for those of you that know it) after all the adjustments for the hood, rims, and tires and low mileage and a bit of negotiating I got only got 24300 AFTER the $500 deductable it was way more than I couldve asked for and I'm really happy with the insurance company for the pay off number. It looks like I wont be in the scene anymore for a while but I'll probably stop by the meets sometimes for old times sake and still be on Tech and SSU and here in a couple of years I'll probably buy myself a toy

TATER

For that kind of money, buy another one and have cash left over. Then you don't have to leave the scene.
Congrats on the "lottery win"

Gun5

iTrader: (37)

GODDAMN.. i got a new motor, tranny, rearend, suspension with all reciepts around $6-7k plus a fiberglass ram air hood $700.. then a bunch of stuff i dont have reciepts for another 2-3k then the car itself. and i heard i'd only get 4-5k

i was thinking bout keyin the car or somethin for some new paint

Patrick G

iTrader: (14)

Let's not advocate insurance fraud...it costs us all in the long run.

nickdotcom

iTrader: (9)

whos your insurance with? i have farmers and they gave me more for my old Z28 than i paid for it to begin with

Splitz

iTrader: (1)

Exactly....good point....but I'll elaborate...

For the people that do want the "Big Payout", understand what Insurance Companies are in business for....to MAKE money, not by paying it out.

So they gave you nearly $24k for your vehicle. That means that the insurance company must raise everybody ELSE'S rates to "recoup their losses" from your vehicle.

Think of it that way!

2002C5COUPE

iTrader: (3)

I may not know the whole story, but how would this be considered fraud?

Did he misrepresent something? Just because the insurance company gave him that much it doesn't mean it's fraud.

Insurance companies usually don't give people enough to compensate for their total loss, so i don't believe a few people coming out pretty good every now and then has a dramatic effect on our rates.

I think the houses bought by the insurance companies for their agents has more of an effect on our rates.

I'm sure they didn't start offering him that much money. It usually takes a lot of work negotiating with adjusters to actually get a decent payout for a totalled or stolen vehicle.

98_1LE

iTrader: (17)

I don't advocate insurance fraud either. That is a lot more than I expected they would have paid.

THE_SUPRA

im pretty sure he is referring to the guy who said he is thinking about keying his own car.

clean99

thats pretty sweet, even though my insurance rates are through the rooof! and i have no tickets or accidents at all. I guess thats what happends when your young. I guess it inspires work ethic........as in go out and get ur *** a job to pay for your insurance lol

Patrick G

iTrader: (14)

Yeah, I was referring to the guy who commented on keying his car to get a new paint job.

Pewter02TA

Jackass's

Donohue96M6Z28

iTrader: (64)

ha. and you were only asking $19k in your FS thread. Good thing you didnt sell it before.

Gun5

iTrader: (37)

ok ok someone can come by and do it im jfwy i couldnt do that to my baby to begin with but seriously how do u get a company to pay out like that i'v rebuilt it mechanicaly front to back and am repaiting it this summer.. and when some dumb drunk bitch hits it or it gets hit no fault and they cut me a check for $6k what do i do?

1gen

iTrader: (1)

well they put the value of the car at around 22.5 (which is what I payed for it two years ago when it had 17K miles) and I gave them the recepts for about 5K in the hood, rims and tires and they only gave me about a 1/5th of that amount because they called them "preference items". I was still happy with the pay off, they said there was around 16K worth of damage from what I did, mostly on the underside

1gen

iTrader: (1)

lol that's what I thought, when they gave me the number I was like well they might as well take the hood since I was selling for 19.5 and the hood wouldve gone with it then

camracingah

So which insurance company do you roll with? I want to know who to blame. LOL Did you have the tires/rims "extras" covered? I don't know that my company would take that into account or care for that matter.

2002C5COUPE

iTrader: (3)

You need to have it appraised by a professional custom/antique car appraiser (usually doesn't cost that much). I believe they'll basically say it's worth what you think it is worth. Then take that appraisal by your ins. co. and let them know it's actual value.

There might be a possibility of your premiums going up a little, imo it's well worth it

i had $17k in receipts on my mustang when it was stolen. i learned all of this info ^^ the hard way.