Re: Another 68 charger totaled and question
[Re: moparx]
#2777649
05/24/20 11:14 AM
05/24/20 11:14 AM
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Joined: Dec 2007
Posts: 20,039 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
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Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,039
Puttin' on the foil in Charles...
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my one friend in new york state had a new challenger [with only 47 miles on it] broad side him in his 64 polara a few years back, and his policy allowed him to keep his car without a buy back. i know all companies are different, this was just his experience. It's nice that happened for your friend, but it had nothing to do with his policy. There is no policy out there, anywhere, that says "You may keep your totaled vehicle without any reduction of your settlement amount." His adjuster, and likely his adjuster's manager, chose to allow him to keep it without charging him for the salvage retention. They probably couldn't find any data to suggest what the salvage was worth, and also likely thought it was "just an old car," and made a business decision to pay out on the total and let him keep the car anyway.
Earning every penny of that moderator paycheck.
DBAP
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Re: Another 68 charger totaled and question
[Re: Rhinodart]
#2777650
05/24/20 11:16 AM
05/24/20 11:16 AM
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Joined: Dec 2007
Posts: 20,039 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
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Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,039
Puttin' on the foil in Charles...
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Two inspectors came by and appraised the car and I got what I thought was a fair offer after turning down the first one. He has an agreed value policy. If he goes through his insurance company, there's no offer, no negotiation. He gets the agreed value. If he goes through the at-fault driver's insurance company (assuming she has sufficient coverage), then he can attempt to negotiate a higher settlement if he feels their offer is too low.
Earning every penny of that moderator paycheck.
DBAP
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Re: Another 68 charger totaled and question
[Re: not_a_charger]
#2777661
05/24/20 11:49 AM
05/24/20 11:49 AM
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Joined: Sep 2003
Posts: 19,657 north of coder
moparx
"Butt Crack Bob"
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"Butt Crack Bob"
Joined: Sep 2003
Posts: 19,657
north of coder
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my one friend in new york state had a new challenger [with only 47 miles on it] broad side him in his 64 polara a few years back, and his policy allowed him to keep his car without a buy back. i know all companies are different, this was just his experience. It's nice that happened for your friend, but it had nothing to do with his policy. There is no policy out there, anywhere, that says "You may keep your totaled vehicle without any reduction of your settlement amount." His adjuster, and likely his adjuster's manager, chose to allow him to keep it without charging him for the salvage retention. They probably couldn't find any data to suggest what the salvage was worth, and also likely thought it was "just an old car," and made a business decision to pay out on the total and let him keep the car anyway. i think that's exactly what happened. they didn't want to be bothered with the effort to figure out what to do with the car, and it was in his driveway.
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Re: Another 68 charger totaled and question
[Re: 5thAve]
#2777662
05/24/20 11:54 AM
05/24/20 11:54 AM
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Joined: Dec 2007
Posts: 20,039 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
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Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,039
Puttin' on the foil in Charles...
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You should be able to buy it back especially since you've got collector insurance on it. That has nothing to do with it. If he owns it outright, it's up to him. If he has a loan on it, it's up to the leinholder.
Earning every penny of that moderator paycheck.
DBAP
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Re: Another 68 charger totaled and question
[Re: not_a_charger]
#2777677
05/24/20 01:30 PM
05/24/20 01:30 PM
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Joined: Jan 2003
Posts: 43,641 Round Lake Beach, Illinoisy
Rhinodart
Rhinotruck
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Rhinotruck
Joined: Jan 2003
Posts: 43,641
Round Lake Beach, Illinoisy
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Two inspectors came by and appraised the car and I got what I thought was a fair offer after turning down the first one. He has an agreed value policy. If he goes through his insurance company, there's no offer, no negotiation. He gets the agreed value. If he goes through the at-fault driver's insurance company (assuming she has sufficient coverage), then he can attempt to negotiate a higher settlement if he feels their offer is too low. True, my wife had an agreed to value and that is what she got for her 78 Pontiac T/A. She didn't have to buy her car back, they just let us keep it.
The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.
JB Rhinehart, Realist
A-Body's RULE!
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Re: Another 68 charger totaled and question
[Re: Neil]
#2777709
05/24/20 03:45 PM
05/24/20 03:45 PM
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Joined: Dec 2014
Posts: 5,960 ohio
ruderunner
master
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master
Joined: Dec 2014
Posts: 5,960
ohio
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I don't get people who don't want to use their insurance when something like this happens. YOU'RE PAYING THEM to do this stuff, get your money's worth.
As for buyback, it's certainly an option but without a number to work with everything is speculation. If the buyback is $1000 great, if it's $10000 maybe not.
Angry white pureblood male
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Re: Another 68 charger totaled and question
[Re: NITROUSN]
#2777759
05/24/20 06:23 PM
05/24/20 06:23 PM
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RWG75
Unregistered
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RWG75
Unregistered
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Only reason I say this is if the stated value is 50K and the repair estimate is 30K will they want to have it fixed? I don't know about collector car adjusters but with daily drivers it's cost to fix vs current value plus can the average shop lay hands on the parts required. I kinda doubt the average adjuster is gonna whip out an AMD catalog and say it's fixable. Ok, ya'll need a couple more catalogs but even less reason to believe they'd go through the effort. One look at the drivers side and it'll be straight to where should I send the check. see also: whatever collector car insurance company wrote the policy probably doesn't have an employee near by and will just sub out the leg work of a personal inspection. As for what's supposed to legally happen according to the letter of the policy vs some of the anecdotal experiences shared here, I think the truth lies some where in between. We paid you for your loss, we now own as it was when it got smacked is the basic black and white reality. On the flip side, every thing in life is negotiable and you don't have anything to loose by trying to make a deal.
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Re: Another 68 charger totaled and question
[Re: AndyF]
#2777777
05/24/20 07:11 PM
05/24/20 07:11 PM
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Joined: Jan 2003
Posts: 16,844 Between Houston & Galveston TX
SattyNoCar
Smarter than no class Flappergass by a mile
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Smarter than no class Flappergass by a mile
Joined: Jan 2003
Posts: 16,844
Between Houston & Galveston TX
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Good lord! If your car looks like that, how bad is her vehicle? Hope everything works out.
John
The dream is dead, long live the dream.......😥
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Re: Another 68 charger totaled and question
[Re: NITROUSN]
#2777779
05/24/20 07:13 PM
05/24/20 07:13 PM
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Joined: Jan 2003
Posts: 31,088 Oregon
AndyF
I Win
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I Win
Joined: Jan 2003
Posts: 31,088
Oregon
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As far as I know a lot of this insurance questions may vary from state to state. In most cases that car should be a total. With the stated value if its high enough they just may want to fix it. Only reason I say this is if the stated value is 50K and the repair estimate is 30K will they want to have it fixed? Based on what I've seen a couple of my friends go thru recently, even $50K would disappear pretty quickly if you hired a pro shop to fix that car. First you have to find someone who is willing to do that work and then you have to wait at least a year or two for the job to be finished up. If you took that car to a higher end Mopar shop the bill will most likely end up in the six figures by the time they were done with it. A buddy of mine is fixing a RoadRunner that got hit in the front. The damage looked pretty minor but so far to date he has billed the insurance company over $20,000. All of the front sheetmetal had to be replaced as well as the grille and bumper and core support and radiator. He also had to replace some of the front suspension, K frame, some engine parts, etc.
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Re: Another 68 charger totaled and question
[Re: ]
#2777780
05/24/20 07:18 PM
05/24/20 07:18 PM
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Joined: Jan 2003
Posts: 3,122 Auburn WA
Dave_J
master
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master
Joined: Jan 2003
Posts: 3,122
Auburn WA
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Rapom, I agree with most above, 'Not a Charger' more so.
But just a word of warning. Her insurance company may/will be searching social media and Forum pages so use caution on what you say.
Retired, US ARMY 1973-1994 ASE mechanic, Electrical 1994-1997 Retired GTE/VERIZON/FRONTIER 1997-2015
Posting cheap tech help (CRAP) here since Nov 97, 1000's of posts, some may be good.
03 Suzuki Burgman 650(Burger King) Scooter 65 Formula S Cuda 78 Little Red Express Truck 98 Buick Regal (wifes car)
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