Shark hit, maybe totalled
09-28-2005, 07:51 PM
#16
Chronic Tool Dropper
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Jessa--
Find a comparable replacement, get the cost, and submit that to the other party's insurance SAP. That's your claim. After that, it's just the arguing. Thay 'stole' your car, so they are on the hook to replace it. In the meanwhile, get their authorization for you to rent a comfortbale car to use while they figure out how to cut the check. TELL them how much the rental will cost, and that you need them to pay for it directly so you have no more out-of-pocket.
In my recent expereinece, they will try to convince you that the cheapest three other 928's that they find on Autotrader in your area establish the 'replacement cost'. You will counter with three other cars that bracket or exceed the comparable replacement you have nominated. You'll also want to "update" that settlement as the cars you nominate are sold off.
Remembere that they will need to pretty much put the new car in your driveway with no excess aggaravation to you. When an insurance company suggested that I go look at a low-ball Auto-Trader car, I instead recommended that they buy it and drive it by my office so I could decide if it would be OK. They wouldn't pay my normal rate to go look, so I put the burden oon them. In the end, I was a big enough pain to them that they settled for my replacement claim, plus a payment equivalent to almost five months of rental car expense for the time they danced around settlement.
You can hire a lawyer to do this for you, by the way. You may threaten to do so to expedite a settlement. Set a deadline where they must settle before some reasonable time has gone by, after which the sharks will be loosed on them. They will try to convince you that they don't deal with attorneys, but you need to tell them that you normally don't deal with claims adjusters-- that's why you have an attorney.
Stick to your guns, get a fair settlement.
Find a comparable replacement, get the cost, and submit that to the other party's insurance SAP. That's your claim. After that, it's just the arguing. Thay 'stole' your car, so they are on the hook to replace it. In the meanwhile, get their authorization for you to rent a comfortbale car to use while they figure out how to cut the check. TELL them how much the rental will cost, and that you need them to pay for it directly so you have no more out-of-pocket.
In my recent expereinece, they will try to convince you that the cheapest three other 928's that they find on Autotrader in your area establish the 'replacement cost'. You will counter with three other cars that bracket or exceed the comparable replacement you have nominated. You'll also want to "update" that settlement as the cars you nominate are sold off.
Remembere that they will need to pretty much put the new car in your driveway with no excess aggaravation to you. When an insurance company suggested that I go look at a low-ball Auto-Trader car, I instead recommended that they buy it and drive it by my office so I could decide if it would be OK. They wouldn't pay my normal rate to go look, so I put the burden oon them. In the end, I was a big enough pain to them that they settled for my replacement claim, plus a payment equivalent to almost five months of rental car expense for the time they danced around settlement.
You can hire a lawyer to do this for you, by the way. You may threaten to do so to expedite a settlement. Set a deadline where they must settle before some reasonable time has gone by, after which the sharks will be loosed on them. They will try to convince you that they don't deal with attorneys, but you need to tell them that you normally don't deal with claims adjusters-- that's why you have an attorney.
Stick to your guns, get a fair settlement.
09-28-2005, 08:45 PM
#18
Advanced
Were you hurt, if so did you see a dr. if not when did wreck happen? GO SEE A DR. ANYWAYS. the insurance will cover it. I have a SNAAB 9000 areo that was t-boned last winter... fought with insurance for about 3 weeks..would not take less then what car booked for, and I got it, I had to call farmers union corp. office but i got the $$.(spent most $$ on shark wheels 18") then since i smacked my head on b pillar I got more $$(spent that on student loan and doors for the SNAAB). Point is I would not have got S*&% if I had settled for a minimal amount when I knew what my car was worth. As for the health $$ i asked the agent what was a concusion worth to him, how much would he want, he came up with a generous $7700. Good luck
-todd
-todd
09-28-2005, 09:22 PM
#19
Rennlist Member
Dr. Bob is right. If you are not hurt, do not attempt to leverage a settlement based on a fraudelent medical "apin and suffering" claim. Save that one for when you are really hurt!
Glad you are ok.
Best to you,
Marc
Glad you are ok.
Best to you,
Marc
09-28-2005, 11:37 PM
#21
Racer
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Parts cars are cheap and tend to have excellent to perfect bodies - though rotten paint. You would have ha to really pound it good not to justify a rebuild on front end cosmetic damage. If yours in 86 or earlier, a full parts car is under $1,000 and even less if really trashy.
A total roll over from your car to another is a chunk of more work, but is all bolting stuff. Everything would move over. I bought a motorless hardtop 79 5 speed for $750 late last year and there is usually a give or take a bit $1000 parts early model 928 on ebay at any given time - often in the parts listings give how much ebay charges to list a car.
You need PORSCHE people (PCA type folks) to estimate the value of your 928 - as most 928s are in fairly poor condition (need paint, new leather, ac out etc, etc) and PCA could certify yours was into the restored show car category and give you PORSCHE price estimates as to the total car value - and upon that keep the car for a couple hundred $$ totalled value and then go with a front clip etc etc off a parts car. Might save enough to put a fully body kit on it...
Then all you need is a frame shop to pull it straight, things like radiator (cheap on ebay), a hood ($100 on ebay) and the hours to but on one of those French widebody kits or such as they come with fenders, front spoiler, etc... Fenders are ebay cheap. Almost all frontal body parts are cheap.
It doesn't take a Porsche shop to bolt on a fender or paint a car.
Mark
A total roll over from your car to another is a chunk of more work, but is all bolting stuff. Everything would move over. I bought a motorless hardtop 79 5 speed for $750 late last year and there is usually a give or take a bit $1000 parts early model 928 on ebay at any given time - often in the parts listings give how much ebay charges to list a car.
You need PORSCHE people (PCA type folks) to estimate the value of your 928 - as most 928s are in fairly poor condition (need paint, new leather, ac out etc, etc) and PCA could certify yours was into the restored show car category and give you PORSCHE price estimates as to the total car value - and upon that keep the car for a couple hundred $$ totalled value and then go with a front clip etc etc off a parts car. Might save enough to put a fully body kit on it...
Then all you need is a frame shop to pull it straight, things like radiator (cheap on ebay), a hood ($100 on ebay) and the hours to but on one of those French widebody kits or such as they come with fenders, front spoiler, etc... Fenders are ebay cheap. Almost all frontal body parts are cheap.
It doesn't take a Porsche shop to bolt on a fender or paint a car.
Mark
09-29-2005, 12:12 AM
#22
928 OB-Wan
Rennlist Member
Rennlist Member
Jessa,
so sorry to hear this, let's hope it's repairable
if it comes to giving them comp examples to get full value for total loss go here http://www.collectorcartraderonline.com/
there are always many overpriced cars to counter their underpriced ones
let me know if I can help with this in any way
so sorry to hear this, let's hope it's repairable
if it comes to giving them comp examples to get full value for total loss go here http://www.collectorcartraderonline.com/
there are always many overpriced cars to counter their underpriced ones
let me know if I can help with this in any way
09-29-2005, 12:33 AM
#23
Sniff, boo-hoo...
Major bummer Jessa.
I spent three months dragging my feet after Zack wrecked Snowball's ex -White. I spent a lot of time convincing Zack that My work was predicated on HIS commitment to helping.
He was balking because he could not believe it was repairable, but I convinced him that looks can be decieving.
Almost 6 weeks of the delay, however, was due to the frame shop lying, then bungling.
When they finally completed the work(sic) they wouldn't let me use the shop trammels so I found a stick in the alley way and demonstrated to them that their work was 5/8 of an inch off horizontally. and 3/8 of an inch off vertically, they had not welded the aluminum support at front of the frame.
No matter now. Zack's sHARk runs, and handles extremely well. We did the lion's share of the work. OJT/and learn as you go.
You can probably do the work with common hand tools augmented by a few special/homemade tools. We used wood and mallets to straighten the inner fender lips to approximate the original fender lines before removal.
We photographed everything in situ and made a 3 ring binder removal pictoral,
We not only bagged and tagged every component but also the hardware.
Virtually all spares were drawn from my collection, fog lamps, headlight buckets turnsignals, marker lamps. All from fellow Rennlisters parting out their donor sHARKs.
We did purchase a hood, bumper shock, and one hood hinge, odds, and ends. Some from Renn some from 928 INTL. We did it on the cheap with the only drawback being the replacement hood (red!) needs repainted and until the hood is done we won't be completing the washer system.
We did a great job of aligning the hood/fenders/and doors. We amazed ourselves.We saved our sHARk , learned alot about how 928's are put together. And made a believer out of Zack.
Don't be overconfident but, don't under-estimate yourself. If it can be done you should be able to handle the job.
Good luck on this from a commiserating BTDT.
Major bummer Jessa.
I spent three months dragging my feet after Zack wrecked Snowball's ex -White. I spent a lot of time convincing Zack that My work was predicated on HIS commitment to helping.
He was balking because he could not believe it was repairable, but I convinced him that looks can be decieving.
Almost 6 weeks of the delay, however, was due to the frame shop lying, then bungling.
When they finally completed the work(sic) they wouldn't let me use the shop trammels so I found a stick in the alley way and demonstrated to them that their work was 5/8 of an inch off horizontally. and 3/8 of an inch off vertically, they had not welded the aluminum support at front of the frame.
No matter now. Zack's sHARk runs, and handles extremely well. We did the lion's share of the work. OJT/and learn as you go.
You can probably do the work with common hand tools augmented by a few special/homemade tools. We used wood and mallets to straighten the inner fender lips to approximate the original fender lines before removal.
We photographed everything in situ and made a 3 ring binder removal pictoral,
We not only bagged and tagged every component but also the hardware.
Virtually all spares were drawn from my collection, fog lamps, headlight buckets turnsignals, marker lamps. All from fellow Rennlisters parting out their donor sHARKs.
We did purchase a hood, bumper shock, and one hood hinge, odds, and ends. Some from Renn some from 928 INTL. We did it on the cheap with the only drawback being the replacement hood (red!) needs repainted and until the hood is done we won't be completing the washer system.
We did a great job of aligning the hood/fenders/and doors. We amazed ourselves.We saved our sHARk , learned alot about how 928's are put together. And made a believer out of Zack.
Don't be overconfident but, don't under-estimate yourself. If it can be done you should be able to handle the job.
Good luck on this from a commiserating BTDT.
09-29-2005, 11:29 AM
#25
Range Master
Pepsie Lite
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Pepsie Lite
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I'm not letting Gretch back in the city anymore......It is so much safer for her out in the country. Sorry to hear the shark got creamed......my shark flag is at half mast.
09-29-2005, 11:38 AM
#26
Rennlist Member
You probably need to decide whether you want to go the repair route, or if you're willing to part with this car & get a comparable replacement.
If you're having trouble getting the insurance adjuster to recognize the repairs, upgrades and replacements that you had done to the car, as well as the well-above-average condition of your car, and your valuation of the car (based on realistic comps) then go with Dr. Bob's route:
He's right on. Put it on the the adjuster to show you why the car you picked isn't comparable with your car. His lack of knowledge when it comes to 928s will show through.
There are also some things you may need to do in the way of educating the adjuster. Like docmirror says:
Was your car ever hit prior? Original paint? Original interior?...all the things that somebody buying a classic or collectible car desire and pay for. It can't hurt to get the seller of a comparable car to provide you with a written description of the car that itemizes the similarities to your car that add value (original paint, no accidents, 'rare and desirable 5-speed' unique paint and interior combination, low mileage..whatever the similarities might be).
In any case, have everything documented to give to the adjuster. He's got to cover his *** and justify his decision if he meets your number.
One thing that I'd be careful of...don't assume that you won't have a fight w/the insurance company for reimbursement of a lux. premium rental car (even though you're really entitled to one). I'd talk to somebody very familiar with this particular insurance company to find out just how they reimburse for rentals, and how to optimize your position without giving them leverage. You don't want an additional fight with them over what kind of rental you drove.
Good luck & stick with it. It takes some time, research, and persistence to get these guys to come around.
If you're having trouble getting the insurance adjuster to recognize the repairs, upgrades and replacements that you had done to the car, as well as the well-above-average condition of your car, and your valuation of the car (based on realistic comps) then go with Dr. Bob's route:
Find a comparable replacement, get the cost, and submit that to the other party's insurance SAP. That's your claim. After that, it's just the arguing.
There are also some things you may need to do in the way of educating the adjuster. Like docmirror says:
Your's is a 5 speed, so make sure that they understand the financial differences in that rare and desirable option.
In any case, have everything documented to give to the adjuster. He's got to cover his *** and justify his decision if he meets your number.
One thing that I'd be careful of...don't assume that you won't have a fight w/the insurance company for reimbursement of a lux. premium rental car (even though you're really entitled to one). I'd talk to somebody very familiar with this particular insurance company to find out just how they reimburse for rentals, and how to optimize your position without giving them leverage. You don't want an additional fight with them over what kind of rental you drove.
Good luck & stick with it. It takes some time, research, and persistence to get these guys to come around.
09-29-2005, 11:43 AM
#27
928 Collector
Rennlist Member
Rennlist Member
Jessa, I am sorry for your loss. I hate to see 928's whittle down to fewer and fewer. Yours looks to have been gorgeous. I'd take the money and repair her. Get a lawyer.
09-29-2005, 11:46 AM
#28
Burning Brakes
Originally Posted by dr bob
... In the end, I was a big enough pain to them that they settled for my replacement claim, plus a payment equivalent to almost five months of rental car expense for the time they danced around settlement.
Stick to your guns, get a fair settlement.
Stick to your guns, get a fair settlement.
It's all about time and money; they want to spend as little as possible of both. The longer you stand firm, the higher they will (have to) go to settle the claim. However, you also have to treat their offer(s) somewhat like an Ebay auction - once they hit your "reserve", you may need to end it. Good luck!
David
09-29-2005, 11:51 AM
#29
Race Director
Jessa
Porsche Excellence had an article last year that listed the "values" of 928's. It showed an overall increase in 928 values as a whole and all the prices listed were higher than KBB or intellichoice. I don't have it nearby right now, but I could look it up for you later! Get a copy of that magazine and show that to the insurance company!
Another thought is if you can keep the car after they total it. The remaining good parts will generate quite a bit of $$ since your car was in such good condition.
Porsche Excellence had an article last year that listed the "values" of 928's. It showed an overall increase in 928 values as a whole and all the prices listed were higher than KBB or intellichoice. I don't have it nearby right now, but I could look it up for you later! Get a copy of that magazine and show that to the insurance company!
Another thought is if you can keep the car after they total it. The remaining good parts will generate quite a bit of $$ since your car was in such good condition.
09-29-2005, 12:08 PM
#30
Rennlist Member
I know a classic/collectible car appraiser in the DC area who may be able to help you by providing an accurate source of valuation in writing.
Kelley BB is a joke. According to them, if you're in the market for a '95 GTS 5-speed with 26k on the clock in excellent condition, be prepared to pay (drumroll) $28,075 . I want mine. Anybody else?
Kelley BB is a joke. According to them, if you're in the market for a '95 GTS 5-speed with 26k on the clock in excellent condition, be prepared to pay (drumroll) $28,075 . I want mine. Anybody else?