Total Loss

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Apr 2, 2002 | 11:31 PM

L48Shark

Thread Starter

Burning Brakes

Joined: Mar 2002

Posts: 769

Likes: 1

From: If you can read this, thank a teacher. If it is in English, thank a veteran.

Cruise-In IV Veteran

Cruise-In V Veteran

Total Loss

Thanks for all the support on the old "Wreck" thread regarding the accident I had in my '77 when someone pulled out in front of me. :cheers: I guess I owe you an update as was requested, so here it is. The car was totaled and I was offered $9,179.82. Not too bad considering I paid $10.5K 4 years ago and I have doubled the mileage since. However I would lose some investments, such as my aftermarket stereo, Cragar SS mags, chambered exhaust and the detailed engine. Besides that, I just couldn't let the car go. The salvage was valued at $1,990.65, so I bought it back and got the car and a check for $7,189.17 and I am satisfied with that.

Now that the car is totaled, I guess that means it is modification time! :D My plan is to recruit the help of a mechanic friend and transplant the engine and tranny to my '67 Chevy pickup. (It currently has a worn, late '70's Pontiac 400.) Then I will fix the Vette (custom front end?) and look for a big block or high output small block to drop in it. Sweet! :yesnod: It's going to be hard being without the car as show season ramps up, though. :(

-Ford

Apr 2, 2002 | 11:36 PM

paso

Burning Brakes

Joined: Dec 1999

Posts: 1,188

Likes: 1

From: Saskatoon Saskatchewan Canada

Re: Total Loss (L48Shark)

You Did okay. Plus If you part it out after you take what you need you'll be good. But buy another 77 and transfer the good stuff.:)

Apr 2, 2002 | 11:37 PM

TJRed76

Burning Brakes

Joined: Jan 2002

Posts: 1,007

Likes: 0

From: many sticks land of mountains

Re: Total Loss (L48Shark)

Not nearly as hard as if YOU were not here for the show season!
You've got the car and cash in hand to work on it. Good Luck.
Drive On,
TJ

Apr 3, 2002 | 05:47 AM

454Big

Burning Brakes

Joined: Aug 2000

Posts: 1,080

Likes: 1

From: Frankfurt, Taunus Hills

Re: Total Loss (L48Shark)

Hard to say congratulations for that what happened to you, but you did well!

The money will give you a little relief for that what happened.

Good Luck with your project! :cheers:

Apr 3, 2002 | 08:15 AM

Dalannex

Safety Car

Joined: Mar 2000

Posts: 4,077

Likes: 27

From: Northeast South Dakota

Re: Total Loss (454Big)

I agree with the rest that you did OK. You did alright because you got the car for a fair buy back and a reasonable amount of cash, and the insurance company did alright because they don't have to pedal off a wrecked corvette. Sounds like it worked out OK. Well, could have been a whole better deal, but considering the circumstances, it's OK. :crazy: You know what I mean. :cheers:

Apr 3, 2002 | 09:50 AM

VettePower

Melting Slicks

Joined: Feb 2002

Posts: 2,625

Likes: 0

From: Cut n Shoot TX

Re: Total Loss (Dalannex)

Who was the insurance company, and what type of coverage did you have?? I am sure glad you made out well, and it seems like the type of insurance company I would like to deal with!! :yesnod:

Apr 3, 2002 | 12:30 PM

Black68Vette

Pro

Joined: Feb 2002

Posts: 536

Likes: 0

From: Lutz FL

Re: Total Loss (L48Shark)

Frame off restoration time!

Apr 3, 2002 | 11:26 PM

L48Shark

Thread Starter

Burning Brakes

Joined: Mar 2002

Posts: 769

Likes: 1

From: If you can read this, thank a teacher. If it is in English, thank a veteran.

Cruise-In IV Veteran

Cruise-In V Veteran

Re: Total Loss (VettePower)

The insurance company was Nationwide. I have no idea what kind of coverage it was because I carry Allstate. My car was covered by the policy of the person who pulled out in front of me since he was at fault.