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Worried about Vette getting totaled

 
Old 05-31-2019, 05:10 PM
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Tim's88
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Default Worried about Vette getting totaled

Hi All,
The 88 Vette had a truck back into the front end in a parking lot. Now I'm worried that the insurance company may total it.

Has anyone else had issue with this? The body shop is saying that the hood needs to be replaced due to a crack. and the insurance company is now questioning the repair due to the age of the car. I'm keeping the car, no matter what! I need some advice!!!


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Old 05-31-2019, 05:23 PM
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Blackcorvette_85
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I would guess they will probably total it. With that said, just keep it and fix it yourself. I would buy a new (used) hood but probably save the bumper. If you watch your local craigs list /offer up ect you can find some used parts for a decent price normally if ya look a bit. Probably fix all of it for under 1k depending on how you did the paint
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Old 05-31-2019, 06:35 PM
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arbee
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If they total it, throw them the keys, grab the check and go buy another one. C4's are cheap and plentiful.
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Old 05-31-2019, 07:33 PM
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Tim's88
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Originally Posted by arbee View Post
If they total it, throw them the keys, grab the check and go buy another one. C4's are cheap and plentiful.
Unfortunately, this one was in almost new condition. We've only had to put just a small amount of $$'s in it. I will not be able to find one like this for the price I paid for it. I would prefer to just fix it Myself if I have too.
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Old 05-31-2019, 07:49 PM
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If they total it buy it back and fix it i did mine that way a couple of years ago fixed it myself
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Old 05-31-2019, 08:21 PM
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Originally Posted by Blackcorvette_85 View Post
I would guess they will probably total it. With that said, just keep it and fix it yourself. I would buy a new (used) hood but probably save the bumper. If you watch your local craigs list /offer up ect you can find some used parts for a decent price normally if ya look a bit. Probably fix all of it for under 1k depending on how you did the paint
Originally Posted by chevyman_ky View Post
If they total it buy it back and fix it i did mine that way a couple of years ago fixed it myself
Any you'll have a salvage title as a bonus.
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Old 05-31-2019, 11:45 PM
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Mr. Peabody
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You're not worried about selling the car for a profit as much as you found a good one and want to drive it for years.

If you can't talk them out of totaling it buy it back and put the remainder into fixing it yourself if your able or paying to have it done so that you can get back to enjoying the car. It's not a financial investment. It's something that gives you joy.
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Old 06-01-2019, 05:23 AM
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Polo Vert
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If they are going to total it, withdraw the claim and fix it yourself. Then you avoid having a salvage title.
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Old 06-01-2019, 06:37 AM
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your darn lucky yo know who hit it. Looks like a somewhat easy fix tho still somewhat expensive. Best of luck.
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Old 06-01-2019, 12:54 PM
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PM me and lets talk. I just had a very similar situation last month with my 91 ZR1. There is a way to work this and get your car back 100%. The insurance companies are designed to pay a little as possible so you have to know their system. Here is April 16, 2019 and May 23, 2019. The insurance paid 100% of the 12,800 repair at a Corvette specialist shop.

Last edited by billschroeder5842; 06-01-2019 at 12:59 PM.
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Old 06-01-2019, 10:38 PM
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In 2009 my 1988 5.0 Mustang was rammed from behind. I had owned it since new. Since it was over 20 years old the adjuster had no choice but total. Adjuster felt bad about it because of how nice it was maintained and he increased the value. I could have bought it back for $400 and the totaled value would have enabled me to rebuild it, but the more I thought about it I was worried it would never be the same. I think I know the thoughts you are having with the pros and cons
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Old 06-02-2019, 02:07 AM
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First find out what are your state laws regarding what insurance companies have to pay. Maybe your insurance agent can help with how the "system" works, since his company is not on the hook. When evaluating the "value" of your ride remember to include all "options" it has as well as condition.

When my prior '88 was hit and totaled a few years ago the perp's insurance agent had to go by strict NYS laws regarding how the car is evaluated.

Might be helpful for you to get a repair estimate from a shop of your choice.
And, they need replace the bumper cover, insist on a urethane one, not fiberglass.

Good luck, hope it works out for you.

Last edited by 65Z01; 06-02-2019 at 02:16 AM.
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Old 06-02-2019, 04:05 PM
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Dougs63
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Just wondering if situations like this can be avoided with classic car insurance and agreed value insurance?

The downside, or course, may be that the coverage is not suitable for daily drivers.

Just asking.
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Old 06-02-2019, 05:56 PM
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Originally Posted by Dougs63 View Post
Just wondering if situations like this can be avoided with classic car insurance and agreed value insurance?

The downside, or course, may be that the coverage is not suitable for daily drivers.

Just asking.
if your agreed insurance covers the damage, it gets fixed
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Old 06-03-2019, 09:29 AM
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Originally Posted by Mr. Peabody View Post
You're not worried about selling the car for a profit as much as you found a good one and want to drive it for years.

If you can't talk them out of totaling it buy it back and put the remainder into fixing it yourself if your able or paying to have it done so that you can get back to enjoying the car. It's not a financial investment. It's something that gives you joy.
Had a similar situation with my '95. The damage was all cosmetic and i had a $3,000repair estimate, but an inept or crooked adjuster ran the estimate and they wanted to total my car. They offered to total it for $11,00. I kept the car and they gave me $9,000. Got it fixed, looks better than before and I had an extra $5,000 for Christmas presents that year. The salvage title is meaningless to me, as I have no intention of selling the car. #2 granddaughter has dibs on it when i die :-)
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Old 06-03-2019, 01:16 PM
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Originally Posted by GRIS View Post
Had a similar situation with my '95. The damage was all cosmetic and i had a $3,000repair estimate, but an inept or crooked adjuster ran the estimate and they wanted to total my car. They offered to total it for $11,00. I kept the car and they gave me $9,000. Got it fixed, looks better than before and I had an extra $5,000 for Christmas presents that year. The salvage title is meaningless to me, as I have no intention of selling the car. #2 granddaughter has dibs on it when i die :-)
So instead of repairing it for $3000, they gave you $9000?
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Old 06-03-2019, 01:42 PM
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Originally Posted by 383vett View Post
So instead of repairing it for $3000, they gave you $9000?
I have had two such situations in my lifetime but in neither case did the insurance company offer me a payout three times what it would cost them to fix it. Something not right here.
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Old 06-03-2019, 09:34 PM
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If the car doesn't change hands its not salvage, in other words, if you don't sign title it not totaled. The incident may show up on vehicle history report. You are keeping car and accepting a fixed amount for repairs which may not cover total cost of repair. He could get lucky find a perfect color matching front end for $1500. Mother Nature is eating cars all over the country. If you don't like the offer, sue have all your documents pictures, receipts fortunately you aren't at fault.
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Old 06-04-2019, 09:03 AM
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Originally Posted by arbee View Post
I have had two such situations in my lifetime but in neither case did the insurance company offer me a payout three times what it would cost them to fix it. Something not right here.
Too true. Being old fashoned, I tried several times to tell them they were making a mistake. Nobody wanted to listen. Guess they were scared to admit they screwed up. My guess, and it's only a guess, is the adjuster, or a friend, was going to buy the totaled car, fix it, and sell it for a profit. Who knows---
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Old 07-07-2019, 09:41 PM
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Tim's88
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Well everyone. I know it's been a while, but we finally got the Vette repaired. I was able to find a Great shop and a hood, bumper and trim from the same car in the area. Only spent $850 on all three. The insurance co was very accommodating..

Thank you all for all your advice. See the before and after.

Tim.
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