How much does a wreck decrease value?
Melting Slicks
Joined: Oct 2010
Posts: 2,314
Likes: 4
From: Cape May, NJ; Guntersville, AL; Orange Beach, AL
Good luck getting anything from the insurance for loss other than just damage. I wish you luck but sounds like the damage (even though I'm sure is going to cost a lot to fix) isn't that bad. If you pay for one of the premium agencies they might work with you. If you use a discount insurer I don't think you are going to have much luck.
Le Mans Master
Joined: Sep 2004
Posts: 5,116
Likes: 5
From: Livonia MI
Maybe not so bad, if at low speed's. Think it's most important having a shop that can properly match the paint, because this will most likely affect resale more than anything. Also, if it's just damage to the car with no one injured, doubt the insurance will jack you around.
Drifting
Joined: Jan 2010
Posts: 1,305
Likes: 5
From: Schererville Indiana
Somebody's going to say it, so I'll just get it out of the way.
... That will buff out.
Actually, that non-stock hood would be a deal breaker with me. The damage, if it was professionally repaired, would not.
Good opportunity to go back to the stock hood... no offense, just MHO.
... That will buff out.
Actually, that non-stock hood would be a deal breaker with me. The damage, if it was professionally repaired, would not.
Good opportunity to go back to the stock hood... no offense, just MHO.
Melting Slicks
Joined: Jan 2007
Posts: 2,589
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From: Salisbury Maryland
Team Owner
Joined: Mar 2001
Posts: 25,013
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From: Manitoba/San Jose del Cabo
Cruise-In III Veteran
St. Jude Donor '11
Just being honest here....wouldn't touch it with a ten foot pole. There are too many out there in perfect shape, why would I be interested in one with a history, I am also going to have to sell it one day, and explain to some potential owner the bad news.........not interested. 
Le Mans Master
Joined: Feb 2002
Posts: 5,394
Likes: 281
From: cumming ga
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Le Mans Master
Joined: Feb 2002
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From: cumming ga
Instructor
Joined: Apr 2010
Posts: 204
Likes: 1
From: Northbrook Il
St. Jude Donor '11
Bell9440, Hold onto the body shop report for your records, have them take pictures for you once the body panels are removed to show the limit of the damage. They should be willing to do this for you. Once work is preformed, make sure that ALL panels align. Take it to a shop that works on Corvetts regularly and tell them up front, before the work is performed, that you expect the Corvette to be returned without flaw. If they can't promiss you that, take it to a shop that can.The above, is what my insurance company told me to do after we had an accident with one of our family cars. Impact was low enought not to set off the air bags, a good sign. Paint match is very impotant to you, let them know that. Then, let them do their work. Good Luck, I hope all works well.
Last edited by odysseus1; Feb 26, 2011 at 11:25 PM.
Melting Slicks
Joined: May 2002
Posts: 2,154
Likes: 27
From: West Des Moines Ia
Thanks for the photo. I think you are owed a Loss of Value. I suggest going to someone that buys and sells Corvettes, show them the photo and the repair est or final bill and have them tell you what the car was worth and could be sold for before the incident and then what you could hope to get for it after the incident. The difference equals your approximate Loss of Value... If some Ins Co has a forula for figuring this it would be very interesting to see it. But remember, its only there formula, nothing else. Good Luck...
Safety Car
Joined: Jan 2007
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From: San Antonio Texas
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Le Mans Master
Joined: Feb 2009
Posts: 5,169
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From: Your Sister's Bedroom
That accident doesnt look bad, but the problem is that the majority of corvette owners are very nit picky and with it being a serious buyers market, they will take the undamaged one vs the repaired one. Your only hope is to take it to a GREAT body shop, pay cash, and make sure it never shows up on a carfax and never disclose the damage. If its just body parts that are screwed up that shouldnt be that expensive to fix and there are enough people doing widebody conversions on these things that you should be able to find clean used parts with no problems and cheap. There are hoods, fenders and bumpers for sale on the board all the time and there usually VERY cheap.
Thread Starter
Advanced
Joined: Nov 2010
Posts: 56
Likes: 0
That accident doesnt look bad, but the problem is that the majority of corvette owners are very nit picky and with it being a serious buyers market, they will take the undamaged one vs the repaired one. Your only hope is to take it to a GREAT body shop, pay cash, and make sure it never shows up on a carfax and never disclose the damage. If its just body parts that are screwed up that shouldnt be that expensive to fix and there are enough people doing widebody conversions on these things that you should be able to find clean used parts with no problems and cheap. There are hoods, fenders and bumpers for sale on the board all the time and there usually VERY cheap.
Le Mans Master
Joined: Feb 2009
Posts: 5,169
Likes: 199
From: Your Sister's Bedroom
