2006 FX35 totalled

D

diemz

Member
Long story short I fell asleep at the wheel. Fortunately it was insured and paid off. Hated to see it. It only had 100k on it.

Is anyone insurance savvy? They deemed it a total loss at $13.5 in repair damages. The options they have listed do not include several options such as navigation, tow pkg, moonroof, and premium 20" wheels. I'm concerned they are going to try to lowball me with something like $11,000. I paid $17150 a year ago for the car and they are selling in the range of 16.5 around here right now.

Also, if the buyback cost is only 10-15% I'm considering buying it back and parting it out. Opinions?
 
Sorry to hear.


Who is ur insurer? Damages only need to be about 75% of total cost to be written off as a lost.

U don't have to take the offer they give u, u have proof u paid that $17. Get some similar cars in the area and start there. If u got maintenance record, add those as well.

Normally I've been hearing good things from most companies. Their first offer is a fair offer and not a low ball. But again it always varies. Just gotta wait for the call.

The good thing is your still here posting about it. Hope u have no serious injuries.

Sent from my GT-I9505G
 
Thank you. I nearly sliced my ear in half on the windshield and a bunch of other cuts and bruises but otherwise I am very lucky.

I am with Progressive. So far the process has went VERY fast. Thanks for that info. I will do exactly that!
 
Yeah I don't know necessarily about the process with your insurance company or down in the US, but here in BC you just have to find other examples of similar vehicles listed on CL or in the local market and forward those to them and they will pay you out what they deem to be fair based on a series of factors.
 
That sucks man,
The best thing to do when dealing with insurance is to keep "squeaking", know what you want, what your car was worth, condition etc, and demand to get it. The more time you spend talking to them, the more willing to budge they will be. They have quotas and time monitoring. So if they don't give you what you deserve, and you keep spending time arguing(politely) with them, the more likely they will budge to get you off of their back. You can also elevate things to their manager, the adjustor will probably have an interest in not having you complain to his manager.
 
tomwetherald said:
That sucks man,
The best thing to do when dealing with insurance is to keep "squeaking", know what you want, what your car was worth, condition etc, and demand to get it. The more time you spend talking to them, the more willing to budge they will be. They have quotas and time monitoring. So if they don't give you what you deserve, and you keep spending time arguing(politely) with them, the more likely they will budge to get you off of their back. You can also elevate things to their manager, the adjustor will probably have an interest in not having you complain to his manager.
Click to expand...

Just to add to this, be reasonable. They understand that its an unfortunate situation to get caught up in, but getting emotional about these things doesn't help.

Sentimental value of the car, aftermarket parts, time spent wrenching, it being your first car, etc. These are things that may make you feel your car is worth more than it really is.

Just trying to keep you grounded in this, a lot of people (much like when they are selling houses) can't see past their own perception to the true value in something. The truth is blurred by their view of it.

Tom is unfortunately right though, while it sounds stupid and by anybody who deals with situations like these at work day-to-day its frustrating, the squeaky wheel gets the grease.
 
Dracula said:
or hire a lawyer
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Normally doesn't help too much because part of ur insurance contract is that u don't go to real court. U go to their arbitrary court, which is like kangaroo court. Their word is final. U shouldn't need it, this is a common car not a collectors.

Sent from my GT-I9505G
 
I don't know about the US but here inCanada when I had a similar issue. The insurance company had to give me arental while everything was being worked out. I only had the rental for 30days,they waited until the 30 days had almost expired and then made me a low balloffer. There was no way I could buy the exact same car with the same optionsfor the money they offered me.

Then I had to return the rental as they had now made an offer to settle thevalue of the car, so they tried to pressure me into taking the "lowball" offer. I did some research and found other cars with similar Km'sand options and they still would not give "reasonable value" for thecar.

I then had to go to the office of the "ombudsman" and within a few hours of filing mycomplaint I received a better offer to say the least. I would check if theinsurance company has an Ombudsman, the sole purpose of the office of theombudsman is to ensure fair practices are being employed by the insurancecompany.

Sorta like a governing body to ensure "fair" play between the biginsurance company and the average consumer. I was 21 at the time this happenedand (my voice was heard) so I would look into it if is the same or similarprocess in the US.
 
Wanted to give an update. Just received an insurance check for $17,450 which is fair considering it's a little more than I paid for the vehicle a year ago. They offered $10,900 if I wanted to keep the car. No thanks! Either way, I'm happy! Thanks everyone.
 
Good to hear. You kinda got your money back. Was that their first offer?

Ive keeping the fx would cost you $7k roughly. I see smashed ones around $5-7k all the time with under 100k.

Sent from my GT-I9505G
 
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