Had an Altercation Today

[BIGJake111]

The diagram I shared here that I quickly made in Microsoft paint has basically won the case, the adjuster is having the officer to call her just to have a higher source agreeing on our side then the case will be closed, thank you ms paint!


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[BIGJake111]

http://986forum.com/forums/boxster-parts-sale-wanted/52070-totaled-boxster-parted-out.html

just linking these two threads togeather.

[JayG]

Originally Posted by BIGJake111

The diagram I shared here that I quickly made in Microsoft paint has basically won the case, the adjuster is having the officer to call her just to have a higher source agreeing on our side then the case will be closed, thank you ms paint!


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YIPEEE. Glad to hear that

Now you just need to make sure you get top $$ in the settlement

Find several Boxsters that are equal or better than yours and that is your basis for replacement cost. You want to have printouts of them with the selling price

also they should add in some $$ for your trouble as well as either a rental car or payment for the rental car

Remember, this was not your fault and you deserve to be compensated for your loss

[shadrach74]

Congratulations Jake!!! That's great news.

I'd not worry about a buy back right now. Focus on maximizing the gross settlement. I'm betting the settlement will end up between $10,000and 11,000. Calculated salvage value will likely be between $2000-3000. Depending on state law a buy back will mean mandatory salvage title. If you can walk away with $8,000 and your car, I'd keep it and part it out (if you have room to store it...it takes months/years to fully part out most vehicles).

[BIGJake111]

Good news is, looking on the market, there are cars with nearly 200k miles going for 9k... could easily get 10 or so without even fighting it, then after fighting it and adding in glass top, rental car, and having principle and teachers testify against the stress and such. In the end with all of that i could honestly see getting 11k or so market value. After that we belive we have examples of tottalled cars that will allow us to buy mine back for around 2k. Sell the top, engine, and trans. And i should turn a profit... Good news is while the boxster market seems actually pretty high up right now from when i was buying last year, the gap between a normal car and an S has went down. I could very very well find myself driving an S soon! And i will still have the left overs of me 2.5 car to continue selling or to just send off whatever is left for like 1k or so.

[Parrot356]

Not sure how it works in S Carolina, but don't forget to ask to be compensated for what it will cost for taxes and registration on the new car. Both are part of the buying process and need to be compensated for not just what you can find cars selling for in ads.

[BIGJake111]

Originally Posted by Parrot356

Not sure how it works in S Carolina, but don't forget to ask to be compensated for what it will cost for taxes and registration on the new car. Both are part of the buying process and need to be compensated for not just what you can find cars selling for in ads.

They give you the money back for the previous cars taxes and such and that goes towards the next one, Really the cars in the market are much higher then KBB or Edumunds, so i hope they go by what is selling in the area instead, but after they determine what they are selling for we still will not settle as my car has a glass top which is the main reason i bought this specific car and will be made whole so that i can buy another with a glass top or have the money to add one. As well as reimbursement for the loner car that i would have been driving if i was of age, and we will see if we can do anything about the other drivers "harrasment"

[Timco]

File a small claims suit for the harassment. Try to get it picked up by Judge Judy. She'll tell him!

[BIGJake111]

Haha hopefully we will be moving forward by Tuesday, looking at market value and such, we may pass on parting out the car because we may get enough to be happy without.


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[BFeller]

Originally Posted by BIGJake111

Haha hopefully we will be moving forward by Tuesday, looking at market value and such, we may pass on parting out the car because we may get enough to be happy without.


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Before you officially pass on buying it back would you PM me the price - I would consider parting it out myself.

[BIGJake111]

Originally Posted by BFeller

Before you officially pass on buying it back would you PM me the price - I would consider parting it out myself.

Sure, I would not mind doing that.


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[BIGJake111]

Just an update, the liability is still not resloved, we mustered up a police report from a few friends but unless they can directly contact the cop they are trying for 80/20 liability. Essentially everyones worries about both parties having the same insurance being a problem may come true, other wise what is it to them over an 80/20 when in South Carolina the state pays back deductibles if the claims is anything over 50/50. The company sees an opportunity to have two 16 year olds take out claims therefore increasing our rates, in that case no one wins but the insurance company, we are not settling for this and will not accept anything other than the other party having 100 percent liability.

This is why monopolies are bad.

[JayG]

Originally Posted by BIGJake111

Just an update, the liability is still not resloved, we mustered up a police report from a few friends but unless they can directly contact the cop they are trying for 80/20 liability. Essentially everyones worries about both parties having the same insurance being a problem may come true, other wise what is it to them over an 80/20 when in South Carolina the state pays back deductibles if the claims is anything over 50/50. The company sees an opportunity to have two 16 year olds take out claims therefore increasing our rates, in that case no one wins but the insurance company, we are not settling for this and will not accept anything other than the other party having 100 percent liability.

This is why monopolies are bad.

Don't accept any liability as it was not your fault. Lawyer up and take them to court

[BIGJake111]

Finally resolved, other idividual is 100% at fault, now the insurance company calls us saying they are sending a 5k check, heck no haha, having the car towed for a proper appraisal today.


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[shadrach74]

Originally Posted by BIGJake111

Finally resolved, other idividual is 100% at fault, now the insurance company calls us saying they are sending a 5k check, heck no haha, having the car towed for a proper appraisal today.


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Start documenting comparables within a 200mile radius.

[BIGJake111]

Originally Posted by shadrach74

Start documenting comparables within a 200mile radius.

already done a while back, but the 5k is not my cars value, it is how much they want to spend to fix my car, they claim 5k is half of what it is worth which i am pretty happy with them saying value is 10 to 11. however, i am not wanting to deal with depreciation and such of having a car fixed with this much damage, sending it to a shop that works with porsches and such often and will properly appraise the car, then hopefully it will be totalled.

[JayG]

Originally Posted by BIGJake111

already done a while back, but the 5k is not my cars value, it is how much they want to spend to fix my car, they claim 5k is half of what it is worth which i am pretty happy with them saying value is 10 to 11. however, i am not wanting to deal with depreciation and such of having a car fixed with this much damage, sending it to a shop that works with porsches and such often and will properly appraise the car, then hopefully it will be totalled.

Tell them the $5k is for the wheels, tires and top. What about the rest of the car?.

They are low balling you, probably based on wholesale blue book. They need to give you full replacement cost and on top of that you should get compensated for loss of use as well as the hassle you have gone through. Generally they should give you a grand or two over replacement cost. Remember replacement cost is what another Boxster comparable to what you lost costs, not book value.

If you had been at fault, the ins company might have to only give you book value, but since. You were not at fault, it is different.

Also be sure you don't sign anything absolving the other party of liability until you are made completely whole. You can always take the other party to small claims for the amount over what the ins company finally gives you to replace your boxster with a comparable one

[Timco]

Originally Posted by JayG

Tell them the $5k is for the wheels, tires and top. What about the rest of the car?.

They are low balling you, probably based on wholesale blue book. They need to give you full replacement cost and on top of that you should get compensated for loss of use as well as the hassle you have gone through. Generally they should give you a grand or two over replacement cost. Remember replacement cost is what another Boxster comparable to what you lost costs, not book value.

If you had been at fault, the ins company might have to only give you book value, but since. You were not at fault, it is different.

Also be sure you don't sign anything absolving the other party of liability until you are made completely whole. You can always take the other party to small claims for the amount over what the ins company finally gives you to replace your boxster with a comparable one

Full replacement compensation is a special type of policy. Otherwise it's BB value and comps. He is definitely being low balled and it's disgusting.

You are owed BB plus any other losses or comp value (comp value includes performance mods) or dime for dime what the exact repair costs. If they don't want to pay top BB value due to new top and such, and they are not even asking what the ACTUAL repair estimate is, attorney time. Ask them where in the hell they came up with half of the total value as the repair cost!! I've never seen a body shop say gee, let's just say half of the car's cost. There's going to be a real number associated with fenders, door, paint, rim, BB value loss for a collision being listed on Carfax and more. Ask them what, is this a game show ?? Am I speaking to Monty Hall????