Had an Altercation Today

[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