well my lex got totaled today
02-02-04, 06:35 PM
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well my lex got totaled today
i had a 96 es300 with about 95,000 miles on it.
still drove like a brand new car and never gave me problems.
i got rear ended on I70 by an suv and that pushed me into another car in front....which pushed me into the left lane and got clipped and then pushed back into the right lane and got hit again by a 18 wheeler but he swerved enough so he only blew out a couple tires by grazing me.
i guess the most important thing is that im ok.....my face is banged and bruised from the airbag but i didnt break anything.
the car has to be totalled......i went to the hospital in an ambulance so i dont even know where they took it.....the police hasnt called me yet....ill be calling them tomorrow to file the report and claim my insurance.
i had full coverage with geico and i JUST paid it off a few months ago....i only had the car like two years.
anyone have any idea what kind of insurance settlement im looking at?
it was in good condition....just bought from the lex dealership two years ago for like 13,000 with 60,000 miles on it.
still drove like a brand new car and never gave me problems.
i got rear ended on I70 by an suv and that pushed me into another car in front....which pushed me into the left lane and got clipped and then pushed back into the right lane and got hit again by a 18 wheeler but he swerved enough so he only blew out a couple tires by grazing me.
i guess the most important thing is that im ok.....my face is banged and bruised from the airbag but i didnt break anything.
the car has to be totalled......i went to the hospital in an ambulance so i dont even know where they took it.....the police hasnt called me yet....ill be calling them tomorrow to file the report and claim my insurance.
i had full coverage with geico and i JUST paid it off a few months ago....i only had the car like two years.
anyone have any idea what kind of insurance settlement im looking at?
it was in good condition....just bought from the lex dealership two years ago for like 13,000 with 60,000 miles on it.
02-02-04, 07:27 PM
#2
Glad to hear you're well and sorry to hear about your car.
I am helping a friend of mine settle with her insurance company. She, too, totaled her car after some guy ran a stop sign and left the scene. Luckily, the guy was caught.
Her insurance and the opposing insurance only wanted to settle for low blue book value and did not want to consider fair market value. After a few persuasive phone calls to the adjuster and body shops (for repair estimates), we then presented them with 5 cars in the same condition as hers locally and their current retail prices at local dealerships. The adjuster commented that you can't argue with verifiable facts and that some companies know people will not go through the trouble to research values. Persistance pays off, just be reasonable.
I am helping a friend of mine settle with her insurance company. She, too, totaled her car after some guy ran a stop sign and left the scene. Luckily, the guy was caught.
Her insurance and the opposing insurance only wanted to settle for low blue book value and did not want to consider fair market value. After a few persuasive phone calls to the adjuster and body shops (for repair estimates), we then presented them with 5 cars in the same condition as hers locally and their current retail prices at local dealerships. The adjuster commented that you can't argue with verifiable facts and that some companies know people will not go through the trouble to research values. Persistance pays off, just be reasonable.
02-03-04, 09:56 AM
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Originally posted by iammikey
Glad to hear you're well and sorry to hear about your car.
I am helping a friend of mine settle with her insurance company. She, too, totaled her car after some guy ran a stop sign and left the scene. Luckily, the guy was caught.
Her insurance and the opposing insurance only wanted to settle for low blue book value and did not want to consider fair market value. After a few persuasive phone calls to the adjuster and body shops (for repair estimates), we then presented them with 5 cars in the same condition as hers locally and their current retail prices at local dealerships. The adjuster commented that you can't argue with verifiable facts and that some companies know people will not go through the trouble to research values. Persistance pays off, just be reasonable.
Glad to hear you're well and sorry to hear about your car.
I am helping a friend of mine settle with her insurance company. She, too, totaled her car after some guy ran a stop sign and left the scene. Luckily, the guy was caught.
Her insurance and the opposing insurance only wanted to settle for low blue book value and did not want to consider fair market value. After a few persuasive phone calls to the adjuster and body shops (for repair estimates), we then presented them with 5 cars in the same condition as hers locally and their current retail prices at local dealerships. The adjuster commented that you can't argue with verifiable facts and that some companies know people will not go through the trouble to research values. Persistance pays off, just be reasonable.
im bout to start searching around for ads for a vehicle similar to mines.
02-03-04, 10:38 AM
#4
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Insurance companies usually split the difference between retail value and wholesale value, but you can fight them if you're not satisfied with the settlement that they offer you.
02-03-04, 12:20 PM
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if you cannot come to an agreeable settlement HIRE A LAWYER. The insurance company has them, and their job is to pay as little as possible.
The fact that you JUST paid it off is a plus, because you were not under any payments at the time of the accident, so no foul play, even though you were not at fault, every little cookie counts.
Fight until your teeth bleed and get what you want, if they don't see eye to eye, get the lawyer involved. They will usually try and lowball as much as possible. That is the adjuster's job.
good to hear you are still alive and well.
The fact that you JUST paid it off is a plus, because you were not under any payments at the time of the accident, so no foul play, even though you were not at fault, every little cookie counts.
Fight until your teeth bleed and get what you want, if they don't see eye to eye, get the lawyer involved. They will usually try and lowball as much as possible. That is the adjuster's job.
good to hear you are still alive and well.
Last edited by O. L. T.; 02-03-04 at 12:20 PM.
02-04-04, 12:43 AM
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IMHO take 66-70% of the differance between the trade-in value & the PP seller.
Take it in two major steps.
FIRST Settle on what you want for the car & get that in stone.
Only AFTER that should you have him start on the pain & suffering. Which... For all that would be starting over 2 grand for me... Progressive paid me 1g without much fuss when I wrecked a '93 rolla b/c their idiot CX ran a stop sign!
*edit*
FYI We're all glad you're OK mainly, but a thread like this has hijacked written all over it!
Take it in two major steps.
FIRST Settle on what you want for the car & get that in stone.
Only AFTER that should you have him start on the pain & suffering. Which... For all that would be starting over 2 grand for me... Progressive paid me 1g without much fuss when I wrecked a '93 rolla b/c their idiot CX ran a stop sign!
*edit*
FYI We're all glad you're OK mainly, but a thread like this has hijacked written all over it!
Last edited by Toysrme; 02-04-04 at 12:45 AM.
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02-04-04, 06:40 PM
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They'll lowball you and stand firm--right up to the point where you acknowledge the game and how it's played.
Their job is to minimize the amount they pay out. You want what's fair. Those are two mutually exclusive objectives.
You need to manipulate the game so that they pay out what's fair.
If they won't pay what's fair, you need to create a new objective for them. Their new objective needs to be to get you to sign the release of liability. They can buy that from you, for what's fair. But you can't simply come out and ask them for the deal. You have to play the game.
Sometimes just insisting that you should see a doctor "just to be on the safe side" will get them to start thinking about minimizing their exposure some more. When they see their potential exposure suddenly go from $1000 to $100,000, they'll see $10,000 in a new light. They won't see it as way too much. They'll see it as what's needed to get you to sign the liability release. They'll suddenly decide it's an OK price to pay to get out of any more exposure to liability.
Their job is to minimize the amount they pay out. You want what's fair. Those are two mutually exclusive objectives.
You need to manipulate the game so that they pay out what's fair.
If they won't pay what's fair, you need to create a new objective for them. Their new objective needs to be to get you to sign the release of liability. They can buy that from you, for what's fair. But you can't simply come out and ask them for the deal. You have to play the game.
Sometimes just insisting that you should see a doctor "just to be on the safe side" will get them to start thinking about minimizing their exposure some more. When they see their potential exposure suddenly go from $1000 to $100,000, they'll see $10,000 in a new light. They won't see it as way too much. They'll see it as what's needed to get you to sign the liability release. They'll suddenly decide it's an OK price to pay to get out of any more exposure to liability.
02-04-04, 09:04 PM
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regardless i got a lawyer, im meeting with him tomorrow and he is referring me to his doctor.
my body is in bad shape right now.....its hard for me to even get out of bed.....my stomach muscles hurt so i have to like roll out of bed.
i was wondering if a lawyer helps me get pain and suffering, medical bills and the value of the car.....he gets a third of what insurance gives me for my car too? that dont seem right.
heres some more pictures
my body is in bad shape right now.....its hard for me to even get out of bed.....my stomach muscles hurt so i have to like roll out of bed.
i was wondering if a lawyer helps me get pain and suffering, medical bills and the value of the car.....he gets a third of what insurance gives me for my car too? that dont seem right.
heres some more pictures
I can imagine what would have been if it was a smaller car.