kh24

Well that accident last week caused over 18k in damage and they are gonna total the car out. Book value they say is $25,000 based on a car with over 100k miles. Mine has 12,789 on it so they estimate the payoff to be between 28 and 30k. I think I would be ok with anything over 30k but definitely do not want to settle for something in the 20s at all. The adjuster did note the condition of the car was better than new in all areas he inspected. This just really sucks. This car was my first brand new car and im the original owner of it. It is a sad sad day.

Daddyrama31

Have them fix it if there is no frame damage. Insurance is going to give you nothing for such a beautiful car.

damilleniumboy

Sad to hear; how did the accident happen?

J Z06

very sorry to hear it Joe.

STALION

See if you can buy it back and either fix it or sell off parts.

kh24

Drag radials, lots of rain and parkway construction. All this happened going under 40mph. Because of an unpleasant family situation I was forced to use this car in the rain.

jrose7004

Glad you weren't hurt! If they give you that much money, take it and run!

road dog

buy it back im sure you can have it fixed . Theres a corvette forum member not to long ago . repaired one and it was totally amazing job . don't give up on your dream.

coanan

buy it back

Choreo

Sorry to see this!

If they offer you over 20k for a 2002 that would be pretty interesting - would like to know their final offer!

I have an extra $10,000 over book policy extended coverage on my 2001 (which is the max allowed by Farmers), but I pay extra for that. I am guessing with my policy the most they would offer me in a TOTAL event would be about $25k or so - and mine has over $10,000 in upgrades and a new engine on top of that (replaced under extended warranty 4k miles ago).

Good Luck!

kh24

My adjuster said book value for a car with 10x the mileage is 25k. He said my offer should be in the 28-30k range. I wish I had coverage for all my mods because I spent over 75k on this car since I bought it brand new.

MSG C5

I agree and then they are going to sell it to a salvage or aftermarket shop to cut their losses who in turn will strip it down and make some serious $$$ in parts off of a lightly used (12K Miles) Z06!

Sorry to hear about your loss. Sad day.

spdislife

That sounds like a decent number!

CrusinZ06

Wow glad you were not hurt.

Man most of the damage looks cosmetic, since you spent 75K on it i would tell the ins. that i want to keep the car and take a lower pay out and fix it.

Even if it took you a while to do that. it would still be worth it. you would still have your vette.

It doesn;t look like it has frame damage and there are alot of C5's in wrecking yards. i'm sure you could put it back together but hey i'm not you, i just saying thats what i would do.

$$$frumnuttin'

awful, but turn lemons into lemonade...buy it back for cheap and part it out...you will come out way ahead...you could even hire a "manager" to do the part out for you for a 10-20% commission.

RamAirTA

From the pics the frame looks OK. If its not tweaked or bent, fix it. Plenty of places to find parts. Don't let your baby go. Good luck.

Boulty1961

"Well that accident last week caused over 18k in damage and they are gonna total the car out. Book value they say is $25,000 based on a car with over 100k miles. Mine has 12,789 on it so they estimate the payoff to be between 28 and 30k. I think I would be ok with anything over 30k but definitely do not want to settle for something in the 20s at all. The adjuster did note the condition of the car was better than new in all areas he inspected. This just really sucks. This car was my first brand new car and im the original owner of it. It is a sad sad day."

That would buy another nice low mileage Z.

76 VETTE

Sorry about your accident .Fix it

ronssito

That hurts me.



Good luck with your ordeal!

mundo

They totaled mine too. I bought something better a C6 Z51.