Car Totaled ... what next ?
09-26-2012, 12:32 PM
#81
Team Owner
Nobody answered my question in post #59, so I'll ask it this way... 
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
So to answer your questions - I'd say a strong maybe.
09-26-2012, 12:32 PM
#82
Nobody answered my question in post #59, so I'll ask it this way...
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
09-26-2012, 12:45 PM
#83
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Nobody answered my question in post #59, so I'll ask it this way...
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
Does the $36,530 include the 10% sales tax you would pay to purchase a replacement 2008 C6?
09-26-2012, 12:54 PM
#84
Drifting
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09-26-2012, 01:58 PM
#85
Melting Slicks
09-26-2012, 02:47 PM
#86
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St. Jude Donor '13
But even before your situation, I worked briefly for an auto insurance company in the underwriting/rating section. Their attitude was that if you had been cancelled or refused renewal by your previous company for any reason whatever, they wouldn't talk to you for a year. But if you were cancelled by Allstate, they didn't care and treated you like any other customer.
Around the same time, my future wife called Allstate to ask why they hadn't sent her a renewal bill. They replied that she'd been cancelled 3 months ago. I guess they forgot to tell her...
09-26-2012, 03:42 PM
#87
Le Mans Master
I see all this back and forth over who should deal with what. All I can say, is those who choose to let their insurance company deal with anything, often get screwed in the end...that's a fact.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
09-26-2012, 03:57 PM
#88
Melting Slicks
I see all this back and forth over who should deal with what. All I can say, is those who choose to let their insurance company deal with anything, often get screwed in the end...that's a fact.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
100 %
09-26-2012, 04:42 PM
#89
Team Owner
I would hold out to be honest, unless you are really set on getting another C6 and if that was the case I would put some extra and jump up to a brand new one (40k for a base) or get a GS for around 46 or even better, try to find a low mileage ZO6 that you can get with an extended warranty.
09-26-2012, 06:58 PM
#90
Drifting
Member Since: Aug 2009
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Resident insurance expert here..
first off, its is unfortunate that the guilty party is a teenager and insured with Geico. those 2 details usually means that they are carrying state minimum coverage.
as with about 80% of the people i talk to insured with Geico this is VERY common. i cannot speak for your state but generally minimum coverage limits in most states include 25k per person, 50k per accident and 15k in property damage.
if this is the case it is very likely that your totaled vehicle will exceed the other persons insurance policy limit.
therefore if you have collision coverage you will end up paying your deductible and your insurance company will be picking up the rest of the claim for you.
you will be entitled to some coverage for your injuries, personally i would seek some pain and suffering as part of the offer.
as Category 4 said colossus is commonly used by insurance companies therefor medical coverage will be limited.
as for the car itself, since i am 90% sure you will have exceeded the teens auto policy limit hopefully your company will find comparable vehicles for sale within 100 miles of your residence to make a valid assessment of its value.
if that all goes correctly i would hope that your able to get what you need to replace the vehicle with a fair market value similar mile replacement or its value.
given your with all state, i would be curious to see how that plays out.
please keep us informed.
first off, its is unfortunate that the guilty party is a teenager and insured with Geico. those 2 details usually means that they are carrying state minimum coverage.
as with about 80% of the people i talk to insured with Geico this is VERY common. i cannot speak for your state but generally minimum coverage limits in most states include 25k per person, 50k per accident and 15k in property damage.
if this is the case it is very likely that your totaled vehicle will exceed the other persons insurance policy limit.
therefore if you have collision coverage you will end up paying your deductible and your insurance company will be picking up the rest of the claim for you.
you will be entitled to some coverage for your injuries, personally i would seek some pain and suffering as part of the offer.
as Category 4 said colossus is commonly used by insurance companies therefor medical coverage will be limited.
as for the car itself, since i am 90% sure you will have exceeded the teens auto policy limit hopefully your company will find comparable vehicles for sale within 100 miles of your residence to make a valid assessment of its value.
if that all goes correctly i would hope that your able to get what you need to replace the vehicle with a fair market value similar mile replacement or its value.
given your with all state, i would be curious to see how that plays out.
please keep us informed.
09-26-2012, 08:02 PM
#91
Melting Slicks
Resident insurance expert here..
first off, its is unfortunate that the guilty party is a teenager and insured with Geico. those 2 details usually means that they are carrying state minimum coverage.
as with about 80% of the people i talk to insured with Geico this is VERY common. i cannot speak for your state but generally minimum coverage limits in most states include 25k per person, 50k per accident and 15k in property damage.
if this is the case it is very likely that your totaled vehicle will exceed the other persons insurance policy limit.
therefore if you have collision coverage you will end up paying your deductible and your insurance company will be picking up the rest of the claim for you.
you will be entitled to some coverage for your injuries, personally i would seek some pain and suffering as part of the offer.
as Category 4 said colossus is commonly used by insurance companies therefor medical coverage will be limited.
as for the car itself, since i am 90% sure you will have exceeded the teens auto policy limit hopefully your company will find comparable vehicles for sale within 100 miles of your residence to make a valid assessment of its value.
if that all goes correctly i would hope that your able to get what you need to replace the vehicle with a fair market value similar mile replacement or its value.
given your with all state, i would be curious to see how that plays out.
please keep us informed.
first off, its is unfortunate that the guilty party is a teenager and insured with Geico. those 2 details usually means that they are carrying state minimum coverage.
as with about 80% of the people i talk to insured with Geico this is VERY common. i cannot speak for your state but generally minimum coverage limits in most states include 25k per person, 50k per accident and 15k in property damage.
if this is the case it is very likely that your totaled vehicle will exceed the other persons insurance policy limit.
therefore if you have collision coverage you will end up paying your deductible and your insurance company will be picking up the rest of the claim for you.
you will be entitled to some coverage for your injuries, personally i would seek some pain and suffering as part of the offer.
as Category 4 said colossus is commonly used by insurance companies therefor medical coverage will be limited.
as for the car itself, since i am 90% sure you will have exceeded the teens auto policy limit hopefully your company will find comparable vehicles for sale within 100 miles of your residence to make a valid assessment of its value.
if that all goes correctly i would hope that your able to get what you need to replace the vehicle with a fair market value similar mile replacement or its value.
given your with all state, i would be curious to see how that plays out.
please keep us informed.
09-26-2012, 08:07 PM
#92
Melting Slicks
I see all this back and forth over who should deal with what. All I can say, is those who choose to let their insurance company deal with anything, often get screwed in the end...that's a fact.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
09-26-2012, 10:14 PM
#93
I see all this back and forth over who should deal with what. All I can say, is those who choose to let their insurance company deal with anything, often get screwed in the end...that's a fact.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
09-27-2012, 12:31 AM
#95
Drifting
Member Since: Aug 2009
Location: Colorado Springs Colorado
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I see all this back and forth over who should deal with what. All I can say, is those who choose to let their insurance company deal with anything, often get screwed in the end...that's a fact.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
If I am involved in an accident where I carry no fault, I WILL NOT...and I mean WILL NOT contact my insurance company whatsoever. The insurance company has no incentive to see to you it that you get what YOUR owed, the only thing they choose to protect is themselves from having to pay for any damages as a result of the accident. Often times, they will negotiate a split and give you a lesser offer in the end.
In this guys case it worked in his favor, but in my many experiences helping friends, as well as two no fault accidents I was involved in, it is better to NOT involve your insurance company. I put it on their people to sort it out. It's three phone calls max.
You don't pay your insurance company to be your attorney, you pay them to cover damages when you cause someone else loss. Nowhere in their agreement to you, do they say they have your best interests and financial recoveries at heart. That's not their job.
Only someone who can't read between the lines and think that Obama is responsible for Bin Ladens capture and death would believe that.
its always best to involve the guilty paries insurance first as you said no point in getting both into it unless you have to. but often times the other person always lies. their company will defend them unless the evidence of lack there of turns things around.
there is a process that then takes place called arbitration where the 2 companies fight it out in court. then they go to whats called subrogation where the guilty parties ins company ends up paying the other company back. and if you had to pay a deductible this would be the time when you would get it back.
09-27-2012, 04:28 PM
#97
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St. Jude Donor '13
Some people are posting about not notifying their insurance company.
A few months down the road when the other driver suddenly claims the accident was all your fault and wants to sue, and your company didn't even know there was an accident; could be a problem...
A few months down the road when the other driver suddenly claims the accident was all your fault and wants to sue, and your company didn't even know there was an accident; could be a problem...
09-28-2012, 07:30 AM
#98
Burning Brakes
Agreed, I always notify them (only had to once so far) for fear of something like this. Fortunately I have been with USAA for 30 years so they didn't care about it as far as rates go.
09-28-2012, 07:47 AM
#99
Drifting
You should feel very lucky that the crash didn't occur a split second later...at that point the SUV would have hit your driver door and placed you in a much more vulnerable position. The outcome could have been drastically different...indeed you had angels watching over you!
When the C7 arrives, I think newer C6s will become more affordable offering you a bargain priced low mileage Z06!!!!!
When the C7 arrives, I think newer C6s will become more affordable offering you a bargain priced low mileage Z06!!!!!
09-29-2012, 04:32 AM
#100
I have to wonder what kinda insurance some people buy that they'd have a better relationship with the other driver's company than their own.
I've got 5 cars, my house and a $2MM umbrella with AAA. They aren't gonna screw me if there's any way around it. As well...any bodyshop repairs are warrantied and grievances are handled nearly seamless to me. No one has my best interest at heart but me. But AAA's best interest is served by serving me. AAA has a reputation of being tough with other insurance companies collecting, but an excellent rep serving their customers.
I make it a policy to avoid talking to the other party's insurance. It's just like the cops...anything you say can and WILL be used against you.
I've got 5 cars, my house and a $2MM umbrella with AAA. They aren't gonna screw me if there's any way around it. As well...any bodyshop repairs are warrantied and grievances are handled nearly seamless to me. No one has my best interest at heart but me. But AAA's best interest is served by serving me. AAA has a reputation of being tough with other insurance companies collecting, but an excellent rep serving their customers.
I make it a policy to avoid talking to the other party's insurance. It's just like the cops...anything you say can and WILL be used against you.
Last edited by BackInBlack05; 09-29-2012 at 04:39 AM.