Involved in Accident...damaged what to do now
02-11-2016, 11:29 AM
#1
Pro
Thread Starter
Involved in Accident...damaged what to do now
I was sitting at a traffic light and a pickup coming the other way, ran the light and struck a Honda Odyssey broadside, which slide into the drivers side front of my 2009 Corvette Convertible. Impact pushed it around sideways. Body shop says at least $12,000 damage to front fenders, hood, light, bumper, wheel, upper control arm, lower control arm etc. Has crack on inner fender on passenger side.....so it may have shifted the whole front end a little.....insurance is looking at it now...don't know what they will say for sure....it totals out at about $17,000....do I get it repaired with 39,000 miles or hope it totals out and take what they will give me to pay it off and hope I have $15,000 or more to put on another one?
02-11-2016, 11:47 AM
#2
Team Owner
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With it being that close I would wish for it to be totalled.
Good luck, and don't forget to get diminished value if they fix it.
Good luck, and don't forget to get diminished value if they fix it.
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Richard F (02-11-2016)
02-11-2016, 11:58 AM
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Richard F (02-11-2016)
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Richard F (02-11-2016)
02-11-2016, 12:09 PM
#8
Pro
Thread Starter
It is a really nice vette and fully loaded 4lt with all options for that year model and only has 39,000 miles....my daily driver in good weather....I looked a long time to find one like it with all the options and in good condtion, so I am sort of torn on loosing it...but it is just a car....I just don't know if I will get enough back if it totals out to put together with a loan to get another like it without paying a lot more for another one...
Last edited by Richard F; 02-12-2016 at 06:36 PM.
02-11-2016, 12:35 PM
#9
Race Car Tech
The important thing is that your OK. It's going to be touch and go on whether they write it off or not.
Depending on the front clip area damage, if they do write it off, you could buy it back and likely get it fixed up and not lose money.
Good Luck
Depending on the front clip area damage, if they do write it off, you could buy it back and likely get it fixed up and not lose money.
Good Luck
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Richard F (02-12-2016)
02-11-2016, 12:49 PM
#10
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DUI for the driver that ran the red light?
02-11-2016, 01:04 PM
#12
Melting Slicks
I live in fear of some schmuck doing that to my '09 coupe. If you use 75% of book value as a total hurdle amount that would imply that the market value of the car is around $22,667. Seems kind of low, but, IIWY, I'd be pulling to have the car totaled too. Good luck.
Further info: KBB.com says that your 4LT '09 convertible with 39K miles is worth $30,158 as trade in. If that's correct the total value would be around $22,600, not $17,000. That probably isn't the best news relative to totaling the car, but a competent shop should be able to fix it or run the bill up sufficiently to get it totaled.
Further info: KBB.com says that your 4LT '09 convertible with 39K miles is worth $30,158 as trade in. If that's correct the total value would be around $22,600, not $17,000. That probably isn't the best news relative to totaling the car, but a competent shop should be able to fix it or run the bill up sufficiently to get it totaled.
Last edited by RagTop69; 02-11-2016 at 01:15 PM.
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Richard F (02-12-2016)
02-11-2016, 01:19 PM
#14
Melting Slicks
02-11-2016, 01:31 PM
#15
Pro
Myself, I wouldn't feel comfortable driving the car around knowing there could be future issues after it being fixed, but since mine is paid off, I wouldn't like the fact of going back to having a car loan. Difficult decision for sure.
02-11-2016, 04:22 PM
#18
Le Mans Master
Given the angle of the front tire/wheel, and the fact that the door is also tweaked -- looks like frame damage. I'd push hard for the total.
And remember -- the other insurance company is paying -- it doesn't matter what their 'policy' or 'rules' about such things may be, as *you* didn't have an agreement with them. Their client hit YOU.
Push for the total, and be clear you have no problem taking the matter to court if they don't make you whole (and they can't, since they cannot make your car as-new, as the title will show a major accident with frame damage. Corvette buyers are pretty sensitive about that kind of hit, and the diminution of value can be on the order of 30%, and that's AFTER the car is 'fixed')
And remember -- the other insurance company is paying -- it doesn't matter what their 'policy' or 'rules' about such things may be, as *you* didn't have an agreement with them. Their client hit YOU.
Push for the total, and be clear you have no problem taking the matter to court if they don't make you whole (and they can't, since they cannot make your car as-new, as the title will show a major accident with frame damage. Corvette buyers are pretty sensitive about that kind of hit, and the diminution of value can be on the order of 30%, and that's AFTER the car is 'fixed')
02-11-2016, 04:49 PM
#19
Given the angle of the front tire/wheel, and the fact that the door is also tweaked -- looks like frame damage. I'd push hard for the total.
And remember -- the other insurance company is paying -- it doesn't matter what their 'policy' or 'rules' about such things may be, as *you* didn't have an agreement with them. Their client hit YOU.
Push for the total, and be clear you have no problem taking the matter to court if they don't make you whole (and they can't, since they cannot make your car as-new, as the title will show a major accident with frame damage. Corvette buyers are pretty sensitive about that kind of hit, and the diminution of value can be on the order of 30%, and that's AFTER the car is 'fixed')
And remember -- the other insurance company is paying -- it doesn't matter what their 'policy' or 'rules' about such things may be, as *you* didn't have an agreement with them. Their client hit YOU.
Push for the total, and be clear you have no problem taking the matter to court if they don't make you whole (and they can't, since they cannot make your car as-new, as the title will show a major accident with frame damage. Corvette buyers are pretty sensitive about that kind of hit, and the diminution of value can be on the order of 30%, and that's AFTER the car is 'fixed')
