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#1
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Advice Needed Insurance Wants to Total Car Dinan 4.8is
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#2
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Do what you have to do to keep this car on the road and not be totaled. It may cost you.
Work with the body shop - have them bill the Insurance Co $2900 and you pay the rest - maybe you can seek reimbursement from driver at fault in small claims. Negotiate with insurance Co and show them comparable values. 4.8is' are going up in value. See if they will raise their payment... You could explore having the Insurance Co. total your car and attempt to buy it back, BUT I don't like the idea. Your car will then have a salvage title. |
#3
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Sorry to hear that John! When I got your email I figured it was a simple bumper, maybe lower tail gate replacement. I hear this situation at least twice a year on the different auto forums where auto insurance companies try to total out enthusiast vehicles for blue book values.
It always takes awhile to get sorted and causes a lot of headache. I'm assuming the insurance you are dealing with is the 80yo's? Pick whatever number you would be satisfied with getting from them plus you keep the vehicle. If that number is $5600 + the X5, then stick to that. You might have to get an independent appraisal done as well. And come up with your own market comps to show the insurance company. They will make you work for your $$$. But you are due the money, so work towards a resolution you will be satisfied with. An attorney might need to get involved (and tell the insurance company as much) if things really go sideways. Good luck with it, keep us updated, if you are legally able to. Sometimes at final settlements you will not be allowed to disclose certain details.
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2005 X5 4.4i Build 04/05 Maintenance/Build Log Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles) 2006 X5 4.8is Build 11/05 Maintenance/Build Log Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles) 2010 X5 35d Build 02/10 Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles) |
#4
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If you still carry collision and comp on your car, get your insurance company to fix your car and let them go after the other guy insurance. If your insurance company wants to total the car work with them to get your best deal and tell them you want to keep the car as part of the deal. Find a garage that will work with you on the repair. Or keep the car and sell the car to a member on this forum.
Good Luck.
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2006 Infiniti G35 2001 BMW 3.0I E53 X5 Build date 08/2000 SOLD Lotus Europa 1970 Destroyed by fire Lotus Europa 1970 S2 Renault Powered Lotus Type 52 1970 Twincam Webers Powered PORSCHE 911 Targa 1982 The Garage Queen Audi Avant donated to Kars for Kids BMW 525IT Sold Audi 4000CS Quattro Sold Jensen Healey Lotus Powered Sold Opel 1900 Sold Triumph Spitfire 1971 Sold Triumph Spitfire 1968 Sold Plymouth "Cuda" 340 Six pack SOLD |
#5
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If you have invoice records of these items (especially the BBK) and any significant repair history show the insurance.
While your policy was likely written without consideration for factory / aftermarket add ons, you can use those items to establish an "above" market evaluation since all E53 values are in the toilet at the moment. Only issue is, you probably wont find a dinan exhaust, that was NLA long ago. As low value as E53's are, used parts are still expensive...weird huh? Since you're not at fault pressure the insurance to go after the other co.. Hopefully they are not the same! |
#6
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Quote:
I hate insurance companies. They're effing thieves. Go get two more quotes and then shove it up their a** along with the KBB info. |
#7
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Never settle for the initial offering of payment. Especially if it is not your company you are going through. As said find comps to boost the price to the real value of your car. Actual replacement of your car is what they should be offering especially since the car was parked and you are the victim.
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#8
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Actually, insurance companies have to look at comparable, not just KBB. In your case its a specialty car so that could mean a larger search for comparables.....you need to do your own research on comps to present them so that you can convince them to pay the 5K to fix it vs salvaging it.
Hope you have your Dinan receipts as the bolt on items can likely be claimed against the other company but it will be harder to do so on yours. |
#9
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That said, if there is no damage to the suspension $2,900 is not that much if the vehicle can be sold for $15,000 when repaired. Sometimes a body shop will reduce the price if they can take their time getting it repaired or you wait until business is slowfor them. However, the longer they have it the more risk you take that it will be further damaged at the body shop. I would at least get repair quotes from other shops in the area. Don't buy if from the insurance company to part it out unless you have tons of time and can keep it somewhere for many many months. It's not as easy as it sounds on the surface. Some states are no fault states. If so, there will be no clause in your policy for subrogation. Depending on state laws it might be possible to file a civil suit but attorney fees will take a chunk of it. If you fix it and keep it, I would consider a stated value policy.
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X5 4.6 2002 Black Sap, Black interior. 2013 X5M Melbourne Red, Bamboo interior Dallas Last edited by bcredliner; 01-03-2020 at 02:35 PM. |
#10
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Sorry to hear about the accident.. if you ever thinking about selling parts of your car let me know 2039791258 .. my 2004 4.8is need heart transplant.. the rod bearings went ..
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