absent

Sad ending to my way too short ownership of that fabulous car.
Last Sunday afternoon,on my way home from office(had some extra work that had to be done),was hit by a full size pick-up truck,hard.
Pushed against the curbs and light pole,multiple airbag deployments.
Car is totaled,just 500 miles on the odometer,I am whole,just numerous bruises from airbags,worst on my shins from the knee bag (under dash).
I need a new car.....
Btw,guy got a reckless driving citation and his insurance has just $25k limit.
Just my luck.....

vdubpower

oh man, that is horrible, hope u are ok...

E-SICKTY3

So sorry to hear that -- but hope you are OK!.

What car do you have in mind?

hyperion667

WTF?


25K can't buy a CLA!
so how do they work that out???
good luck to you man, glad you survived the accident.........

Steinhart

your insurance should cover the rest and not raise your premium since it was not your fault

most importantly, you are still here, sounds like MB did it's job, that's why I drive one

good luck, heal fast, drive on

absent

It was 991TTS.
Damage estimate is close to a $100k and my insurance is trying to decide if it is a total loss or if they should just pay for repair.
Unacceptable to me,the car will be worthless with a record of severe collision
and why should I pay the consequences?
If it is not salvaged I will collect the insurance and sell the wreck as is,I am not going to keep it,bad karma....

malahhaor

Sorry to hear all of this, very sad and frustrating. the worst is that someone nearly kills you and they get a wreckless driving citation and walk away while youre stuck with over $100K of loss to deal with.
But at least youre ok.
Where was the accident? last couple days?

Steinhart

agh, well Porsche did it's job! glad you are still here!

I agree, car is now worthless on the market and I would not keep it either

If your insurance decides to repair I'd get an attorney involved since you have been financially and physically damaged from this accident that was of no fault from you. Would not hurt to get an attorney now, insurance companies act differently when there is an attorney involved.

pgordon888

First let me say thank god you are ok and lets keep things in perspective that this is only a car and your life matters a whole lot more. Kiss your wife and kids if you have them.

As I shared in this forum a while ago, same thing hapenened to me back in early 2011 in my 2009 M3. At fault driver's insurance refused to total the car becuase the damage was close but not >= 80% of the estimated value of the car before the accident. I sold the car for salvage and fought the insurance company for months afterwards but was ultimately able to recover the difference in estimated pre accident value of my car over the salvage value received + sales tax on the value of the car + some other expenses but had to sign a full waiver on PI claims. PM me your info and I can call you to discuss my experience here. This strategy only really works if you go 3rd party rather than 1st party however (i.e. through the at fault driver's policy). You will have to get a plaintiff's lawyer involved unless you have significant time and energy to devote to this too.

absent

It has to go through my insurance ,since the other guy only had the minimum coverage allowed in Illinois and that would barely cover the new wheels on that car.
Waiting for adjustor's decision now....

pgordon888

He will have adequate coverage if the potential PI claims are thrown into the mix of the negotiations. If your insurance company decides based on their adjuster it is not a total loss then you will most likely have to accept repairs or a cash payment equal to their estimated cost of the repairs (assuming the car is owned outright and no lender has a lien in it). On a 1st party claim your contract with your insurance provider governs claims procedures subject to state statutory rules of minimum standards whereas in a third party claim you can apply tort principles (such as a reasonable measure of damages is the difference in the value of your car before and after the accident in most states that follow the 2nd restatment of torts).

I switched from 1st party to 3rd party once my insurance company would not total my M3. I did not want to put up with 6 months of waiting for my car to be repaired while driving a cheap rental in the interim knowing I would have an impossible time trying to sell the car on the other side of its repair and resulting carfax report.

Now would be the time to put some pressure on your insurance broker if they want your business in the future.

Good luck.

abhatti55

Just a quick search shows $15k is the minimum property damage coverage required in IL . That's almost pointless. It is $25k in MS, not that much better. Negligent party's insurance should tender their limits fairly quick, seems like liability is clear.

If they want to keep your business, the adjuster should total the car. The insurance company would easily be able to recoup the salvage value of the car, being so new and rare. Dealing with insurance companies is a nightmare. Good luck, hopefully you can have a replacement in the stable soon.

pgordon888

Any update on whether your insurance agreed to total the car?

absent

Talked to them yesterday.
They are still crunching the numbers before deciding what to do.
It's not just the repair cost that is astronomical,the absence of any parts in US for that car and possibility of having to provide a rental for 3 or more months is also weighing on the issue.
According to adjustor they are starting to lean toward total loss which is my goal of course.
The final decision is supposed to be made before the end of the year.
I already told them I would cancel with them all coverages and switch back to Chubb if they decide to repair it.

pgordon888

Update? I love Chubb, use them for all my insurance other than auto becuase their rates are just so high for auto. My broker tried hard to get me to switch from Geico to Chubb saying that I would never have had the problems getting my M3 totaled with Chubb. Still that is the front office talking, not the back office claims department that is rewarded for limiting payouts on claims.