Tindall2006 Posted July 25, 2009 Report Share Posted July 25, 2009 So, on my way up to ohio, I was crusing 70 on a interstate and a drunk driver rear ended me (he was doing 100+) While I am alright, my 91 eagle talon is totaled. My question is, I recently put a new engine, new clutch and a tranny in this car. (within 3,000 miles) Am I intitled to get the money back that I put into this car (parts for the engine, machine shop, my labor for installing) Give me an idea, also the accident has happened about 7 hours away from home. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted July 25, 2009 Report Share Posted July 25, 2009 Glad you're OK! I'm not an expert in P&C Insurance (Property and Casualty), but generally insurance companies don't have a way to calculate "sweat equity" put into a ride. First off, since the drunk hit YOU, it should be his insurance taking care of your losses. As a policy holder, If you had classic car/specialty insurance, where they place more value on custom touches...or if you have a "rider" from your insurance company stating your car has more than $1000 worth of customized enhancements, then you might get a check. If you have off-the-shelf Progressive/GEICO coverage, you're going to have to talk to the insurance company to make your case for why you deserve more than a normal '91 Eagle Talon is worth when it's totaled (which my guess would be "not much") Quote Link to comment Share on other sites More sharing options...
99ta Posted July 25, 2009 Report Share Posted July 25, 2009 When an ins co values a car they start with a value that says the veh is in excellent cond. that inclueds a working motor and tranny. I highly doubt it will add any value. was is a brand new motor and tranny? if so show reciepts and it will add some value not nothing near what you put into it. keep in mind, you always have the opts of keeping the salvg, that way you can still have your motor and tranny for dirt cheap. pm if you have any questions. Quote Link to comment Share on other sites More sharing options...
Tindall2006 Posted July 25, 2009 Author Report Share Posted July 25, 2009 I don't have a reciept for a motor and tranney, I guess I will be looking for a shell in the near future. Quote Link to comment Share on other sites More sharing options...
Avenger1647545502 Posted July 25, 2009 Report Share Posted July 25, 2009 "Ow, my neck." Always an effective negotiating tactic. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted July 25, 2009 Report Share Posted July 25, 2009 just get as much money you can from the insurance a 1g should be like 2-3k. Buy the car back. Buy cheap shell 500, take rest of the money and buy upgrades! Profit!!! Quote Link to comment Share on other sites More sharing options...
99ta Posted July 25, 2009 Report Share Posted July 25, 2009 you could always go the the ER, thats an easy $1k..... Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted July 25, 2009 Report Share Posted July 25, 2009 So, on my way up to ohio, I was crusing 70 on a interstate and a drunk driver rear ended me (he was doing 100+) While I am alright, my 91 eagle talon is totaled. My question is, I recently put a new engine, new clutch and a tranny in this car. (within 3,000 miles) Am I intitled to get the money back that I put into this car (parts for the engine, machine shop, my labor for installing) Give me an idea, also the accident has happened about 7 hours away from home. only way you can get extra is with insurance companies that honor receipts....guy i know just got 12k for his 2002 gt from his insurance company...he had receipts for a built motor and suspension etc and his insurance gave him the value of his car, plus a percentage of the value of all his receipts (about 4k) start keeping receipts is my only suggestion...ive kept most of my receipts with this swap so far, and when its done im going to have my insurance company appraise it and give it a new value Quote Link to comment Share on other sites More sharing options...
Farkas Posted July 25, 2009 Report Share Posted July 25, 2009 Cars are not an investment. Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted July 25, 2009 Report Share Posted July 25, 2009 Cars are not an investment. definately not, but if i dump 6k into my car and someone hits me, i expect to get my 6k back....my insurance company covers aftermarket parts, so why wouldnt i have it reappraised? Quote Link to comment Share on other sites More sharing options...
Akula Posted July 25, 2009 Report Share Posted July 25, 2009 I had a similar situation when I had a competitive car stereo. I said "it will cost X to replace the system" and they paid it. Since the dude was drunk and hit you, you are not to be screwed by this. Do not let them low ball you and if they do, call a lawyer. Quote Link to comment Share on other sites More sharing options...
Skinner Posted July 25, 2009 Report Share Posted July 25, 2009 From what I have seen in the past when the appraiser comes to look at the car try to be there and let them know what was done. Having receipt for parts or labor will really help in your favor. Quote Link to comment Share on other sites More sharing options...
99ta Posted July 25, 2009 Report Share Posted July 25, 2009 getting an attny for damage to your car is a waste of money. there is nothing they can do........ Quote Link to comment Share on other sites More sharing options...
Ziggy1647545504 Posted July 25, 2009 Report Share Posted July 25, 2009 Are you talking about a *new* engine, trans, and clutch (new parts never installed in anything previously, ie: jasper or equivalent) or "new" (new to the car, but purchased from a private party or salvage yard) It does make a difference. If you used truly New parts, be they OE or Aftermarket, you are definately entitled to compensation in the event of a total loss because your car is worth more with the new parts than another like model, like year, like condition '91 Talon. If you used salvage yard parts, you're gonna be hard pressed to prove increased value because the assumption is that you removed non-working parts in favor of working parts from a similar age, condition, and milage car. Unfortunately, if you don't have receipts though, you're screwed either way. The clutch isn't worth anything by the way, it is considered a wear part and no value adjustment is typically given for replacing wear parts. I went through a similar arguement with my insurance company (also my employer) about the new B.A.T. Euro Spec springs and struts I had installed in my Contour 5 days before I hit a deer and totalled it. $1500 just *poof*! Not worth anything without retaining the car. Quote Link to comment Share on other sites More sharing options...
Tindall2006 Posted July 26, 2009 Author Report Share Posted July 26, 2009 I will talk to them and see, but I am probably not going to get alot for it. Kind of lame, I am thinking about getting out of the car scene and focusing more on my music and going to school. I am starting drill sergeant school in a week and will not have the time to fuck with the insurence company, buying back car, getting it towed over 300 miles to home or my mom's house. I would like to atleast part it out and make some money, but will probably take the loss, see this as a sign and start spending less on the go fun parts, and more towards my education/music! My mom and stepdad already told me they are sick of hearing about me working on my car's every day to get to school and work, and decided to give me a 2009 honda civic, (long story) but i will now have reliable transportation,a nd that is honestly all i need at this time. Quote Link to comment Share on other sites More sharing options...
RS69 Posted July 26, 2009 Report Share Posted July 26, 2009 definately not, but if i dump 6k into my car and someone hits me, i expect to get my 6k back....my insurance company covers aftermarket parts, so why wouldnt i have it reappraised? That is why you have specialty car insurance, other than that it is a daily driver from an ins co point of view. Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted July 26, 2009 Report Share Posted July 26, 2009 That is why you have specialty car insurance, other than that it is a daily driver from a ins co point of view. i have grange insurance, nothing special Quote Link to comment Share on other sites More sharing options...
Tractor Posted July 26, 2009 Report Share Posted July 26, 2009 i have grange insurance, nothing special My family has always used Grange because they rock. My dad once swapped an engine in his truck and a car hit him while he was hauling the core back to the junk yard. He got paid for the core, the truck, and the replacement engine. Sure it wasn't Grange that had to pay, but one call to our agent got them to make the other insurance co. pay. Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted July 27, 2009 Report Share Posted July 27, 2009 Chances are you'll only get ACV(Actual Cash Value) for your vehicle. Getting that from the "drunks" insurance company may be difficult. If you have bodily injury, I would document EVERY day of your situation and how you feel. I would also get a lawyer. ACV would be determined how much is your vehicle worth to someone else, or in other words, how much could you sell it for? If the other insurance company is giving you a horrible time, turn the claim into your insurer. Have them give you the money and they will go after them for you. Problem is the "drunks" company has no policy contract with you, they have no "set rules". With your company you have rights and a policy that must be followed. Quote Link to comment Share on other sites More sharing options...
Tindall2006 Posted July 27, 2009 Author Report Share Posted July 27, 2009 I already filed the calim with my insurence, i only carried liability so they won't give me any money, but i am sure they will help me get it with the other company Quote Link to comment Share on other sites More sharing options...
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