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    Thread: Went in to buy an Abarth and ended up in this TCL darling...

    1. 06-09-2017 03:23 PM #176
      Quote Originally Posted by Air and water do mix View Post
      It's "normal" to have coverage that doesn't cover the average price on a new car?

      Insurance varies from state-to-state, so I don't know how universal that is. It's absolutely inexcusable for your insurance to have to cover any of this, though. Whether that's because of his insurance or your state's laws I can't say.
      Come to Cali, where minimum limits sit at 5k.

      Just because his insurance is paying, doesn't mean they have accepted any liability. In fact, they will subrogate excess damages directly from the other driver. The other party still remains at fault and is liable for any damages not covered by their insurance.

      Will they actually recoup the full amount from somebody who opts for minimum limits? Doubtful.

    2. Member SchnellFowVay's Avatar
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      06-09-2017 03:50 PM #177
      Quote Originally Posted by slowhatch View Post
      So a mix of good news and bad news.

      The good news is that Geico agreed to total the car. The bad news is apparently the insured's coverages cap out below what is needed to cut us a check (how convenient). Per the adjuster, there is a 5k spread between what is owed to us, and the limit of his coverage. They state that they will work with our insurance company and that they (our insurance) will cut the remainder of the check (and that we would not be listed at fault, nor have to pay a deductible).

      I have never heard of this, are we being taken for a ride? Currently the two insurance companies are "working it out".
      This is 100% normal. This happened when my Lotus Elise was totaled. Other driver only had min coverage (15k in Nevada), so GEICO (my insurer) picked up the remainder.

    3. Member SchnellFowVay's Avatar
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      06-09-2017 03:53 PM #178
      Quote Originally Posted by slowhatch View Post


      Just hope we don't get penalized through premium increases in the coming renewals to recoup their loss. I fail to see how we wouldn't.
      Most states (I dunno abut wild Texas) forbid car insurers from jacking rates based upon not-at-fault accidents.

      For me, my GEICO rates held constant for about 18 months after my Lotus wreck.

      Then they jacked them 25% as part of a "market pricing adjustment."

      YMMV, of course.

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      06-17-2017 12:36 PM #179
      You get your check yet?
      '14 F-150 FX4
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    5. Geriatric Member BRealistic's Avatar
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      06-17-2017 01:17 PM #180
      Quote Originally Posted by Air and water do mix View Post
      It's "normal" to have coverage that doesn't cover the average price on a new car?

      Insurance varies from state-to-state, so I don't know how universal that is. It's absolutely inexcusable for your insurance to have to cover any of this, though. Whether that's because of his insurance or your state's laws I can't say.
      Note the cost to the at fault in this situation is more than just a total of one vehicle.

      -Total of two vehicles.
      -Towing/disposal/clean up fees.
      -Possibly medical.


      This is an issue with most young/ignorant drivers.
      They get the minimum coverage not realizing They are personally on the hook for liability past their coverage limits.

      The OP's insurance will go after the other party personally for their loss (to cover the gap between coverage and cost).

      I do wonder.. if the OP's insurance covers part of the loss even tho not at fault, which insurance company gets to sell the car at auction and recoup some losses?


      Op, what about a slightly used RF?
      removed because realized just as annoying as the people that refuse to turn off their phone app's auto-spam with every post.

    6. Geriatric Member BRealistic's Avatar
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      06-17-2017 01:20 PM #181
      Quote Originally Posted by SchnellFowVay View Post
      Most states (I dunno abut wild Texas) forbid car insurers from jacking rates based upon not-at-fault accidents.

      For me, my GEICO rates held constant for about 18 months after my Lotus wreck.

      Then they jacked them 25% as part of a "market pricing adjustment."

      YMMV, of course.
      All of the insurance advertisement mumbo-jumbo about "accident forgiveness" is meaningless when they can base your rates on data you don't have access to.
      removed because realized just as annoying as the people that refuse to turn off their phone app's auto-spam with every post.

    7. Geriatric Member Aonarch's Avatar
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      06-17-2017 01:39 PM #182
      If you have a ton of not at fault accidents you can be dropped and your rate might go up. I mean a ton of them. Like 10 in say 5 years.


      Sent from my iPhone using Tapatalk

    8. Member slowhatch's Avatar
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      06-18-2017 12:30 AM #183
      Quote Originally Posted by forewheel View Post
      You get your check yet?
      We did indeed. Ended up making out almost 7k over what we paid for the car.

      Did a lot of soul searching for what the replacement should be, and we have a deposit on a car currently. I'll post it when the dust settles, don't want to count the chickens just yet.

    9. Member thegoodson's Avatar
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      06-18-2017 07:36 AM #184
      Glad it worked out for you. The insurance industry is a racket.

      I'm sure the replacement will be at least as good as the first.

    10. Senior Member Air and water do mix's Avatar
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      06-18-2017 08:58 AM #185
      Quote Originally Posted by slowhatch View Post
      We did indeed. Ended up making out almost 7k over what we paid for the car.

      Did a lot of soul searching for what the replacement should be, and we have a deposit on a car currently. I'll post it when the dust settles, don't want to count the chickens just yet.
      What? Wow!!

      That opens up some possibilities!
      Quote Originally Posted by Boyz in da Park
      Proletariat, Bourgeoise - Everybody smellin' my potpourri...

    11. Geriatric Member Hostile's Avatar
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      06-18-2017 09:26 AM #186
      Quote Originally Posted by mx5er View Post
      I understand the best scenario is, if both parties are covered by the same insurance companies.
      That didn't work out for a buddy of mine. He had Progressive and was side-swiped by a work van that was also insured by Progressive . The driver of the van changed his story multiple times about where, when and how the accident occurred yet somehow my friend was still found at 50/50 fault even though the van ran a red light on a left turn, side-swiped my buddy and forced him out of his lane.

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      06-18-2017 08:26 PM #187
      Quote Originally Posted by slowhatch View Post
      We did indeed. Ended up making out almost 7k over what we paid for the car.

      Did a lot of soul searching for what the replacement should be, and we have a deposit on a car currently. I'll post it when the dust settles, don't want to count the chickens just yet.
      Yessssss!!!!!
      '14 F-150 FX4
      '11 GTI

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      06-18-2017 11:35 PM #188
      Seems like they didn't want to total it so they had a really high value on the car. Once they totaled it, the high value bit them because they had to pay out. Something like that?

      Either way, glad it worked out. Excited to see what you replaced it with.

      Sent from my ZTE A2017U using Tapatalk

    14. Member slowhatch's Avatar
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      06-18-2017 11:39 PM #189
      Quote Originally Posted by 300_munkeys View Post
      Seems like they didn't want to total it so they had a really high value on the car. Once they totaled it, the high value bit them because they had to pay out. Something like that?

      Either way, glad it worked out. Excited to see what you replaced it with.

      Sent from my ZTE A2017U using Tapatalk
      Eh, it was strange actually.

      Geico had the car valued at 31-32k, and had 22k in damages. Was fighting us about totaling it.

      When our insurance took over the whole thing after the insured's coverage limits were exhausted (at 25k), they did their own estimate, which came to 16k. They valued the car at 31.8xx, + TTL put us at almost 34k. They claimed a total loss not due to valuation, but because "the car could not be restored to pre-existing condition".

      They cut our bank a check, cut us a check for the difference, and will pursue Geico/insured to recover our payout.

    15. Senior Member Air and water do mix's Avatar
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      06-18-2017 11:46 PM #190
      Perfect! Now you won't have to worry about repairs, getting shorted or diminished value.

      Waiting patiently to see what you're coming up with next.
      Quote Originally Posted by Boyz in da Park
      Proletariat, Bourgeoise - Everybody smellin' my potpourri...

    16. Geriatric Member Hostile's Avatar
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      06-19-2017 09:01 AM #191
      Quote Originally Posted by slowhatch View Post
      They valued the car at 31.8xx, + TTL put us at almost 34k.
      I had to go back and look at your OP, damn that's nuts your sale price was only $25k.

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      06-19-2017 10:31 AM #192
      Glad it worked out.

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