GT just got T-boned! Now what?

Where did you hear that, I thought insurance company only paid you the estimated blue book value & that's it.

Ray@VSK said:

Where did you hear that, I thought insurance company only paid you the estimated blue book value & that's it.

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Yep, that's about how I know it to be. Just going to have to part out the rest of it piece by piece to get your money back - OR.........buy another and transfer away

I got T-Boned the same way in my 82 GT. It sounded almost the same as me but he was going a little faster. I gave all my receipts and got every penny I put into it and the book value. I had to prove he was wrong but I won.
The only thing I didn't get back was the labor that I did. I just put in a complete drivetrain from a 90 and a new roller block at the time. Had the parts for 2 years waiting to go on. Just put in all new seats and complete rear panels from a 90 as well. Only had the motor in the car for only a month and this happened.





What it used to look like.

My old motor.

May it R.I.P.

Kevin

it will all depend who you are dealing with. Not to be pessimistic, but I believe that you will get the blue blook value and not the parts. I think it is beter to buy eithere another car or rolling chassis and to exchange parts. Probably will cost you less than habinv to do it all again, Just my .02 cents

I got rear end in N.C. and the ins company the state only required a "good faith" offer for my car.I bought the car back from the ins company for 743.00.Those f u c k ers tried to tell me that they only had to put me into another car of same model and year!!!!!!!Later on i found out by the state that I could have a apraiser give statement to MY insurance co to cover cost!!!!!!!!!!!!This is my experience in N.C. with state farm as my co and Nation wide as the monkey who totaled my car!!!!!!!

Ya blue book & they take your car, I was told I could either take the $ or the car & sell it for parts if I think I'll make more.

You dont have to accept anything they offer. If one person on here has done it simply with receipts, then I think that there is a good chance that you will get it back.

Sounds like you are OK. And though most people dont want to hear this, that is what is important in the big picture.

89sleeper: Dont know how you made it through that, but glad you did!

89sleeper said:

I got T-Boned the same way in my 82 GT. It sounded almost the same as me but he was going a little faster. I gave all my receipts and got every penny I put into it and the book value. I had to prove he was wrong but I won.
The only thing I didn't get back was the labor that I did. I just put in a complete drivetrain from a 90 and a new roller block at the time. Had the parts for 2 years waiting to go on. Just put in all new seats and complete rear panels from a 90 as well. Only had the motor in the car for only a month and this happened.

What it used to look like.

My old motor.

May it R.I.P.

Kevin

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Damn dude, and you walked away from that?

Idwitheld-1` sorry to hear about the stang. I would buy another stang and just transfer the parts over. If ya can, get some pics.

damn nice looking stang too, yeah were/are you alright after the accident?

First off, understand that an insurance company's first rule is deny, deny, deny! If the adjuster does not make you an acceptable offer, demand to speek to their supervisor, or the supervisor's supervisor. Also, depending upon your situation, look into your (or your parents, etc) homeowner's/renter's policy. If you are living in your parents home, you may also be able to file claim on thier policy as a "household member". Finally, Do not give up, you pay higher premiums to drive the car you want and you should be properly reimbursed for your loss. I'm not unnecessarily letigious nor an I am attorney, but I've traded enough blows with insurance companies to learn a few lessons. Consult an attorney if you need help, many will not charge for a consultation...

Also, talk to your insurance company as well as theirs. Don't know if you're in a no-fault state or not --- I'm not. When I got hit (like you, the other guys fault); I engaged both my company and the guy who hit me's company, and I let the one that was offering the best settlement handle the claim (turned out to be his insurance that offered the best deal).

As others have said - their first offer is just that; it's an offer. They are the most profitable for their shareholders if they can hold claim costs down, so they usually won't bowl you over with a good offer. But document value with pics, receipts, documentation of what other similar cars have sold for -- and stand your ground. If their first offer is unacceptable - tell them so, and demand to speak with a claims manager. Usually when the other fellow is at fault, they work pretty hard to please you.

Lastly - are you sure your neck isn't bothering you a little bit now that a day or two has gone by? What they're usually worried about is medical costs as they FAR exceed property damage. If you have medical costs (if you're sore at all, you should probably be checked out on their nickel) that you're willing to settle, it usually gives you some leverage on the property damage side.

My wife's car was totaled a number of years ago. She had a pretty bad case of whiplash, and we told them we wouldn't settle the property damage claims until we had some progress on the medical damage claim. I simply told them that if they got the property damage claim up to X amount, then I thought we'd be willing to settle the medical claim for Y amount. By finally agreeing settling (with prejudice - no going back later) the medical claim, I got the property damage claim amount I was after. It's all a negotiation - let them talk first; and don't accept the first offer.

And, if they do offer an amount for the totaling it, even if you're happy about the amount, don't accept it until they also tell you how much you can buy the car back for. Usually they will offer the car for a relatively small amount - and you'll have a settlement AND your car/parts back.

There are plenty of lawyers out there that will help resolve cases like this - just be sure you understand their fee structure. They're much more likely to get involved if there's a medical issue to be resolved because of the potential for bigger settlements/fees.

Michael Yount said:

There are plenty of lawyers out there that will help resolve cases like this - just be sure you understand their fee structure. They're much more likely to get involved if there's a medical issue to be resolved because of the potential for bigger settlements/fees.

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Good advice here! Definately know what they will charge. They normally get 1/3-1/2 of the settlement from the little bit that I understand. Some will also hit you with a bunch of expense fees that will whittle the settlement down to nothing.

It is going to be a PITA, but keep your cool, stay persistent, focused and polite as long as you can be.

If you haven't been, you and she should both go to the Dr. - you don't want to mess around with neck/back pain.

I am sorry to hear of your loss! I hope you are o.k.
I bet you will be looking for another stang here soon!
Good luck

89sleeper said:

I got T-Boned the same way in my 82 GT.

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OMG....that seriously touched me in a bad way....it hurts to see a car that F'ed up.

I think i'd start with finding a nice junkyard coupe with a straight body, and start fresh from the ground up and just swap over any salvageable parts. If you get a check from insurance, i'd just save it for mods/upgrades or use it to buy the new shell. Good luck man...sorry for your loss

"nice junkyard coupe with a straight body"

Probably an oxymoron....