Car.Accident Question

[88 Bronco]

I always thought it was 80%. Well I learned something today.

[car5nc]

Thanks for the imput everyone.

Its a 2009 Honda Civic Si 4 door. 61,000 miles. I have all state, and what is this deminished value payment you speak of?

Well your car has been in 2 major wrecks. It's real worth is less than whatever it's book value is at this point. It's not a large payment but it's helps a little. Ask your adjuster about it.

75-80% figure varies from company to company.

[Jackofalltrades]

I want to say State Law won't allow the repair if it's more than 75% of the vehicles value, in NC. NC is one the few that force the INS company's hand. I knew I was close with my wreck and told the body guy that it would be nice if it was totaled, then it was.

[Jbro]

Shop around and get the highest estimates you can ;)

They don't go off estimates. The insurance company gives you a check for what they think is fair and you do with it what you please.

[chknwing]

2 accidents in a year, you suck at driving. I suggest this.

[MikeMGM]

They don't go off estimates. The insurance company gives you a check for what they think is fair and you do with it what you please.

If he was trying to make it totaled he would benefit from a higher estimate

[Wither]

If he was trying to make it totaled he would benefit from a higher estimate

They will likely do their own assessment.

[Jbro]

If he was trying to make it totaled he would benefit from a higher estimate

Did you not read what you quoted??? Insurance companies could give two shits what the estimate says. They pay what the adjuster see's fit no matter what your quote says.

[CarolinaAllDay]

2 accidents in a year, you suck at driving. I suggest this.

Guess you dont read.

But thanks for the suggestion, I think im gonna look into a wrx instead.

[Montsta]

If you get rear ended hard enough to be forcefully pushed into another lane where you are rear ended again, surely you were hit hard enough that your neck is really messed up right?

Right?

Right.

And I might not know a whole lot about this but $12K for a Civic that was near totalled once and has 61,000 miles on it already seems like an extremely optimistic outlook on the cars actual value.

[panther4life]

Thanks for the imput everyone.

Its a 2009 Honda Civic Si 4 door. 61,000 miles. I have all state, and what is this deminished value payment you speak of?

If its 9k or more damage then that the bitch is totalled. 8k would be right on the cusp. Before you get too excited about it being totalled, the insurance company may not give you a full 12k to pay it off, unless you have gap insurance.

[CarolinaAllDay]

If you get rear ended hard enough to be forcefully pushed into another lane where you are rear ended again, surely you were hit hard enough that your neck is really messed up right?

Right?

Right.

And I might not know a whole lot about this but $12K for a Civic that was near totalled once and has 61,000 miles on it already seems like an extremely optimistic outlook on the cars actual value.

Funny you say that, my neck is sore now. Nothing crazy though, and the 12k figure is what the dealership offered me two weeks ago when I was pricing a new car.

[Anybodyhome]

For starters... driving this around I'm sure you have no significant other and no kids. Therefore, you don't need 4-doors. But seriously, Kelley Blue Book is listing most of these between $14-16k with 30k fewer miles on them and they haven't been wrecked...twice.

So you may be in luck in getting it totaled. Problem is, you'll probably only see about $10k for it, if you're lucky.

[Jackofalltrades]

They don't go off estimates. The insurance company gives you a check for what they think is fair and you do with it what you please.

That's incorrect, partially.

They will assess the damage and send you a check, but you'd be wise to submit your own estimates. The check my brother got two months ago would have only covered half the work.

So he got an estimate and they paid, without any hassle.