Got hit and insurance wants to salvage my TJ

[Bluovalguy]

I can’t speak to State Farm, but I have a hard time believing they will reimburse you for modifications you haven’t been paying for coverage on regardless of a receipt.

If you notify them and pay extra to have the parts covered then yes, absolutely. If you’re not paying extra for you modifications, then I’d have to see a policy in writing before I’d believe that.

At least for big ticket items like lifts and wheel/ tire packages, etc I don’t think any company will reimburse thousands of dollars if you haven’t been paying for that coverage.

 

[suicideking]

If the accident was the OP's fault then I would agree with the previous posts about mods. Since this was the other drivers fault they should reimburse you to the point that makes you "whole" so that would include mods. It will be more work to get the full value out of your jeep but you have every right to that amount.

Fault doesn't matter in most states. Only makes a difference regarding who pays the deductible. I figure there isn't a single insurance co for 'the other guy' that will pay for your mods. That's going to be paid by your insurance co (or not). The other guys insurance co, even if he hit your parked car, is going to screw you over as much as they can.

 

[RHanna]

I can’t speak to State Farm, but I have a hard time believing they will reimburse you for modifications you haven’t been paying for coverage on regardless of a receipt.

If you notify them and pay extra to have the parts covered then yes, absolutely. If you’re not paying extra for you modifications, then I’d have to see a policy in writing before I’d believe that.

At least for big ticket items like lifts and wheel/ tire packages, etc I don’t think any company will reimburse thousands of dollars if you haven’t been paying for that coverage.

That's if you are using your coverage. I haven't researched coverage on jeeps and whether or not mods are covered or not with my current company. I'm just saying the at fault person is responsible. Their insurance may not cover the extra stuff but that doesn't exempt the at fault insured. You may have to go the legal route if you want reimbursement from them.

 

[suicideking]

I can’t speak to State Farm, but I have a hard time believing they will reimburse you for modifications you haven’t been paying for coverage on regardless of a receipt.

If you notify them and pay extra to have the parts covered then yes, absolutely. If you’re not paying extra for you modifications, then I’d have to see a policy in writing before I’d believe that.

At least for big ticket items like lifts and wheel/ tire packages, etc I don’t think any company will reimburse thousands of dollars if you haven’t been paying for that coverage.

I've seen it done in the past. They will not pay 100%, but will pay some depending on receipts and depreciation (age). Again, 0% on labor.

I called my rep and confirmed, he said to save all receipts.

 

[myjeep3]

They sent me an email, offering 6.6k or 3.9k if i keep it. They compared the car to two cars one from 30071 and 21740, listed at priced at 9.5k, and 11.9k then deducted alot stuff to bring the price to 7.8k and 9.5k and which is what they add up thn divided by 2 to get what they called base value for mine.. around 8.4k.
Will look over this in depth tomorrow am.

 

[suicideking]

If it's fixable, I'd do the $3.9 and keep it. Still a pretty shitty situation though.

A good reminder to be extra careful while driving your Jeep.

 

[Bluovalguy]

So both of those quotes are the exact same. Only difference is they subtract he amount if you keep it. And both quotes of the “stock” value are inline with the blue book value apparently.

Here is where to be polite, but assertive…. Blue book value isn’t worth the cost of the Jeep. At least not to replace it.

Counter with the the price they gave you at 6.6 AND you keep it. And ensure they don’t classify it as totaled.

Insurance isn’t your friend. Screw them… get what can and keep a clean title. Otherwise it isn’t worth keeping.

 

[myjeep3]

So both of those quotes are the exact same. Only difference is they subtract he amount if you keep it. And both quotes of the “stock” value are inline with the blue book value apparently.

Here is where to be polite, but assertive…. Blue book value isn’t worth the cost of the Jeep. At least not to replace it.

Counter with the the price they gave you at 6.6 AND you keep it. And ensure they don’t classify it as totaled.

Insurance isn’t your friend. Screw them… get what can and keep a clean title. Otherwise it isn’t worth keeping.

Correct, that nada value they used cant buy me one in the same condition prior to the accident.
6k + the car sounds right, or they can repair it, or give me a check that can buy me one in the same condition prior to accident, cause 6.6k won't. All the clean tj i looked at that are like mine condition wise sold for 9k+.

Now what happen to the title when i keep it? Do i have to do anything .

 

[Fishtaco]

Do you guys in US not have "Agreed Value" insurance?
Blue book price (Red book in Australia) is well under actual value so you come to an agreed value with the insurance Co, If your estimated value is way too high the insurance Co needs to inspect to confirm and if they agree you pay the insurance premium for agreed value which will be a higher premium than for market value.
If you want standard insurance it will be insured for "Market value" only, which is Red book value so no matter what its really worth in a wright off you only ever get market value.

Red book price in Australia on a TJ is $5000 -$8000au, price to buy on todays market is $8500 -$15,000 so we need to get an agreed value. If repairs are $5000 and agreed value is $10,000 then you get it fixed or get paid out agreed value with option to purchase, If repairs cost $5000 with market value insurance you get red book price $5000 and they keep the jeep.

Agreed value only really applies to custom/vintage vehicles

 

[RHanna]

So they think it would cost over 3973 to fix your jeep. I'm assuming the insurance would be in Massachusetts which is a total loss formula state. Cost of Repair + Salvage Value > Actual Cash Value
The only way to keep them from totaling the jeep is the either show the cost of repair is less than 3943 or argue the ACV. I'm guess the salvage value of a Jeep is better than most vehicles which is working against you.

 

[myjeep3]

So they think it would cost over 3973 to fix your jeep. I'm assuming the insurance would be in Massachusetts which is a total loss formula state. Cost of Repair + Salvage Value > Actual Cash Value
The only way to keep them from totaling the jeep is the either show the cost of repair is less than 3943 or argue the ACV. I'm guess the salvage value of a Jeep is better than most vehicles which is working against you.

Yes, thats how they look at it in MA. Would like to know what their estimation on the cost of repair is, and what salvage value they have and where get it from.
The Actual cash value is being based on NADA value, which is always lower then what the car would actually cost to buy.
6.6k + keeping the car is what am going for when I get back to them.

 

[RHanna]

Yes, thats how they look at it in MA. Would like to know what their estimation on the cost of repair is, and what salvage value they have and where get it from.
The Actual cash value is being based on NADA value, which is always lower then what the car would actually cost to buy.
6.6k + keeping the car is what am going for when I get back to them.

Do a little research on owning a salvage vehicle (resell value and insurance). If you are OK with that then I would say go for it. At least in this case you know the history and extent of the totaled vehicle.

 

[cliffish]

Do you guys in US not have "Agreed Value" insurance?
Blue book price (Red book in Australia) is well under actual value so you come to an agreed value with the insurance Co, If your estimated value is way too high the insurance Co needs to inspect to confirm and if they agree you pay the insurance premium for agreed value which will be a higher premium than for market value.
If you want standard insurance it will be insured for "Market value" only, which is Red book value so no matter what its really worth in a wright off you only ever get market value.

Red book price in Australia on a TJ is $5000 -$8000au, price to buy on todays market is $8500 -$15,000 so we need to get an agreed value. If repairs are $5000 and agreed value is $10,000 then you get it fixed or get paid out agreed value with option to purchase, If repairs cost $5000 with market value insurance you get red book price $5000 and they keep the jeep.

Agreed value only really applies to custom/vintage vehicles

Yes, I have my TJ on my collector car policy at an agreed value of $14,000, If you typically off road the tJ I am sure they would not cover it.

 

[AMS417]

Yes, I have my TJ on my collector car policy at an agreed value of $14,000, If you typically off road the tJ I am sure they would not cover it.

Same here, with Hagerty and valued at $28k. My Jeep already has a salvage title but with the mods it would cost double what I am insured for to recreate it. Insured it this way primarily for theft or major trail accident which I am covered for.

 

[myjeep3]

Same here, with Hagerty and valued at $28k. My Jeep already has a salvage title but with the mods it would cost double what I am insured for to recreate it. Insured it this way primarily for theft or major trail accident which I am covered for.

How do you go about having them to agree on the value? and do you have to carry full coverage?

 

[AMS417]

How do you go about having them to agree on the value? and do you have to carry full coverage?

Its full coverage. You tell them how much coverage you want, they give you a price. Think I pay $85 / month for $28k agreed value. They didn't ask for pictures or receipts either.

 

[MaximusLJR06]

Its full coverage. You tell them how much coverage you want, they give you a price. Think I pay $85 / month for $28k agreed value. They didn't ask for pictures or receipts either.

I have my 71 chevelle with Hagerty and have been contemplating switching my jeep to that policy. Do you have any mileage or driving stipulations with your jeep? My policy for my chevelle does.

 

[Bluovalguy]

I have my 71 chevelle with Hagerty and have been contemplating switching my jeep to that policy. Do you have any mileage or driving stipulations with your jeep? My policy for my chevelle does.

I had looked into Hagerty years ago when I had a ‘66 Mustang. They wouldn’t do a policy without stipulations and mileage requirements. I ended up just using my regular insurance provider.

 

[AMS417]

I have my 71 chevelle with Hagerty and have been contemplating switching my jeep to that policy. Do you have any mileage or driving stipulations with your jeep? My policy for my chevelle does.

5k miles per year max, but I can increase that if needed. It covers off-road damage as long as I am not entered in a competitive event.

 

[MaximusLJR06]

5k miles per year max, but I can increase that if needed. It covers off-road damage as long as I am not entered in a competitive event.

I may have to call and see about switching over. I only put about 5K miles a year on my jeep.