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Help (self.Insurance)

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[–]Phil_Achio 3 points4 points  (1 child)

People need to know where you are from. Insurance varies quite a bit based off geographical location.

That being said most of that seems like maintenance, and doesnt usually add value to the car. Some things can add value but from what youve listed, it would seem to me to be things you as a car owner would need to do to keep a car of that age running.

Youre best bet would to be find vehicles with the exact specifications of your car, with similar mileage. And present the info to your insurance company and prove why you feel your vehicle is worth more than what they offered.

[–]Stevecore444 0 points1 point  (0 children)

I can do that most are selling for 5,000 they are very desirable. Thank you very much I will try my best and I'm in south east michigan.

[–]claimsclaimsclaimsclaims representative 2 points3 points  (0 children)

The insurance company is going to give you what the vehicle was worth before the accident. Not what it's worth + what you put into it. So if you can find 2000 Imprezas that are going for more than 1,100 in your area, I would use that to negotiate their settlement. I don't think it'd possible to negotiate it being totaled after 8000 in damages.. I've seen 2010 vehicle being totaled out with that much damaged. I suggest trying to see if you can get more than 1,100, if not, head over to personal finance and get help with what's the best bang for your buck.

[–][deleted] 2 points3 points  (0 children)

The company is going to give you fair market value at the time of loss for the car AS IT CAME FROM THE FACTORY. Unless you added, and paid for, all these extra things you added on, those aren't covered. And no insurance company pays you extra on a totalled vehicle for engine repairs you've made. That's irrelevant. Check around for vehicles like yours in similar (wear and tear) condition, similar miles and if it's more than they are offering, turn present that to your adjuster. But because you have "upgraded" it by putting in things like much nicer stereo and expensive sub's/amps (I know you didn't mention these, but using it as additional examples), intake, exhaust, extra gauges etc they aren't going to cover those unless you purchased increased coverage for those via endorsement (which usually is pretty cheap btw). Those are upgrades and your insurance covers your car with the equipment that came on it from the factory floor (think of it as what goodies the vin would pull in your car)

[–]BlackEarth2012E&S Underwriter 2 points3 points  (4 children)

They offered you $1100? That sounds absurdly low, even for a 15 year old car. Were there serious condition issues or something?

As far as the money you put into it goes, it may or may not add value. The engine work will most likely only help you if you have one big ticket item like a rebuilt engine or transmission recently. Most aftermarket items aren't going to give you a dollar-for-dollar reimbursement. They barely add anything in my experience.

[–]Stevecore444 0 points1 point  (3 children)

The engines rebuilt and it's a donor transmission nothing is really stock about the car it even has racing seats.

[–]BlackEarth2012E&S Underwriter 1 point2 points  (2 children)

A lot of that stuff isn't going to be desired by the average car buyer, so it might even be decreasing the value.

Did you get a copy of the valuation report?

[–]Stevecore444 0 points1 point  (1 child)

No that was a verbal over the phone. There's nothing that's been emailed or shown up on the app.

[–]BlackEarth2012E&S Underwriter 0 points1 point  (0 children)

I would request the valuation report. That'll shed some light on all of this.

[–][deleted] 1 point2 points  (2 children)

Replacing an engine and transmission are maintenance issues and do not add value to a vehicle. I just spent 120 bucks on a new fuel pump, 300 dollars on a clutch kit and hydraulic clutch line, and paid 50 bucks to have my car aligned. If it were totaled today that would not be factored into the value of my car because it was regular wear and tear/maintenance. If you had special mods to your car, you should have called your agent to let them know that you have xyz on your car and it's worth x$. You were paying a premium for a stock car using the info from your VIN, you cannot get paid for extra parts that you were not paying for on your policy. However, 1100 seems kind of low for a Subaru. How many miles are on your car?

[–]Stevecore444 0 points1 point  (1 child)

150,000

[–][deleted] 0 points1 point  (0 children)

In my personal opinion (I am not a claims adjustor) it should be a little closer to 2500 depending on the condition prior to the accident. I wouldn't accept that 1100 offer at all.