11-14-2019, 07:38 PM | #23 |
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4 airbags, depending on how much trim has to be replaced resulting from the airbag deployment, could be well over $10K alone.
Depending on carrier, typically if repair cost exceeds 60% of NADA value (or depreciated value under your policy) they should total it. I think you've got a reasonable chance at a total, but be careful what you wish. Depending on your policy terms, if your value is depreciated you may not like the $ they offer. In some cases its negotiable if you find real world cars selling for a higher price..... Good luck and most of all.... As long as no one was injured. It's just a car and can be fixed or replaced.
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11-15-2019, 09:00 AM | #24 | ||
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Look to AIG PCG, Chubb, PURE, Cincinnati for agreed value auto. Skip the ACV line and cut to the front. They will want you whole account. Well worth it. I have limitless examples of you need them. You can control (I.e. ensure a great one) claim experience with the right carrier. Here are some of the primary coverage differences (for auto) -Agreed value (especially important for rapidly depreciating rides like ours. Equally important for vehicles INCREASING in value.) -12,500 temporary vehicle cover, no daily limit. Get a X6m for your rental. -Unreal claim service. Adjusters don't blink if you have a M8, 62 Ferrari GTO, or a Honda. -Take big deductibles. I run with 2k. -Because the above sucks in a loss, deductibles are waived in total losses. -Speaking is total losses, of damage exceeds 50% if Agreed value, the car is deemed a total. Go get a new one. -New model cover. If new model exceeds the agreed value, don't worry. Go get it. There is more, but these are important to me and most others. Good luck! |
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11-15-2019, 11:18 AM | #25 | |
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These are all true, very valid points but there's a huge difference between a 65k - 75k G05 40i and an M8, Ferrari, etc. I work with Chubb in particular all the time, particularly for clients whose vehicles exceed the 6 figure mark and homes that are in the millions to replace. For the average vehicle owner - and I would lump a lot of the BMW customers into this same pool - a mainstream insurer will be more than sufficient and probably more appropriate for their needs; they wouldn't necessarily need one of the high net worth insurers mentioned. There's going to be premium difference between what Pure will charge you to insure the OP's vehicle and what Allstate or State Farm would charge you. I would absolutely expect the treatment be on a level to match. At the end of the day, I truly believe everybody should have a good financial planner and a good insurance guy (or gal) to help them make the best decisions for whatever their current situation is and goals are. |
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11-15-2019, 11:45 AM | #26 | |
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11-15-2019, 12:06 PM | #27 | ||
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I have AIG, and their prices for my all my cars, from the 'ol e91, e90, '11 Honda, GL350 and x6m are all very in line. I am in the industry and know factually regular carriers can cost equally as much. I scoreboard all my covers. I have comparative auto prices for Progressive and they are crazy high. Each person is different, but in my case the rate says they don't want the exposures (f86 in particular). Show me the total for house, liabilities, cars and the like so I can make a package decision. Breaking coverages up for discreet low covers for each is a headache at least, possible financial disaster at worst. I would just not suggest going for cheapest. If you bought a BMW, might as well protect it/you. Get Liberty mutual but buy all the good endorsements....! |
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11-15-2019, 12:17 PM | #28 | |
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So I have a story about this coming back full circle from just a couple of weeks ago. I had an insurance review earlier this year with some clients who didn't have an umbrella. Beautiful home, no mortgage, money in the bank, this is a giant gap in coverage for them. I recommended adding one of course. A measly $168 per year. "We already pay you guys way too much money as it is." Okay whatever dude. WELL! I get a phone call from dude's panicked wife end of October. He t-boned a vehicle and then his foot somehow stuck to the accelerator. He takes out 2 more vehicles before driving full speed into someone's home. Only has $100,000 in property damage coverage on his auto policy. "Will that be enough do you think?" is what I was asked. His first ever accident. Attorneys are now involved. I feel awful for them. Freak things happen. Get as much liability insurance as you can reasonably afford. |
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11-15-2019, 12:22 PM | #29 | |
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And also LOL @ Liberty Mutual. Have you seen their latest commercials? "Liberty Mutual customizes your car insurance so you only pay for what you need." ...and the other companies don't?? I do enjoy their emu a little more than the gecko so there's that. |
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11-15-2019, 12:45 PM | #30 | ||
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I don't 'like' buying insurance either, but it is like an electric bill. Have to have it. Ever heard of social inflation? Google it...it's real. |
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11-15-2019, 12:57 PM | #31 | |
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11-15-2019, 01:52 PM | #32 | ||
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And for those in FL, liability cover is NOT even compulsory!! F'ing terrifying. In that case you need big UM/UIM cover for the nitwit who wrecks into you, destroys your nice car, and puts you in the hospital. |
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11-19-2019, 03:36 AM | #33 |
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Car was structurally totaled. Parts not even available until March 2020! Yes that is correct. The hit on the rear also took out the electrical system which is located on the right rear of the hatch area.
Unbelievable that a vehicle that had a sticker price of 70k + is totaled. Decided not to buy another one based on the parts issue but now trying to decide what to buy next. I like the SUV but every other on has 3rd Row seating which I don’t want or need. Perhaps a Audi Q7 or go back to a 7 series. |
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11-19-2019, 06:30 AM | #34 | |
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I’m also interested in driving the new Lincoln Aviator. But I think that one has the third row seats. It is more of a truck build also, if you need those capabilities. |
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11-19-2019, 06:32 AM | #35 | |
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11-19-2019, 07:55 AM | #36 | |
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Until all is autonomous and nitwits in low tech cars stop rear ending newer ones, we will be paying sizeable premiums. |
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