Am I being unreasonable?

[mkcman17]

i think the biggest problem for me is that in the eyes of the insurance company, the combination of listed value (low) and the fact that the repairs are on a bmw (high), a fender bender would easily give me a salvage title. for this reason i carry good liability, uninsured motorist, and comprehensive only. i would rather labor-of-love my car through my own pocket while keeping a 'clean' title than have them lowball me and hand me a dirty title too.

[rblevins]

i think the biggest problem for me is that in the eyes of the insurance company, the combination of listed value (low) and the fact that the repairs are on a bmw (high), a fender bender would easily give me a salvage title. for this reason i carry good liability, uninsured motorist, and comprehensive only. i would rather labor-of-love my car through my own pocket while keeping a 'clean' title than have them lowball me and hand me a dirty title too.

This:hitler:

[caffeinatedsoap]

Little update. Its been about 2 weeks and I didn't hear back from them so I gave my adjuster a call. 2 weeks is a long time to wait but I've been pretty busy lately and just haven't had time to do it.

My adjuster tells me that she did not receive her email and seems a bit more friendly this time which is nice. She gives me about 3 emails so I send the same email to all of them. I get a reply email back telling me I can only use cars from cars.com or autotrader.com within a 200 mile radius that are the same model and the same year or one year newer. Of course being a 22 year old car and me living in Lexington, KY I get 2 results, both of which are convertibles.

Now to wait another week for a reply.

[Cabriolet]

id say they are being unreasonable. when my friend totaled his 1991 325i. he had to fly to Florida to get one to match his demands. might be worth it to get your own assessment from a 3rd party.

[caffeinatedsoap]

id say they are being unreasonable. when my friend totaled his 1991 325i. he had to fly to Florida to get one to match his demands. might be worth it to get your own assessment from a 3rd party.

Who would be the assessor?

[z31maniac]

If you wreck an E30, call a lawyer. Explain that these cars are going up in value, they are a classic and need to be paid for as such. Ask your local CCA, see if there is a specialist lawyer around your area. A decent stock E30 should net at least $6500.

Oh yeah?

When was the last time a decent, stock E30 sold for $6500?

See?? Thats why I am doubtful when I see people sending all this info to the insurance companies. I just imagine them sitting at their desks, calling their overweight, underendowed co-workers over to their desk to scoff jubilantly at your naively and innocently sent information. Fuck insurance companies, its almost not worth having it if it wasnt illegal (which is another fucking racket). They fuck you absolutely every chance they get, and raise the premiums every chance they get as soon as there is any type of incident that may or may not be your fault even if you may have had 10 years of flawless clean driving until that point. Its one of those industries that I consider to be for people who have a deficiency in their soul to work at and succeed at. Comparable to politicians and lawyers. They treat their "clients" with such contempt and lack of respect/consideration that it angers me to hear these types of stories. "I pay your fucking premiums, now give me what my car is worth and stop nickel-and-diming me to oblivion, for fucks sake I PAY YOU! Your not doing ME any fucking favors by doing what your whole industry was created to accomplish!"

Mariano

Forcing you to carry insurance is a scam? So I guess when the single mom, working at Wendy's trying to make ends meet slams into your M3 and doesn't have the money to pay, you will be very glad she wasn't forced to carry insurance?

Sure you'll be able to sue her and win, but she'll never be able to pay for the damage she caused. Does that seem like a better situation?

And most insurance companies don't even make money off their premiums, they make money by taking those premiums and investing them.

[Ian F]

Hagerty seemed promising, but the only E30 they have on their approved list is the M3.

Anyway, it's not as easy as it sounds.

When did you try? My car is insured with Hagerty. They didn't even bat an eye.

Hagerty doesn't have mileage restrictions, but if the car isn't a primary, that generally isn't an issue. We have 2 other cars insured with Hagerty and have never come close to hitting any of the mileage limits other companies have anyway. The car does have to be garaged.

[CleanAzzE30z]

Forcing you to carry insurance is a scam? So I guess when the single mom, working at Wendy's trying to make ends meet slams into your M3 and doesn't have the money to pay, you will be very glad she wasn't forced to carry insurance?

Sure you'll be able to sue her and win, but she'll never be able to pay for the damage she caused. Does that seem like a better situation?

And most insurance companies don't even make money off their premiums, they make money by taking those premiums and investing them.

Lets not be naive about this.... Insurance companies take advantage of the fact (at least in California where it is required to have insurance) that everyone needs insurance. Insurance companies are a business and the have gone from providing a service to being the only crack dealer within 30 miles of a crackhead and are taking advantage of it. Im all about having common sense and having everyone carry insurance, but they (the insurance companies) have made it into a whole other game altogether. People regularly get their premiums raised over "incidents" that are not their fault after having 10 years of clean driving. They also regularly and consistently try to severely lowball their own client as regards to the market value of the cars they are paid to insure..... which is the whole point of their existence, yes?

[z31maniac]

^That happens because the actuaries have proven that once you have one accident, your fault or not, you are much more likely to have another one. My point is that it's not all willy-nilly that just determine rates.

When I was working at State Farm, one of the managers told me the actuaries used something on the order 100+ different data points to determine your rates.

The point of insurance companies to restore you to where you were, not for you to profit. That's part of the reason insurance doesn't cost the same for every car. You can insure an E30 for dirt cheap because of the value that the insurance company attributes to a 20+ year old, and we correspondingly pay lower premiums, than say if you were driving a new car.

All you kids complaining about high insurance costs, call your Agent and ask for a quote on say a 2009 Mustang GT.

I'm really not trying to be a cock, but most people (not saying you, just in general) have a very poor understanding of insurance or how it is supposed to work.

It's another one of things that should be taught in high school, along with personal finance.

[M-technik-3]

Lets not be naive about this.... Insurance companies take advantage of the fact (at least in California where it is required to have insurance) that everyone needs insurance. Insurance companies are a business and the have gone from providing a service to being the only crack dealer within 30 miles of a crackhead and are taking advantage of it. Im all about having common sense and having everyone carry insurance, but they (the insurance companies) have made it into a whole other game altogether. People regularly get their premiums raised over "incidents" that are not their fault after having 10 years of clean driving. They also regularly and consistently try to severely lowball their own client as regards to the market value of the cars they are paid to insure..... which is the whole point of their existence, yes?

Agreed, Mass has a rule now called the 50/50 so if you can avoid an accident you have to. Otherwise you are half at fault, basically so they don't pay shit. 9031 reasons why not to live in Taxachusetts. NH, live free or die. Oh they don't require you to carru auto insurance if you have never had an accident.

But it's reasonable to have some sort of coverage.

[bloodshot-e30]

i went through the same thing homie "by law" they can only give NADA value. i ended up getting 1850 for my car and my car back.

my car was basically a BRAND new car with 24v swap that had less than 70K on the motor and less than 20K on the head. they told me if ur going to buy the car back to sell parts off of it then theres nothing they can do BUT i told her i need the car back to get all my shit and put it on a new car. "doesnt matter we can only give NADA value".

best thing to do is check out my thread on E30tech that i started JUST to find cars similar to mine so i could send them prices.
my name is bkack318is and i have about 3 or 4 pages of cars that we found.

Good luck man!

[eta1987]

if you just get another beater to drive sometimes you can get an insurance like Hagerty's and insure your car for however much you want! Its not that expensive either.

[z31maniac]

i went through the same thing homie "by law" they can only give NADA value. i ended up getting 1850 for my car and my car back.

my car was basically a BRAND new car with 24v swap that had less than 70K on the motor and less than 20K on the head. they told me if ur going to buy the car back to sell parts off of it then theres nothing they can do BUT i told her i need the car back to get all my shit and put it on a new car. "doesnt matter we can only give NADA value".

best thing to do is check out my thread on E30tech that i started JUST to find cars similar to mine so i could send them prices.
my name is bkack318is and i have about 3 or 4 pages of cars that we found.

Good luck man!

You sure about that? They are only obligated to pay UP TO the NADA value, not that they can't pay more. That's why you have to prove your car is worth more than they are offering.

And it seems to be working for most guys who have nice cars.

[wodcutr]

Oh yeah?

When was the last time a decent, stock E30 sold for $6500?

I sold a sweet totally stock 1990 325is automatic with 140,000 miles last year for $6,000 to a gal on bimmerforums. Not everybody is looking for a cheap thrashed E30.

[bloodshot-e30]

You sure about that? They are only obligated to pay UP TO the NADA value, not that they can't pay more. That's why you have to prove your car is worth more than they are offering.

And it seems to be working for most guys who have nice cars.

i had all reciepts to everything done to my car well for parts prices including paint
i should have been able to get around 18 grand but didnt. i tried to for weeks then i talked to a few lawyers and they told me because of the insurance they had there wasnt really anyhting i could do.


the red on in my sig is the one that got totaled...