What happens if somebody hits my E30?

[bastianshaw]

I see what your saying but to find late model cars in a desirable color w 5speed ect is not cheap anymore 5 years ago you could do it w some patience but now these cars market value far exceeds what they are worth parts dont matter, a bone stock 89 or 90 is is gonna be at LEAST $3k

[Freude am Fahren]

Yeah curious question. I'm willing to bet the insurance companies use the book value of the car to assess your premium and things. In other words, if you feel your car is worth more than what the book value is, which is pretty much true for everyone's car in this forum, some more than the others, then you need to mention that to your insurance company so they increase the value of your asset accordingly. And this will undoubtedly increase your insurance premium. The way I look at it is that most of the items that make your car more valuable than the book are still undamaged after an accident. So you can pocket what the insurance gives you and sell the other pieces off your car on this very forum and recuperate most if not all of your losses. This process is time consuming and could be tedius, and in a way that's the service you buy from your insurance company when you declare the value of your car more than the book value. This is just my two cents. I could be full of horse manure as it's been suggested before. And the bitter reality is, there is always a "loss" associated with any accident and that is precisely what the insurance companies capitalize on. If you didn't lose anything in the event of an accident, then insurance companies will be out of business. Life is a biatch. And then you die.

[bastianshaw]

Want to talk about how insurance works on these cars.

I think book on my 89 325is is like $3k, but with the low mileage, condition, and options I feel its worth at least $5k and I wouldnt sell it for less than$6k but id never sell it

anyway another dude here in the bay got hit by a cop no less, in a very similar car to mine and is basically fighting w insurance who wants o give him a paltry $1500!

what do you guys think? I know at some point he told the insurance "ok, just get me another 89 325is" they were like "thats not how this works"

isnt he entitled to have his car fixed at least?

im thinking about taking out more insurance but concerned it might cost a ton....