1GreeKtC's xB2 repaired and all stock. Getting traded :)
08-23-2010, 11:06 PM
#32
Sad day......
Dame peter im super sad to hear what happen to the whip!!! I feel like a family member has past on =(.
I have the TRD and knock on wood have had no problem with the knee high puddles down here.
I hate to see the xB go! Yours was looking soooo Clean. I was there when it was brand new!!
Lots of luck and lets see what happens!!
sadly If you part out at all def let me know, put me on the high end of the list
Dame peter im super sad to hear what happen to the whip!!! I feel like a family member has past on =(.
I have the TRD and knock on wood have had no problem with the knee high puddles down here.
I hate to see the xB go! Yours was looking soooo Clean. I was there when it was brand new!!
Lots of luck and lets see what happens!!
sadly If you part out at all def let me know, put me on the high end of the list
08-24-2010, 12:29 AM
#35
Senior Member
SL Member
Join Date: Sep 2006
Location: Maryland
Posts: 11,141
technically this isn't an at-fault accident on your policy since this is a comprehensive loss due to the flood. it isn't a collision loss like you ran into something...except some deep water.
as for he settlement on your vehicle, the evaulation of the vehicle is based on the condition of the vehicle based on the condition it was before the loss occurred. mainly the maitenance, upkeep, mileage and wear and tear.
now, most of your aftermarket parts do not add value in the eyes of the insurance company. low mileage, good condition, well upkeep etc do. you own the car and you own all the aftermarket parts you put on it. the insurance company is basically buying the car from you as if it was being purchased before the loss occurred. they're buying it as if it was completely operational and an in good working order with all the normal parts it had.
stuff like CF hood, aftermarket wheels and tires, radio etc are yours and you can take them off, but if you don't replace them with their OEM equivalent, then it is as if you're selling it without those parts, and you will therefore get a lower settlement. like selling a car without a hood, radio, or wheels. lol.
as for he settlement on your vehicle, the evaulation of the vehicle is based on the condition of the vehicle based on the condition it was before the loss occurred. mainly the maitenance, upkeep, mileage and wear and tear.
now, most of your aftermarket parts do not add value in the eyes of the insurance company. low mileage, good condition, well upkeep etc do. you own the car and you own all the aftermarket parts you put on it. the insurance company is basically buying the car from you as if it was being purchased before the loss occurred. they're buying it as if it was completely operational and an in good working order with all the normal parts it had.
stuff like CF hood, aftermarket wheels and tires, radio etc are yours and you can take them off, but if you don't replace them with their OEM equivalent, then it is as if you're selling it without those parts, and you will therefore get a lower settlement. like selling a car without a hood, radio, or wheels. lol.
08-24-2010, 12:36 AM
#36
Senior Member
teamNJCT
SL Member
Thread Starter
iTrader: (3)
Join Date: Mar 2008
Location: 516
Posts: 8,460
Thanks for the knowledge drax. I do have all the OEM components and the airbox is in already.
I have ~16k miles it's an 09 in impeccable condition so I'm assuming worth around 12k, might not be beneficial for the insurance company to total it but I don't want a water damaged vehicle.
So I will most likely use any money they will(if) give me and pay it off, since I only owe 5k on it and then on to another car.
I have ~16k miles it's an 09 in impeccable condition so I'm assuming worth around 12k, might not be beneficial for the insurance company to total it but I don't want a water damaged vehicle.
So I will most likely use any money they will(if) give me and pay it off, since I only owe 5k on it and then on to another car.
08-24-2010, 01:44 AM
#38
Senior Member
SL Member
Join Date: Sep 2006
Location: Maryland
Posts: 11,141
insurance companies don't want to repair flooded vehicles. the projection for supplements would be wide and nearly infinite for the problems that might not be apparent now and show up as possibly related down the roads. this is especially true if they off their own direct repair shows that they give a written guarentee on the repairs for the lifetime that you own the vehicle.
they don't want the potential liability and headaches and customer strains that can come with repairing a flooded vehicle.
they don't want the potential liability and headaches and customer strains that can come with repairing a flooded vehicle.
