Insurance Update

spencevans · **Posted:** Fri Oct 05, 2007 1:50 am

Well I finally finished it off with the insurance today and I know several of you wanted updates. Well they did a couple of things I didn't expect but I will take it. First they said they would not offer a buy back on the CRD and I am not sure why. Next we settled on a final figure of $25,350.67, I think that's a pretty fair and they gave me full value for all my aftermarket parts. I also gotta keep the winch, sliders and skids. Who knows what I'll use the skids for so the may find there way to the KJ raffle next year at Moab. I am sure I can find a home for the winch and sliders.

Sir Sam · **Posted:** Fri Oct 05, 2007 2:01 am

spencevans wrote:

Well I finally finished it off with the insurance today and I know several of you wanted updates. Well they did a couple of things I didn't expect but I will take it. First they said they would not offer a buy back on the CRD and I am not sure why. Next we settled on a final figure of $25,350.67, I think that's a pretty fair and they gave me full value for all my aftermarket parts. I also gotta keep the winch, sliders and skids. Who knows what I'll use the skids for so the may find there way to the KJ raffle next year at Moab. I am sure I can find a home for the winch and sliders.

aw, time to check the auctions I suppose :cry:

Cacher123 · **Posted:** Fri Oct 05, 2007 2:10 am

Find out what junk yard is taking it and offer them a price. I'll bet u get it.

Sir Sam · **Posted:** Fri Oct 05, 2007 2:12 am

Cacher123 wrote:

Find out what junk yard is taking it and offer them a price. I'll bet u get it.

it wont goto a junkyard, it will goto the insurance auction in ogden, now I need to watch that auction list.

might also goto another auction site, I will need to monitor the area.

drat!

spencevans · **Posted:** Fri Oct 05, 2007 3:20 am

So why would they not let me offer a buyback?

riptricket · **Posted:** Fri Oct 05, 2007 10:29 am

just wanted to say that I am glad itworked out in your favor spence... and thanks for the RL rear... my insurance paid for the entire thing from my little ender bender back in june!

JJsTJ · **Posted:** Fri Oct 05, 2007 10:40 am

Who is your insurance carrier? That pay out is dang nice and amazing they covered aftermarket parts. You must have quite the nice policy.
Congrats that nobody got hurt and your insurance co. took care of you.

Sir Sam · **Posted:** Fri Oct 05, 2007 2:22 pm

spencevans wrote:

So why would they not let me offer a buyback?

no telling, maybe they were afraid it would be fixed for road use again.

DarbyWalters · **Posted:** Fri Oct 05, 2007 2:32 pm

Insurance companies want a vehicle they deemed "totalled to be "retitled" as a "reconstruct/recondition title" to get rid of any liability problems. You did get an awesome settlement...I mean you can really build up the new vehcile... :lol:

Pablo · **Joined:** Thu Feb 02, 2006 10:06 pm **Posts:** 1201

I think they are afraid you will part it out on ebay and make a ton of money on it and get their payout-- insurance scam sort of a thing-- so they blanket ban new car buy backs. If it is a old hunk of junk they don't care and will let you buy it back. My friend was able to buy back his old beater after it was totalled and the lady said they do it for old cars that are not worth much, but not for new vehicles.

myjeepwalks · **Posted:** Sat Oct 06, 2007 9:12 pm

that is awesome! glad the insurance company didn't royaly screw you. i'd say you made out good with $25k! also the most important part glad no one was hurt.

Sir Sam · **Posted:** Sat Oct 06, 2007 9:52 pm

DarbyWalters wrote:

Insurance companies want a vehicle they deemed "totalled to be "retitled" as a "reconstruct/recondition title" to get rid of any liability problems. You did get an awesome settlement...I mean you can really build up the new vehcile... :lol:

ya well cept I could go buy it at auction and do that anyway.

spencevans · **Posted:** Thu Oct 11, 2007 6:21 pm

Sorry i have not answered you question Jon, I just got back from a family vacation to Disneyland. I also found to to do some wheelin in Sequioa National Monument.

The insurance carrier was Allstate. They have always treated me great. I know I pay more but they take care of me.

Sir Sam · **Posted:** Thu Oct 11, 2007 7:37 pm

spencevans wrote:

Sorry i have not answered you question Jon, I just got back from a family vacation to Disneyland. I also found to to do some wheelin in Sequioa National Monument.

The insurance carrier was Allstate. They have always treated me great. I know I pay more but they take care of me.

You saw this right?
http://lostjeeps.com/forum/phpBB3/viewtopic.php?t=25073

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