[Shotimes] OT-insurance co saga part II
Paul L Fisher
sho@paul-fisher.com
Thu, 24 Apr 2003 10:53:22 -0500
Why can't you sue?
Paul L Fisher
'93 Ford Taurus SHO Crimson Clearcoat ATX 171K Build date 11/18/1992
- K&N Panel filter, Tokico Struts, Eibach Springs, Dynomax cat-back, Holley
190lph fuel pump, FPS rebuilt ATX, 26mm rear sway bar, Performance-Plus
Stainless Steel Y-pipe, '96 brake upgrade, Proportioning valve plugs, Delrin
sub-frame bushings, Amsoil Series 2000 0W-30 oil, Amsoil Synthetic ATF.
SHO Club member http://www.shoclub.com/
Check out my web site http://www.paul-fisher.com/
Amsoil dealer http://www.paul-fisher.com/oil.htm
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----- Original Message -----
From: "John Phillis" <jphillis68@hotmail.com>
To: <sho@paul-fisher.com>; <shotimes@autox.team.net>
Sent: Thursday, April 24, 2003 7:34 AM
Subject: Re: [Shotimes] OT-insurance co saga part II
>
> her insurance company is completely closed to the matter, regarding
helping
> her, due to the fact that she didn't have full tort. So basically, like I
> have said since I picked her up at the hospital the night of the wreck, we
> are screwed.
>
> That is approxamately what her insurance co said too... she is SOL.
>
> as far as what the value of this experience is, might I just say, from now
> on I will be paying the extra $35 a year for the full tort option, and
> possibly the $145 for the collision option on teh insurance plan.
>
> and the other thing I have learned from this is if you really want to
screw
> up someone's life, adn you know they don't have full tort insurance, slam
> into their car at an intersection. ;-)
> because legally, we can't even personally sue the person who hit her. it's
a
> beautiful racket.
>
> I hope they sleep good at night.
>
> John
>
>
>
> From: "Paul L Fisher" <sho@paul-fisher.com>
> To: "John Phillis" <jphillis68@hotmail.com>,<shotimes@autox.team.net>
> Subject: Re: [Shotimes] OT-insurance co saga part II
> Date: Thu, 24 Apr 2003 06:58:47 -0500
>
> What has your insurance company said?
>
> Also, not to rub salt into an already wound but if you drop collision and
> comprehensive, you should expect nothing.
>
> As someone else has stated, show the receipts for the car and the repairs
> and they should offer minus depreciation plus medical bills (don't close
> the settlement on that) plus a little extra.
>
> Paul L Fisher
> '93 Ford Taurus SHO Crimson Clearcoat ATX 171K Build date 11/18/1992
> - K&N Panel filter, Tokico Struts, Eibach Springs, Dynomax cat-back,
Holley
> 190lph fuel pump, FPS rebuilt ATX, 26mm rear sway bar, Performance-Plus
> Stainless Steel Y-pipe, '96 brake upgrade, Proportioning valve plugs,
Delrin
> sub-frame bushings, Amsoil Series 2000 0W-30 oil, Amsoil Synthetic ATF.
>
> SHO Club member http://www.shoclub.com/
> Check out my web site http://www.paul-fisher.com/
> Amsoil dealer http://www.paul-fisher.com/oil.htm
>
> Get $5 free from Paypal! https://www.paypal.com/refer/pal=P3XEFFBFUFKN6
>
> ----- Original Message -----
> From: "John Phillis" <jphillis68@hotmail.com>
> To: <insman@direcway.com>; <shotimes@autox.team.net>
> Sent: Thursday, April 24, 2003 2:10 AM
> Subject: RE: [Shotimes] OT-insurance co saga part II
>
>
> > ok, here's more info, sorry about giving you the short on details, I
> > auto-deleted everythign from my inbox by accident the other day...
> >
> > anyhow, Nationwide is not her insurance Co, but the insurance Co of the
> girl
> > who ran through a red light and hit her in the side.
> >
> > yes, legally, we can't sue, or have her insurance Co touch this girl's
> > insurance company, and after consulting a lawyer, I found out($275
> poorer)
> > that legally we don't have a leg to stand on, as R-titled cars are the
> kiss
> > of death (I thikn as you stated before) and we will take it up the A$$
> when
> > everything is said and done.
> >
> > but, here's the lowdown.
> > The car, if not a salvage title woudl have a book value of $6600 right
> now,
> > considering options and mileage and all.
> >
> > she got the car as a wrecked rebuildable for $2500.
> > another $3000 in parts and paint. (including a front clip for $2065)
> >
> > and without labor, the total was around $5500.
> > at the time the book value on the car was $9500 without the salvage
> title.
> > and so $5500 invested didn't look so bad.
> >
> > the car only had 27,000 miles on it or so when she got it.
> >
> > so now we have a stack of reciepts totalling $5500, and are waiting for
> > Nationwide to make an offer on the car.
> >
> > if there offer is less than $5500, then I can understand (I don't think
> > anything that anyone tells me concerning the car's value will upset me,
> nor
> > will I think anyone is trying to be a dick so please respond
truthfully,
> > regardless of how it may sound
> >
> > in otherwords... I won't hold it against anyone if they say, I think
you
> > are wrong)
> >
> > but basically, if they try to give her less than $5500, then they
better
> > have a good reason. I mean, I can understand if they want to depreciate
> the
> > value of her car, and take some value away from the $2500 that she paid
> for
> > it, but a front clip hasn't come down in value, nor has any of the
other
> > parts that were on that car, so reimbursing her for all the parts on
that
> > car only seems fair, either that, or else I cut all those parts off of
> the
> > car and keep them, when the insurance co's flatbed takes the car away.
> >
> > it's only fair...
> >
> > I know the outcome of this already. I may not like it, but I can
predict
> it.
> > there will be lots of bending over, and no lubricant.
> >
> > it just really upsets me. because normally, I am the only one who
screws
> my
> > girlfriend. Having a whole insurance company screw her really makes her
> feel
> > slutty.
> >
> > but all that aside...
> >
> > what I am looking for is a way to hurt the ins company. or a way to
> legally
> > make this thing hard for them, and miserable.
> > I only think it is fair to make them miserable, as they have to us.
> >
> > I am not looking to purposely slow down the process, but if slowing
down
> the
> > process is possible, and will cost them more money, then that's what I
> would
> > rather do.
> >
> > so, is it justifiable to ask for reimbursement for any and all parts
that
> > were bought for the car?
> >
> > (clutching at straws over here)
> > thanks again,
> > John
> >
> > PS, I am in Pennsylvania, if that makes a difference
> >
> >
> > From: "Ron Fleshman" <insman@direcway.com>
> > To: "'John Phillis'" <jphillis68@hotmail.com>,<shotimes@autox.team.net>
> > Subject: RE: [Shotimes] OT-insurance co saga part II
> > Date: Thu, 24 Apr 2003 00:04:58 -0400
> >
> > <<I didn't get a chance to answer anyone's questions. al fitz I think
> > asked if
> > about what insurance co and some other questions. basically, here's the
> > low
> > down.
> >
> > the ins co is Nationwide (and they are not on my side)
> > she had no full tort insurance
> > no comprehensive or collision coverage
> >
> > basically a stripped down insurance policy.
> >
> > so, here's the question.
> >
> > can we refuse their offer? If they come up with a money figure, can we
> > refuse it, legally, in hopes of getting a higher offer?
> >
> > or what?
> >
> > getting ticked, need a hand.>>
> >
> > Then, if your company (or hers)is Nationwide they have no contractual
> > obligation to do anything. If you had collision, they could fix or
> > settle with you for the car. I emailed you privately and asked if you
> > bought the car for a reduced price. If you did, they only are
obligated
> > by law to reimburse you for your loss. No auto insurance policy that I
> > am aware of is a replacement cost contract. All insurance policies are
> > ACV (Actual Cash Value) of the property you had insured. If your car
> > was salvaged, then its value was less than a comparable car of the same
> > model, year, and trim level. That is why they issue salvage titles--to
> > protect the consumer so that they know that the car has been severely
> > damaged. You guys apparently knew this when buying the car. I only
> > hope you got a bargain, because all any insurance company will do is
put
> > you back in the shape you were in before the accident, less
depreciation
> > considering the value of the car. If you paid 60% of the book value
for
> > the car, there is no reason why you should expect more than that.
> >
> > I'm not trying to be a bad guy here, but I just want you to know that
> > you can hire a law firm to represent you on this, but you will probably
> > spend a lot of money and get nothing more on the car. You can
negotiate
> > the medical bills, including bodily injury compensation with the
> > offending company. Do you have to accept their offer? No. You don't
> > have to accept anything, but be aware of the laws of your state. You
> > may have only a certain amount of time to negotiate a settlement. I
> > know a guy who bought a flood-damaged car which had a salvaged title.
> > It was a 2000 Mustang GT. The book on the car at the time of sale was
> > $17K. He bought the car for $6K and got it back in shape for about $3K
> > more, so he had $9K in it when he got drunk and totaled the thing. The
> > insurance company offered him $9K for his car. He went to several
> > sources and found a value of $16775 for the car. The company wouldn't
> > budge due to the fact that he would make a $7700 profit if they were to
> > settle at that figure. He sued. He lost. He got the $9K, but was out
> > $1200 in legal costs.
> >
> > Ron
> > 98 TR
> > 92OW
> > Insurance sales/claims for nearly 20 years
> >
> >
> >
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