Crashed - Need Advice

dalparadise · 10-04-2009, 02:12 PM

I would press your insurance incessantly to total the car. No way they can return it to its before crash value with the kind of damage you describe. If you had damage in the engine bay, I'd say there's a pretty good chance you have frame and/or suspension damage which will most likely be a total.

Unfortunately, it'll still be a bad deal for you. You're probably going to be out $5-$7K, as the totalled compensation to you will be the depreciated value of a brand new car (meaning a lot of depreciation) minus your deductible. If you have it, perhaps this is one case where the rip-off gap insurance might actually pay off? I'm not sure.

Even so, press for a total loss. The value of a Frankenstein Z rebuilt from the level of damage you describe would be far, far less than you'll take on the loss from the depreciated value the insurance company writes for the total.

Sorry to hear about this and best of luck to you.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Would you buy this car? Need advice	u155282	Other Vehicles	31	09-19-2009 11:42 PM
370z poor handling, crashed and flipped...	YamahaR6	Nissan 370Z General Discussions	24	09-19-2009 08:10 AM
Crashed the 370z on Test Drive..	nurburgring	Nissan 370Z General Discussions	176	07-06-2009 02:02 AM
Just crashed	DinoJ	Nissan 370Z General Discussions	44	05-16-2009 07:40 PM
18 New Porsches Crashed!!!!	AK370Z	Other Vehicles	4	11-20-2008 09:59 AM

10-04-2009, 02:12 PM	#11 (permalink)
dalparadise The370Z.com Sponsor Join Date: May 2009 Location: Houston Posts: 354 Drives: 2010 Z Roadster T/S Rep Power: 17	I would press your insurance incessantly to total the car. No way they can return it to its before crash value with the kind of damage you describe. If you had damage in the engine bay, I'd say there's a pretty good chance you have frame and/or suspension damage which will most likely be a total. Unfortunately, it'll still be a bad deal for you. You're probably going to be out $5-$7K, as the totalled compensation to you will be the depreciated value of a brand new car (meaning a lot of depreciation) minus your deductible. If you have it, perhaps this is one case where the rip-off gap insurance might actually pay off? I'm not sure. Even so, press for a total loss. The value of a Frankenstein Z rebuilt from the level of damage you describe would be far, far less than you'll take on the loss from the depreciated value the insurance company writes for the total. Sorry to hear about this and best of luck to you.