Click to go to Forum Home Click to go to maXbimmer Home

Go Back   maXbimmer Forums > General > General Discussion
User Name
Password


Welcome to Maxbimmer.com!

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

Reply
 
Thread Tools Rate Thread Display Modes
Old 08-01-2013, 11:10 AM   #1
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
Insurance settlement

So insurance has finally given me an offer.

For those who haven't figured this out. I threw a rod at mosport which resulted in hitting the wall and the car is a write off.

Now the insurance company valued the car at approx. 8000 but has decided to deduct the price of the engine from the car as "prior damage". I would argue that the engine was fully functional at the time of the loss and should be compensated for.
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 11:22 AM   #2
propr'one
op sucks cock
 
propr'one's Avatar
 
Join Date: Jun 2004
Location: T.
Posts: 17,701
Send a message via MSN to propr'one
how did you get your insurance company to cover you at the track? were you lapping or racing?

my broker tells me every time i renew that if i hit something at the track i'm not covered.
__________________
d1s bulb canada

Hot: 2001 Estoril M RoadsterZCP 19's michelin supersports, ZHP knob, JL 8W3
Cold: 2002 TiAg M3 6mt ZCP 19's michelin supersports, deoranged, dechromed, led tails, ZHP knob, UUC SS v3, GROM, OEM 18's w310's,
hid headlights hid kit
propr'one is offline   Reply With Quote
Old 08-01-2013, 11:23 AM   #3
mr ilia
3rd Gear Member
 
mr ilia's Avatar
 
Join Date: Feb 2012
Location: gta
Posts: 308
interesting, can you lowball insurance with engine value of 100.00? and keep 7900?
mr ilia is offline   Reply With Quote
Old 08-01-2013, 11:25 AM   #4
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
if you are racing you are not covered. Driver education is covered.

http://forums.rennlist.com/rennforum...the-track.html
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 11:26 AM   #5
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
Quote:
Originally Posted by mr ilia View Post
interesting, can you lowball insurance with engine value of 100.00? and keep 7900?
Well I am going to argue there was no prior damage to the engine
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 11:27 AM   #6
davericher20
black and blue
 
davericher20's Avatar
 
Join Date: Dec 2006
Location: 2 storey 3 bedroom 1 car garage
Posts: 3,592
Wow, you either got some serious balls to file a claim while at the track, or you're not all there....jk.
You aren't worried about your premiums after this claim? Very curious to see how this plays out, i was always under the impression that while at a school, you have coverage, (and they rape you after) at a lapping day, you do not have coverage
__________________


Quote:
Originally Posted by JINT View Post
Some people have serious track experience from the cruise, so what is fast to you, isn't fast to them.
davericher20 is offline   Reply With Quote
Old 08-01-2013, 11:28 AM   #7
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
Well considering I have it on file that they were OK with me going to D/E events I fail to see how they can charge me more after the fact. But yes we will see
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 12:15 PM   #8
T.Dot_E30
Classifieds Moderator
 
T.Dot_E30's Avatar
 
Join Date: Apr 2003
Location: T.Dot
Posts: 9,314
Hopefully you don't get dropped, let us know if insurance tries to pull anything on you after all this is done, it will after-all be treated as an at fault claim. So your insurance will go up.

I didn't think it was worth the risk of this type of claim unless it was a huge payout.
__________________
T.Dot_E30 is online now   Reply With Quote
Old 08-01-2013, 12:32 PM   #9
propr'one
op sucks cock
 
propr'one's Avatar
 
Join Date: Jun 2004
Location: T.
Posts: 17,701
Send a message via MSN to propr'one
^^it may not be. technically its a mechanical failure that led to the accident, which would be not at fault.
__________________
d1s bulb canada

Hot: 2001 Estoril M RoadsterZCP 19's michelin supersports, ZHP knob, JL 8W3
Cold: 2002 TiAg M3 6mt ZCP 19's michelin supersports, deoranged, dechromed, led tails, ZHP knob, UUC SS v3, GROM, OEM 18's w310's,
hid headlights hid kit
propr'one is offline   Reply With Quote
Old 08-01-2013, 12:33 PM   #10
T.Dot_E30
Classifieds Moderator
 
T.Dot_E30's Avatar
 
Join Date: Apr 2003
Location: T.Dot
Posts: 9,314
Quote:
Originally Posted by propr'one View Post
^^it may not be. technically its a mechanical failure that led to the accident, which would be not at fault.
It's still a claim, call it comprehensive, call it at-fault. It still goes against you.

Unless you have forgiveness.
__________________
T.Dot_E30 is online now   Reply With Quote
Old 08-01-2013, 12:47 PM   #11
propr'one
op sucks cock
 
propr'one's Avatar
 
Join Date: Jun 2004
Location: T.
Posts: 17,701
Send a message via MSN to propr'one
i dont disagree, you did say explicitly that it would be taken as an at fault claim, which is what i was responding to.
__________________
d1s bulb canada

Hot: 2001 Estoril M RoadsterZCP 19's michelin supersports, ZHP knob, JL 8W3
Cold: 2002 TiAg M3 6mt ZCP 19's michelin supersports, deoranged, dechromed, led tails, ZHP knob, UUC SS v3, GROM, OEM 18's w310's,
hid headlights hid kit
propr'one is offline   Reply With Quote
Old 08-01-2013, 12:55 PM   #12
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
I am starting to agree that I should have not made the claim. I may decide to withdraw the claim at which point I can go to any other insurer and state that I have not made any claims
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 01:05 PM   #13
propr'one
op sucks cock
 
propr'one's Avatar
 
Join Date: Jun 2004
Location: T.
Posts: 17,701
Send a message via MSN to propr'one
i think you'll probably come out ahead, unless your insurance goes up 2K a year for the next three years you'll be fine. if they already made you an offer i would certainly take it. (they will probably give you close to 8 without the motor. ask to keep the motor if its not covered, then all you need is a bottom end and you've got a powerplant ready to go)
__________________
d1s bulb canada

Hot: 2001 Estoril M RoadsterZCP 19's michelin supersports, ZHP knob, JL 8W3
Cold: 2002 TiAg M3 6mt ZCP 19's michelin supersports, deoranged, dechromed, led tails, ZHP knob, UUC SS v3, GROM, OEM 18's w310's,
hid headlights hid kit
propr'one is offline   Reply With Quote
Old 08-01-2013, 01:07 PM   #14
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
Unfortunately when a rod goes everything is f.... One of the valve adjustment shims is broken.

If they gave me 8k I'd be good. Unfortunately it is much less they are offering.
__________________
dcramer is offline   Reply With Quote
Old 08-01-2013, 02:37 PM   #15
dcramer
5th Gear Member
 
Join Date: Nov 2010
Location: Orangeville
Posts: 1,109
spoke to my broker. the following is why we need to go through brokers.
First of all the engine damage is prior damage, so they won't pay for that
2nd it is at fault as there is nobody else to blame
last and most important they can't drop you because they don't like you. They also can't make you sign away your rights as these are not insurance forms. Insurance is very regulated in Ontario, everything is form based. Even if you off roading your insurance applies. My ins will go up due to one at fault claim.
__________________
dcramer is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 04:12 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.