Motorsport sadness

[zaleonardz]

If you can send me the quote you received from outsurance for the 40k, I will be able to send you a counter.

Dont rip off the bumper, simply take some basic tools and remove yourself,

If you do tow, do NOT put it on a slingback, they need to send out a flat bed.

 

[osiris]

I don't want to step on any toes here, but you need to understand that if outsurance have told you its a writeoff and are making you buy her back it will be listed as a code 3 on the papers?? if you cool with that then awsome take it back and fix her and perhaps make her even better.

But

If you do not want a code 3 vehicle then you need to just get them to pay you out and use that as a deposit on another car.

I have had a similar experience with a E36 and when the insurance told me it was a write off I told them to get fcked and found 2 other pannel beaters that would do the job for a price that merits the car plausible to be repaired as the damage was less than the percentage of the value of the car that merits it a write off, they had to fix it and I ended up keeping my car as a code 2. Bottom line is you need to stand up to insurance otherwise they will take you for a ride, they are running a business and are there to make money like any other business they most certainly do not want to pay more than what they have to, you as a customer need to go get quotes and tell them that you refuse to loose your car due to such minimal damage that any other pannel beater could repair with ease at a fraction of the cost!

Just my 0.2c

 

[Space86]

I don't want to step on any toes here, but you need to understand that if outsurance have told you its a writeoff and are making you buy her back it will be listed as a code 3 on the papers?? if you cool with that then awsome take it back and fix her and perhaps make her even better.

But

If you do not want a code 3 vehicle then you need to just get them to pay you out and use that as a deposit on another car.

I have had a similar experience with a E36 and when the insurance told me it was a write off I told them to get fcked and found 2 other pannel beaters that would do the job for a price that merits the car plausible to be repaired as the damage was less than the percentage of the value of the car that merits it a write off, they had to fix it and I ended up keeping my car as a code 2. Bottom line is you need to stand up to insurance otherwise they will take you for a ride, they are running a business and are there to make money like any other business they most certainly do not want to pay more than what they have to, you as a customer need to go get quotes and tell them that you refuse to loose your car due to such minimal damage that any other pannel beater could repair with ease at a fraction of the cost!

Just my 0.2c

Thanks for bringing this up, as I haven't even thought about this.

On the assessment I received: "Code 2...uneconomical to repair, due to repairs exceeding value of vehicle...Vehicle is accordingly not permanently unfit for use"

Like you said, insurance companies are businesses. Even if I manage to recommend more feasible panel beaters, it wouldn't concern them at all.

The main lose here, buying the vehicle back, has the salvage value (of 39%) I need to pay in. You'd think a cars salvage value for being older then 14 years would be much less.

Plus, I don't think I can have the damages reduced to less then 40% of the cars value

 

[osiris]

I am pretty sure you can get it done for less than that, I mean I wrapped my E36 328i individual around a lamp post, the damage was hectic, even my front windscreen cracked, I got it fixed for less than 37k and when I got it back it looked bloody beautiful, the aftermarket headlights looked better than stock, I ended up getting a OEM M3 front bumper with the nice lip that I never had before the accident, the pannel beater sprayed my Kidney grills cosmo black with a beautiful clear coat to match the car and my rims got refurbished, over all I got a car back that looked like it rolled off BMW's showroom floor the day it was created!

Before the accident the car didn't look anywhere near as good and it drove better after the accident because of all the new engine mounts etc etc Trust me it can be done! your insurance is taking you for a ride. They selling you a car that you bought in the first place!! and you now have to pay more to fix it for someone else driving into you?, I would laugh at them! you should pay NOTHING! thats what insurance is there for! and after you have paid nothing for repairs you should claim back on the excess too. I would never accept this and I don't think anyone should.

 

[Space86]

I do agree

Unfortunately, once one's insured vehicle is written-off, payment will be made under the terms and conditions of the car insurance policy. The insurance company then owns the damaged vehicle and can mostly do what they want with it. This will inevitably mean they will re-sell it to a salvage company to offset their own costs and compensate for the payout.

With the pay out, I can buy the vehicle back at that price. Unfortunately, this salvage value is rather high...considering its a 14 year old vehicle. (I would like to know who determines the salvage value.)

I do believe that at the end of the day, insurance companies set the standards and all one can do is choose the lesser evil, or no insurance at all.

I don't see what else I can do. I'm most likely ignorant about my legal right about the issue.

Technically, they should pay for the damages, unless the damages are worth more then the cars value. Then they should pay out, the value of the car.

In a perfect world

 

[osiris]

Thing is I was in this same position, they wanted to write the car off, and I got very uptight as the accident was not my fault and I felt that me getting downgraded to a lesser vehicle because of someone elses stupidity was not going to happen so I wrote a very long letter to my insurance broker about how I will not accept this and that I have a quote to get the damage fixed at a much more affordable rate and that the reason for giving 3 quotes is so that they can see if its worth while fixing the car, if one of those quotes are below the write off value they have to fix it especially if the client insists on it and the car has to stay a code 2.

So in the end they agreed and all I paid was my excess of R1500.00 which was then refunded to me as I told them that I don't care what needs to be done I want my excess back as the accident was in no way my fault so they gave that back to me too.

Like I said don't allow them to take you for a ride, you should never have to fork out hard earned cash on an insured vehicle if the accident was not caused by you? that defeats the point of insurance all together.

 

[Raybimmer]

I claimed from another guys insurance as he caused the accident . They paid book value less 15 % , and I kept the car , I scrapped it later and sold it .

In your case the car should be at your house , the insurance pay out the settlement figure less the salvage value .
The car is registered in your name , they cannot register it as a code 3 .

Good luck , at the worst fix it up and sell it , if done properley you should at least get more than they offer now .

 

[Space86]

I do need to be enlightened on the subject matter of insurance.

If the vehicle isn't fixed by the insurance provider, does this mean that insurance would not cover it?

Obviously their wouldn't have a guarantee on parts, as it being third party now.

I would assume if the vehicle undergoes a road worthy test, and passes...then it would be covered by insurance. But until then, they wouldn't ensure a car that was repaired by an unknown source.

Sorry for my ignorance

:bangdesk:

 

[osiris]

yup as far as they are concerned the car is a write off! So if you fix it yourself they will need proof that the work done is good enough, I had to take the car to a reputable pannel beater and get it checked thouraghly to make sure everything was perfect, then I had to goto PG autoglass to get a certificate saying that everything was cool and then I had to re roadworthy the car again. it was a pain in the arse to say the least but I got to keep the car, but I won't lie I did sell the car shortly afterwards, as I wasn't happy with what happened to the car when it was towed away!!

They stole ALLOT of things from my car, they even stripped parts off my engine like the brand new water pump, thermostat housing and viscous fan that I had replaced the week before the accident happened which I personally watched the mechanic fit! they stole my battery, battery cover, center console in the car, my back Leather seats were replaced with some shit that was torn and badly sundamaged, they cut my fuel lines, they stole my engine covers! the list is long. and it cost me in the end to replace all that crap....Never let a tow truck take your car unless they are sent from your insurance company!

Make sure about the cars code status! if you are buying the car back from them I would imagine you would need to re register the car and if its a write off it will definately be a code 3 then you got problems on your hands so just speak to your insurance about that to make sure!

 

[zaleonardz]

Correct.

Since the vehicle is not changing ownership hands, and at no point will become "the property of the insurer", the vehicle will not be declared as a code three.

 

[osiris]

Oh ok well then your sorted if its not changing ownership hands

 

[zaleonardz]

So vehicle is with me

We collected on friday, and stripped today.

Little bit mangled, but not bad at all

Messed cradle panel and really bent aircon radiator

This bumper is toast

Anybody have any leads on an original motorsport/M bumper, I can find but they are hell expensive.

Inner Fender/frame somewhat damaged, thats going to require some "adjustment" but luckily we do not need to replace.

For now, its a scramble to organize parts at an affordable price.

 

[Raybimmer]

Leonard , good luck and thanks for helping a fanatic keep his baby . IMHO there is no change from code 2 to code 3 applicable here , same as a fender bender where a fender or door is replaced .
Is the bumper not the same as a standard e36 M3 bumper ?

 

[zaleonardz]

uhuh it is

Cost is about 8k from the agents without the plastic trim.

The bumper re-inforce is also about 4k from the agents and is unique to the Mtech bumper.

So thats out.

 

[Philip Foglar]

Awesome Leonard!! So glad she is with you - in good hands now! :thumbs:

 

[Gizmo]

I have that black bent metal brace along with a bumper stiffener too, not sure if its the motorsport one. Leonard, where is that list?

 

[Space86]

I'd like some advice (unfortunately it really comes down to personal taste, which can't be advised, but I'd like some out side views)

It is costly, and I'm not even sure I can afford it, but what are your thoughts of carbon fiber body parts?

I was really considering the bonnet replaced with cf, and perhaps the front fenders.

(I'm not sure how much weight would be reduced...but i'm sure performance would be increased slightly...but only slightly)

How about looks?

Thanks

:fencelook:

 

[Gizmo]

waste of money, makes the car look cheap and fitment will look off. Only worth while if its a dedicated track car.

 

[zaleonardz]

Cant say that I disagree with Gizmo on this one.

What you could always do if you wanted too just for a differant look, is perhaps do the bonnet and the roof in a high gloss black.

 

[calypso]

+1