My wife totalled her car. Really just the front end but Geico declared it totalled. She is totally fine and so is the person whos car she hit. We paid $700 for our tires 1 year ago. We have waranty ,etc,.. on them. The 2 front ones might be a loss but the backs are good. The ins. adjuster said we could not have them. If its a loss they say we cannot take anything off the vehicle. I also dont like the price they gave us. We have full coverage luckily.
Am I entitled to these tires? I dont think they are taken into account in the value of the vehicle. And they should be. If someone has a killer stereo system, rims, etc,.. they just lose all that when an accident happens? Please someone advise me on what to do. Also do I have to accept the amount they are giving me for the vehicle. I know its worth at least $2000 more than they are saying. Thanks in advance for any advice!
2007-10-12 13:11:47 · 12 answers · asked by Liam Rules 1 in Cars & Transportation ➔ Insurance & Registration
Most insurance companies will not let you remove tires from the vehicle. I've done it before and got burned. I let a guy take brand new tires off the vehicle on the condition that he put reasonable tires back on it - after the fact (and after he'd been paid- salvage was in another state) I find out he put 4 little used donut tires on the vehicle. Had I known he was going to remove good tires from the vehicle - it would have reduced the amount we paid him b/c we valued the vehicle based on good tires. Because of bad apples burning the insurance companies when we try to be nice - most companies have put a policy in place not to let you remove things.
So, if you removed the tires - you'd just have to replace them with similar quality. If you put worn out (or donut) tires on the vehicle then they would reduce the amount they are paying you. The tires were considered in the value of the vehicle - in that they did not reduce it's value. If you were going to sell the car to a private individual (before you wrecked it) you would not take the good tires off and replace them with worn out ones. So why would you do that to the insurance company? No where does it say the insurance company has to be a great big chump.
When an insurance company total losses your car - they are buying the vehicle from you. They are a consumer like anyone else. They are going to offer a fair value for the vehicle - what they believe a reasonable consumer would have paid you for the vehicle had it not been wrecked - given it's mileage, condition (inc tire), options.
Since we don't know anything about your car or why you "know its worth at least $2000 more" - we can't help you there.
P.S. - insurance companies do NOT use Kelly Blue Book. So checking the value there is just a waste of time. The industry standard is the National Automobile Dealers Association (NADA). They have a web site - www.nadaguides.com you can check. WARNING: sometimes the nada web site pulls up a High Retail - if it does it on your car - ignore this value. The insurance company (and banks) do not use the nada web site - we get books mailed to us and and that value is not listed in them. The top value in the books is usually the "clean retail". Also - most vehicles are not in clean retail condition. Have a realistic look at your car.
2007-10-12 14:44:53 · answer #1 · answered by Boots 7 · 0⤊ 0⤋
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2016-09-24 17:38:15 · answer #2 · answered by Austin 3 · 0⤊ 0⤋
This Site Might Help You.
RE:
Geico Auto Insurance question. Wife totalled car. Can we get tires?
My wife totalled her car. Really just the front end but Geico declared it totalled. She is totally fine and so is the person whos car she hit. We paid $700 for our tires 1 year ago. We have waranty ,etc,.. on them. The 2 front ones might be a loss but the backs are good. The ins. adjuster said we...
2015-08-18 11:50:57 · answer #3 · answered by Venus 1 · 0⤊ 0⤋
Every state has it's own set of rules concerning salvage and total losses. Usually an insurer will be OK with you swapping the tires and wheels with another set so long as the car is movable, but don't expect to be paid for them. If the tires and wheels add to the value of the salvage that value will have to be deducted from the final settlement amount. As for the value of the car -- how do you KNOW it's worth 2K more than they are offering? Total loss threshold is based on the ACV (actual cash value) so check your local market for vehicles for sale as much like yours as possible for condition, mileage and options. If you locate, say, ten and they are ALL priced well above what you have been offered then present your data to the claims adjuster. Just don't get combative or cocky -- that will get you NOTHING.
2007-10-12 13:30:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Totalled Car
2016-10-01 08:07:21 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Here is what you do, you tell them you want to keep the veh, and they will call a local salvage yard to see what they could get for your veh at a salvage lot. They will ded that salvage amt from what they pay you, and you can keep the car, and either fix it, or part it out. You dont have to settle for what they offer, make them look for comparable veh's to see what they go for. As far as if they keep the veh, you cant have anything off of it once they pay you and you sign off on the title. If the car is more than seven years old, i would suggest keeping it, and fixing it up with aftermarket & salvage parts, cuz with it being 7 years old you dont have to have a salvaged title on the veh. If it's a 00 or newer than you may want to just part ways, cuz then you would have to have a branded title. It would help to know more about the veh, as far as make model, year, damage and i could give you a better answer..
2007-10-12 15:42:17 · answer #6 · answered by D.L. 4 · 0⤊ 0⤋
You can always buy the car back from them and try to fix it and sell it as a salvage car. This option is only good for people who own body shops, cause the labor could cost you more than it's worth. As far as tires go, its part of maintaining the car, you won't get any money back for them.
As far as the price they gave you, check http://www.kbb.com/kbb/default.aspx?trid=2&OVRAW=kbb.com&OVKEY=kbb.com&OVMTC=standard&OVADID=872682511&OVKWID=1321534011 for a fair price on your car.
Don't cash any checks they issue you unless you are happy with them. Once you cash the check, your basicly settleing your case.
Just be happy that nobody got hurt or killed
2007-10-12 13:35:46 · answer #7 · answered by jim 5 · 0⤊ 0⤋
Have prior receipts to show for repairs or parts put on the car for the past year and show to Geico. An adjustment for settlement can be made.
2007-10-12 13:51:28 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I can't stand FLO!!! I will actually mute the tv when she is on and joined a site "I hate Flo" on FB. She is the most irritating person on tv. I can't even stand the way she looks. If Progressive was giving out free insurance and I was told all I'd have to do is watch her commercials....I would decline.
2016-03-19 05:33:01 · answer #9 · answered by Denise 4 · 0⤊ 0⤋
if they have paid you for the vehicle then it and everything on it and in belongs to them. i wrecked a car once that had 2 brand new tires on it and i was going to take them off and my insurance company told me that i would get more money if i left them on so i did
2007-10-12 13:41:00 · answer #10 · answered by hermitofnorthdome 5 · 0⤊ 0⤋