I know this is off topic but I wasn't exactly sure where to post:
Here's the short story, Aug 29 I hydrolocked my motor in a flash flood. We found water in 3 of the 4 cylinders, and the carpets and seats were wet. ( I was hit with about a 1ft 1/2 of salt water).
Insurance told the shop and me they were going to cover it. Blah Blah Blah after leading us on for three weeks like they were going to fix it, they pull this **** about how if the car has flood damage they only cover up to %50 of the cars value instead of the %60 percent they cover if there is body damage before totaling...
Anyhow to the chase, They decided to total the car. I have a '96 Integra GSR w/ 93k THEY value it at $8800, so they are TOTALING the car for that!!!(I BOUGHT IT FOR $10,500 LAST YEAR!!!) Of course I want to buy the car back because I've built the damn thing, and they are charging me $4000 to buy it back. They said a car with flood damage is worth more than a car with structural damage which is why the buy back is higher, and YET they cover only 50% of value before totaling for flood damage instead of the normal(higher) %60.
Anyone ever delt with a buy back salvage deal, how will this affect future insurance? Acutally they said since the car was six years old I don't have to get a salvage title.
And the main reason they gave me to why they were totaling it was because of Electrical problems they've had in the past with cars in salt water, people have come back claiming problems with electronics associated with the same incident, and they say its in there best interest to call it a total loss and total it.

 

whos your insurance company?

 

All the stuff you are bitching about is very likely in the small print of your insurance policy (which most people don't bother to ever read). If after reading your policy - and the claims they are making regarding coverage are found to be untrue - then I would suggest you get an insurance lawyer to straighten this all out.

Otherwise - I would let them w/o the car and ditch it. The salt water corrosion issue is very true. You will not want that car.

The book value you are being given for your high mileage GSR is appropriate. It doesn't matter what you paid for it - that's what their actuarial tables say the value is. You will have to live with that one too.

p.s. insurance companies exist to make money - not provide awesome insurance coverage. you will be fighting a losing battle in my mind if you try and dispute this.


[Modified by Big Phat R, 5:47 PM 9/19/2002]

 

my dad's vigor had flood damage before he bought it. i think i almost agree with your insurance company on that part. but i think the rest of what they said is bs. why don't you talk to a lawyer?

 

The insurance company I'm with has a mother company, Ohio Casualties. As far as the salt water deal, I live on the coast where there is salt every where. My car was hit and hydrolocked in a matter of seconds. It took me about 3-4min to get out and push it back out. Its not like the interior was sitting under water, the water seeped in through the bottom of the doors somehow.
I've got all the mods in my sig built into the car AND I still OWE $4000 on my CAR LOAN. If I just let them take the car for the $8800 the loss of the mods and the depreciation from 10,500 I would loose about $7000 in this one year !!! I'm buying the car back and rebuilding it, it just feels like the insurance company just doesn't want to help me out. Well it is nice that they are covering it somewhat, I guess it could be worse if they weren't giving anything at all, its just that they are TOTALING my car over ~$5000 in damage(including Labor).

 

That sucks dude. I just got done dealing with insurance for my car settlement. A lady rearended me full-speed and totalled my Prelude. Like Big Phat R said, insurance companies exist to make money, not provide us with awesome coverage. They will always give us "coverage", but never the awesome coverage we feel we deserve.

$4000 buy back is REDICULOUS, don't settle for that. What you want to do is call local wrecking yards in your area and ask how much they'd pay for a totalled '96 GS-R with all the damage your car has. It should be $1500 or less. Then present that information to your insurance company. It sounds like you will be "losing" no matter what happens but at least fight for as much as you can. Good luck man.

 

why dont you pull all your mods off your car? You haev reciepts? Show them to them. If they dont pay you for the recipts they shoudl AT LEST let you pull off any piece you can PROOVE you own. And If i was you Id buy it for parts, pick up a wrecked or totaled car with a good engine and swap those puppies out. And yes welcome to depreciation.

 

I know your car. Youre a moron. Blew his timing belt on the street if I remember correctly. Geez. Nice job on the hydro-locking. I always knew you could do it. I like the way you put your money in flashy stuff but don't car about plug wires or how your rim's bent......



[Modified by EF9_SiR, 4:00 AM 9/22/2002]

 

**** yah. If you have reciepts for mods, then you better be able to pull them. That would REALLY REALLY **** me off..

 

how does blowing a timing belt on the street make you a moron? i know there are people on this board who have done it on the highway, especially with the toda spec b's if he was running them like his sig said. just my 2 cents but, dont know how that makes you stupid. as far as hydrolocking, well i cant justify any reason on that

 

hmmmmm damn that suck. I'd say pull all the mods out and save it for your next gsr Btw, was wondering did you not have a bypass valve to prevent hydrolock???? Btw, if you can get back some part i'l be happy to buy your skunk2 IM if its in still good working condition that is hehe and that is if you want to part it out or save for next?


[Modified by IgniteTeg, 3:50 AM 9/22/2002]

 

HOSTILE?

 

HAHAHAHAHAHA! Classic Honda-Tech! There is the no sympathy post, and then there is this!

Blow up your ****? Keep it to yourself, please. Insurance company raping you? Don't come here looking for sympathy. Drunk driver killed your little girl? Then you sir, must be an idiot.

Right now I am waiting for someone to chime in and tell this guy about how he shouldn't be driving a modified car unless he knows how to tighten his cam gears himself.


[Modified by 95GS-R, 6:13 PM 9/22/2002]

 

Not to cause a problem BUT how is this related to ITRs?

If the Ins Co is offering you 8800 cash why don't you just take it and go buy a 98 ITR for the rest of the money take a personal loan.

See I made this a ITR related post

 

Who in the hell is this guy..Um yea my timing belt shredded ten teeth, its happen to more than just me....The Hydrolock wasn't exactly my fault, (search for my post if you want to know the story)and what in the hell kinda flashy stuff are you talking about, I bought the car last year and its got BLING BLING 17" White rims, and other than that I'm running everything in my sig.(Man those performance mods are super bling bling) Jackass) and I've still got the stock cass/radio player...And WTF are you talking about my rim is bent..>?...The spark plug wires I've had on my car are ITR w/ like 60kmiles on them.... Man who knew we had such shitty scumon h-t. Actually I did, but I didn't konw I had them so close to me, man thats creepy.
By the way an update... I'm buying back the car, and the insurance company kinda screwed up in the three weeks we had it at the local shop(The in insurance had the shop start to fix it), and because I didn't authorize the work, the insurance company picks up the bill, so it saved me the cost on more than $1000 plus of work....lol...
Edit: Point of my thread was to get information from people who have experienced buying back and salvaging a totaled car...I had to come up with a creative title to get people to look....and I figured you guys would like some background..so I let you know what happened...Man some people


[Modified by Spyderwebab, 1:32 AM 9/23/2002]

 

I entirely disagree.

He's got nothing to lose by demanding more. The least he can get is what they've already offered him. They're not going to go any lower than that.

While it is true that insurance companies exist for nothing more than their own financial gain, there is no reason against trying to get more than their first offer. That is quite simply how it works. Most people <U>will</U> take the first offer the ins. co. makes, however it is almost always <U>less</U> than what they're willing to settle the claim for. They're going to lowball you in the hopes that you're one of the suckers who will accept their first offer without question. In a way it's similar to dealing with car salesmen. Polite persistance is often enough to get a better settlement than the first figure they throw on the table.

 

Damn man. Sad to hear bout it. I had alot of fun races in that car! BTW that car was bad ***...really was. Pulled strong and all. You know who i am dont you?!

Call me crazy but WTF how are you callin the 17" wheels bling bling and tryin to defnend yourself by sayin you have stock radio. I dont know anyone who blings on 17"s...this is 2002. Its classic H-T man you have to just take it with a grain of salt. If someone doesnt like it go on and finish up or give em the FU!

Anyways back to reason i posted...Make sure all the company policies on both mods and the condtions of what they will cover motorwise. See if theres a loophole. Im sure you arent the only person with that company that has had this happen so dont let them give you ****. It will be a hard battle but well worth it IMO...

In any case good luck!

 

 

i was just giving you a a hard time man.Ive enver even seen your car just heard about it. As for the hydrolocking. It happens a lot here so don't be to pissed off.


[Modified by EF9_SiR, 10:19 AM 9/23/2002]

 

When he gets his car back together you two should have a race (at drag strip, not street).

 

THis illustrates why you should never try to cross puddles (big or small)














Stay away from water - puddles are bad.

 

lmao!

 

owned.

 

No doubt!!

 

that really looks photosopped