E90Post
 


TNT Racewerks
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > General E90 Sedan / E91 Wagon / E92 Coupe / E93 Cabrio > Insurance Question - Accident



Reply
 
Thread Tools Search this Thread
      04-04-2012, 11:26 AM   #1
Brey335i
Brigadier General
Brey335i's Avatar
52
Rep
4,737
Posts

 
Drives: e46 ///M3
Join Date: Oct 2009
Location: Austin, TX

iTrader: (11)

Insurance Question - Accident

I was in an accident recently, and the body shop believes it will be a total loss.

I was just wondering if anyone has any experience with this stuff. I live in Texas.

How much damage usually has to be caused for it to be a total loss. The car is a 2007 335i coupe. I estimate the retail value of the vehicle to be no more than 24,000 if even. It's got 75000 miles on it.

I am just looking for some guidance as to what to expect.
Appreciate 0
      04-04-2012, 11:58 AM   #2
idrift4wd
Brigadier General
45
Rep
3,378
Posts

 
Drives: Three Hundred and Thirty Five
Join Date: Jul 2010
Location: Yonkers NY

iTrader: (0)

Garage List
2007 BMW  [3.50]
they said if the damage is at least 1/2 or 3/4 of the cars total value. its totaled.

They will give you a check on what they think its worth. They will call you when their insurance agent looks at your car to talk about the money aspect.
Appreciate 0
      04-04-2012, 12:01 PM   #3
Potty_Pants
Colonel
Potty_Pants's Avatar
United_States
29
Rep
2,191
Posts

 
Drives: 2012 Genesis Sedan Rspec
Join Date: Apr 2007
Location: Southern NJ

iTrader: (0)

if the car is totaled my previous insurance solicited a 3rd party to provide quotes for the same vehicle in the local area... with consideration of preventative maintenance paid for over the life of my ownership.

ppp

p.s. price paid by insurance was slightly above what i was hoping for.
__________________
Olds Starfire > Chevy Malibu > Isuzu I-mark RS & Honda Magna 500 > Grand Am GT & YSR50 > Nissan Maxima & Ninja 750 > X-Wife > Hyundai Excel > Honda Prelude > Honda Accord > Honda Prelude & Ninja 250> Infiniti G35 > E90 335i > Hyundai Genesis Rspec, Hyunadai Sonata > Kia Sorento > Honda CRV-EX
Appreciate 0
      04-04-2012, 12:11 PM   #4
middleagedhippie
Private
0
Rep
98
Posts

 
Drives: 2011 328i
Join Date: Feb 2012
Location: central florida

iTrader: (0)

Totalled, at least in Florida, is usually when damage is 75% - 80% of the cars value. Take note that Insurers routinely attempt to pay about 30% less than the retail value of the car when paying totalled value. Treat any offers by an insurance company as highly suspect. I would expect in Texas, as in most States, you are entitled to recover the retail value of the car plus taxes and licensing fees, so that you are put in the same position after the accident as you would have been before the accident. If the accident is NOT your fault, you should collect the value of your deductible from the other person's insurance company if your company is paying under your comprehnsive policy. If an insurer refuses to pay full value, consider a lawyer or small claims court. In Florida at least, the insurer, if it is your insurance company, pays for your attorney fees if you prevail in your lawsuit.
Appreciate 0
      04-05-2012, 11:15 AM   #5
bulldog x6
Major General
65
Rep
5,022
Posts

 
Drives: x6 panzer
Join Date: Oct 2008
Location: probably work

iTrader: (28)

Quote:
Originally Posted by Brey335i View Post
I was in an accident recently, and the body shop believes it will be a total loss.

I was just wondering if anyone has any experience with this stuff. I live in Texas.

How much damage usually has to be caused for it to be a total loss. The car is a 2007 335i coupe. I estimate the retail value of the vehicle to be no more than 24,000 if even. It's got 75000 miles on it.

I am just looking for some guidance as to what to expect.
sorry to hear man - at least you are ok
Appreciate 0
      04-05-2012, 01:48 PM   #6
Doctor///M
Colonel
Doctor///M's Avatar
52
Rep
2,245
Posts

 
Drives: F80 M3, R56 MCS
Join Date: Feb 2012
Location: HTX

iTrader: (4)

Garage List
2015 BMW M3  [4.00]
2009 BMW 335i  [0.00]
2010 MINI Cooper S  [0.00]
Long story short - my A4 was totaled by Audi of Austin. The damages came up to roughly 85% of the car's value. The insurance company should be transparent as to the criteria that they use to evaluate a total loss. Good luck with finding a replacement! Couldn't come at a better time if you're upgrading to LCI.
__________________
2015 BMW M3 (ED 03 Nov 14) /l\ Austin Yellow /i\ 6MT /l\ Exec Pkg /i\ HK Audio /l\ 437M
CCA Member
Appreciate 0
      04-05-2012, 09:44 PM   #7
Redneck_Randy
New Member
United_States
0
Rep
7
Posts

 
Drives: BMW 335i
Join Date: Apr 2012
Location: Hillbilly Tennessee Yeehaww!

iTrader: (0)

Garage List
2007 BMW 335i  [0.00]
q
Appreciate 0
      04-06-2012, 12:22 AM   #8
be1ieve1111
Thread Killer
United_States
9
Rep
921
Posts

 
Drives: 2011 E92 335i
Join Date: May 2010
Location: Indiana

iTrader: (9)

Send a message via AIM to be1ieve1111 Send a message via Yahoo to be1ieve1111 Send a message via Skype™ to be1ieve1111
No need to create this thread really since one of these is posted everyday. Only your insurance adjuster can tell you if it is. You can always fight it, but that's that. You can't come on here without any pictures and ask for opinion and guidance.
Appreciate 0
      04-06-2012, 06:41 AM   #9
Potty_Pants
Colonel
Potty_Pants's Avatar
United_States
29
Rep
2,191
Posts

 
Drives: 2012 Genesis Sedan Rspec
Join Date: Apr 2007
Location: Southern NJ

iTrader: (0)

Quote:
Originally Posted by be1ieve1111 View Post
No need to create this thread really since one of these is posted everyday. Only your insurance adjuster can tell you if it is. You can always fight it, but that's that. You can't come on here without any pictures and ask for opinion and guidance.
Actually, he's allowed to...

Back in January of 2010 E90post gave out passes for something that happened. consequently he's using this pass now.

ppp
__________________
Olds Starfire > Chevy Malibu > Isuzu I-mark RS & Honda Magna 500 > Grand Am GT & YSR50 > Nissan Maxima & Ninja 750 > X-Wife > Hyundai Excel > Honda Prelude > Honda Accord > Honda Prelude & Ninja 250> Infiniti G35 > E90 335i > Hyundai Genesis Rspec, Hyunadai Sonata > Kia Sorento > Honda CRV-EX
Appreciate 0
      04-11-2012, 06:51 AM   #10
loydholman
New Member
0
Rep
10
Posts

 
Drives: awesome
Join Date: Apr 2011
Location: Joy, Kentucky

iTrader: (0)

If you have good pictures, a good insurance company, and good claim filing skills and good coverage, you can expect a fair deal. Sorry about the accident and I’m glad no one was hurt. Things like these make me want to get a high coverage for my car and the AARP car insurance estimate calculator is allowing that at a reasonable premium.

Last edited by loydholman; 04-18-2013 at 03:46 AM.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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 Off
Forum Jump


All times are GMT -5. The time now is 08:54 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST