1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

help with insurance company after wreck

Discussion in '1st Gen. Tacomas (1995-2004)' started by ETaco23, Aug 7, 2010.

  1. Aug 7, 2010 at 11:32 AM
    #1
    ETaco23

    ETaco23 [OP] Marshall offroad Fabrication

    Joined:
    Feb 2, 2008
    Member:
    #4544
    Messages:
    5,333
    Gender:
    Male
    First Name:
    Evan
    PNW
    Vehicle:
    13' Pyrite Mica TRD Offroad DCSB 4x4
    Color Match Grille, Bed mat, Icon's with JBA UCA's, Dakars and 295 BFG KO2, Bora 1" spacers, Snugtop Canopy, and my "Marshall Fabrication" Rock Sliders.
    As many of you know I got in a wreck a few days ago. And Im starting to think that it may be totaled.:(
    If so, I need some help getting the most I can out of the stupid Insurance company. I have way too much money and time into my truck to just get the KBB price.
    I need some references to print out and show. But I cant find anything like my truck on craigslist.
    I would like to maybe get 15k out of them if possible... Anyhelp appreciated. Thanks!
     
  2. Aug 7, 2010 at 11:54 AM
    #2
    scocar

    scocar Scouting the perimeter for weakness

    Joined:
    Nov 11, 2009
    Member:
    #25814
    Messages:
    31,431
    Gender:
    Male
    First Name:
    Dick
    In close proximity to an undisclosed location
    Vehicle:
    2015 DCLB 4x4 SR5
    Back to square one after the 2001. So...
    PM sent. Not DC, but hope it helps otherwise...
     
  3. Aug 7, 2010 at 11:56 AM
    #3
    scocar

    scocar Scouting the perimeter for weakness

    Joined:
    Nov 11, 2009
    Member:
    #25814
    Messages:
    31,431
    Gender:
    Male
    First Name:
    Dick
    In close proximity to an undisclosed location
    Vehicle:
    2015 DCLB 4x4 SR5
    Back to square one after the 2001. So...
    And BTW, every truck I found while looking was easily about 2k over KBB, and being snapped up quickly...
     
  4. Aug 7, 2010 at 12:01 PM
    #4
    Barnone

    Barnone Guest

    I'm afraid that the insurance company will go by KBB to value your truck. When one of my motorcycles was totaled I got a little extra because of new tires and some add ons but was still short on replacement cost.

    What is the repair estimate? Maybe you can buy the truck from the insurance company with the money they give you and use the difference to repair the truck?
     
  5. Aug 7, 2010 at 12:14 PM
    #5
    scocar

    scocar Scouting the perimeter for weakness

    Joined:
    Nov 11, 2009
    Member:
    #25814
    Messages:
    31,431
    Gender:
    Male
    First Name:
    Dick
    In close proximity to an undisclosed location
    Vehicle:
    2015 DCLB 4x4 SR5
    Back to square one after the 2001. So...
    And look at NADA ( I have never done this, but lots of guys swear by this being what the industry uses) and Edmunds.

    Also, compile all your receipts for all you mods (you have them, right?) or at least print current prices from internet vendors.

    You can negotiate with the insurance co, and you will have the opportunity to keep the truck if you think you'd rather have the repairs done yourself. You do not have to take their offer (at least, this is how it works in CA).

    BTW, what is the nature of the damage? I could have driven my 93 away, but they totalled it.
     
  6. Aug 7, 2010 at 12:25 PM
    #6
    Brunes

    Brunes abides.

    Joined:
    May 31, 2008
    Member:
    #7011
    Messages:
    17,641
    Gender:
    Male
    First Name:
    Rotorhead
    DC or New Jersey - Depends on the day....
    Vehicle:
    08 Red/Graphite and Satin Black
    Inside: Tint, Wet Okole 1/2 Piped Red/Black Covers, Black Weathertech Digital Fit Mats, URD Short Throw w/ TWM Weighted Knob, USA Spec iPod adapter. Outside: 4300K Retro w/ Angel Eyes and Red Shrouds, 5000K Blazer Fog Light Retrofit, Debadge, Bed Locking Handle, Satin Black Rims Performance: TRD/Steigmeier Blower w/ 2.7 Pulley. 668 Injectors and 320 LPH AEM Fuel pump. URD UCON and 7th Injector. DTLT Headers, URD Y-Pipe, Wicked Flow Muffler. Suspension: Both: OME Shocks Front: 886X's and TC UCAs Rear: Dakars Armor: Relentless Front Bumper Relentless High Clearance Rear w/ Tire/Rotopax Swing Out Relentless Front, Mid, and TCase skids BAMF Diff Skid Recovery and Spares: Fullsize Spare Tire 2x2 gal Rotopax 1x1 gal Rotopax 1x1 gal Water Rotopax Warn 9.5XP-S Winch Hi-Lift Extreme 60" Ironman Off-Road Recovery Kit
    NADA tends to help sellers, where KBB trends more towards buyers IIRC. The comparison might help...but it might not.

    You MIGHT be able to get some of the mods money back...but I would not hope for it. Most policies give you X dollars (mine is 1000) coverage for "add-ons" and then you have to specifically tell them about anything past that amount (ostensibly so they can reassess the risk/replacement value for the policy...realistically- You premium will go up).

    Good luck getting back to a truck...Hope you get what you feel is right.
     
  7. Aug 7, 2010 at 2:16 PM
    #7
    ETaco23

    ETaco23 [OP] Marshall offroad Fabrication

    Joined:
    Feb 2, 2008
    Member:
    #4544
    Messages:
    5,333
    Gender:
    Male
    First Name:
    Evan
    PNW
    Vehicle:
    13' Pyrite Mica TRD Offroad DCSB 4x4
    Color Match Grille, Bed mat, Icon's with JBA UCA's, Dakars and 295 BFG KO2, Bora 1" spacers, Snugtop Canopy, and my "Marshall Fabrication" Rock Sliders.
    Thanks guys! I will try to find some reciepts and stuff. But Im ganna try my hardest to get a fair amount. Like somewhere between 14-18k....
     
  8. Aug 7, 2010 at 2:26 PM
    #8
    clarkie152

    clarkie152 Well-Known Member

    Joined:
    Dec 25, 2009
    Member:
    #28146
    Messages:
    531
    Gender:
    Male
    MA
    Vehicle:
    13 MGM Tacoma DCSB
    None, yet
    lemme know if you wanna get those wet okole's off your hands!
     
  9. Aug 7, 2010 at 2:32 PM
    #9
    macgyver

    macgyver Well-Known Member

    Joined:
    Aug 14, 2009
    Member:
    #21173
    Messages:
    3,590
    Gender:
    Male
    First Name:
    Brad
    Canton, GA
    Vehicle:
    '13 Tundra double cab SR5 4x4
    Your insurance company should give you "fair market value" they will basically take a look at all of the tacomas similar to yours (same trim, condition, mileage, etc) that are selling within your area and they will give you the money it would take to purchase the same vehicle again.

    When I totalled my first car when I was a teenager I was surprised how much they gave me. They gave me $2k more than I was expecting.
     
  10. Aug 8, 2010 at 9:48 AM
    #10
    pairodice

    pairodice Well-Known Member

    Joined:
    Jul 8, 2009
    Member:
    #19456
    Messages:
    275
    Gender:
    Male
    First Name:
    Jay
    SF NM
    Vehicle:
    03 DCSB
    magnaflow cat back exhaust, K&N filter, gray wire, deck plate, ome 883's, ome dakar leafs, bilstien 5100's, blacked out grille, AVS bug shield & window vents, arb bull bar, hella 5in lights, mile marker 8k winch, debadged tailgate, energy steering rack bushings, custom rear bumper w/ hidden receiver, custom headache rack, ome greasable shackles, 4.88's w/solid spacer, SS extended brake line
    worked with lots of insurance companies at the body shop standard procedure is 80% of fair market value less deductable some companies will pay for aftermarket parts but not very many best of luck
     
  11. Aug 8, 2010 at 9:52 AM
    #11
    Matic

    Matic Locked and Lifted "02" DC TRD.

    Joined:
    Sep 8, 2009
    Member:
    #22436
    Messages:
    12,277
    Gender:
    Male
    First Name:
    Rich
    Greenville,sc
    Vehicle:
    2002 TRD prerunner,SR5, doublecab
    OME 881 coils with OME nitrochargers shocks up front. TC UCA's OME Dakars with extra leaf in the rear. Warn 8000 winch with 80ft custom braided synth line. Custom 60ft synth extension. All pro tube bumper, Hi-lift jack, Safari Snorkel, Wilco tiregate.
    How much did you owe, if anything. If you don't mind me asking?
     
  12. Aug 8, 2010 at 10:02 AM
    #12
    BAT24

    BAT24 Well-Known Member

    Joined:
    Sep 20, 2008
    Member:
    #9361
    Messages:
    320
    Gender:
    Male
    Ohio
    Vehicle:
    TRD Rugged Trail
    TRD - CAI Sport Hood Sport Grille Sport Headlights OEM LED Tails Factory Roof Rack
    The insurance company will do a market value search based off of your zip code. NADA and KBB are basically a guideline as they encompass a region not a local market which is what the insurance company owes. Most aftermarket items do not add much value as they are considered preferential items. The value will be based off of mileage options and conditioning.. PM me for more info, its what I do for a living...
     
To Top