by Guest » Thu Mar 25, 2010 11:28 pm
I am a Missouri resident. My vehicle was stolen, recovered wrecked. The repairs may have or will possibly exceed 80% of the actual value of the vehicle. Am I required to keep the vehicle if the repairs exceed the 80%?
Posted: Thu Mar 25, 2010 11:32 pm Post Subject:
Am I required to keep the vehicle if the repairs exceed the 80%?
Depends...first of all I assume by required to keep, you mean not totaled...because you're NEVER required to keep a car...Secondly the percent law in MO is not a flat percent..and does not apply to all cars...ie, in that 80% of repair costs..sales tax is removed, as are ALL airbag related repairs, which can (and does) drop the repair estimate.Vehicles don't ONLY total on the percent rule. If the cost of repair, is more than the ACV (actual cash value) minus the salvage value, the vehicle also totals...
Has the adjuster or shop not written an estimate of repair yet? Do you know what the ACV of your vehicle is? How old is your vehicle? I think it's 6 or 7 years or older the 80% law does not affect...I'll have to check that, (never can keep that one in my old bean :roll: )
Posted: Fri Mar 26, 2010 12:29 am Post Subject: Am I required to keep the vehicle if the repairs exceed 80%?
Yes, I mean not deemed a "total loss" The vehicle is currently being repaired. How much more repair work can they do to this vehicle. The cost of repair along the way, may or has exceeded 80% of the ACV of vehicle. I do know the ACV. The vehicle is less than 6yrs old
Posted: Fri Mar 26, 2010 12:37 am Post Subject:
If the vehicle was properly torn down (taken apart) and everything that is damaged is properly documented, then there should have been an amount generated that would probably be close to a dollar figure of the final repair amount. This should have already been done, so no suprises or more money.
There should be no cost of repair along the way if this has been done.
Posted: Fri Mar 26, 2010 01:01 am Post Subject:
"There should be no cost of repair along the way if this has been done."
I understand what you are saying. However as I stated the vehicle is still in the shop. Repairs are being made, with more to come, as more damages continue to be found. What I don't understand is how long this can continue? Or if the repair costs are to exceed the 80% then what?
Posted: Fri Mar 26, 2010 01:32 am Post Subject:
I know what you are saying. But if the shop is continuing to find damages that need to be fixed, your vehicle was not thoroughly inspected before repairs began. A vehicle that is properly disassembled and areas of damages are documented, an estimate can be generated that will most likely reflect the overall cost of the entire repair. Professional and reputable body shops do this. If there are more repairs to come, I would be concerned that my vehicle was not in the hands of a professional repairer. It can continue I guess, as long as the repair doesn't exceed the value of the vehicle. Just who in the heck is repairing your car? As I said before, if this had been done the shop would have known way before they even turned a wrench that the vehicle could have the possibility of approaching 80% of it's value.
Posted: Fri Mar 26, 2010 01:54 am Post Subject:
The repairs are being done at the dealership. It was expressed to me that there was no way of detecting all the damage until progressive repairs were made. The shop and ins. both told me that it would not be possible to identify all damages initially. As the teardown/repairs were conducted they expected to find more damages. An initial estimate was done before teardown and I believe afterwards, but damage missed. There have been multiple supplements. Is the 80% "total loss" not relevant since repairs have been made up to this point? I am concerned with receiving a "salvage title" also.
Posted: Fri Mar 26, 2010 02:02 am Post Subject:
The repairs are being done at the dealership. It was expressed to me that there was no way of detecting all the damage until progressive repairs were made.
:lol: :lol: :lol: :lol: :lol: :roll: :roll: :roll: :roll:
Sorry, insurance companies DO NOT REPAIR CARS!
The shop and ins. both told me that it would not be possible to identify all damages initially.
I will pray for your car.
As the teardown/repairs were conducted they expected to find more damages. An initial estimate was done before teardown and I believe afterwards, but damage missed.
As I suspected, they didn't do this right. What else did they miss? :shock:
There have been multiple supplements.
I think I need to lie down.
Posted: Fri Mar 26, 2010 10:27 am Post Subject:
Is the 80% "total loss" not relevant since repairs have been made up to this point? I am concerned with receiving a "salvage title" also.
Yes, it's still relevant...there are times (should be rare) when additional damage is found...(ie susp/steering found at alignment etc)..but rare..Sorry, insurance companies DO NOT REPAIR CARS!
Trench you silly bean...I think she was using the word "progressive" as a verb.. :lol: :lol: NOT a proper name..ie as the repair progressed, additional damage was found, and additional supps added...I can't imagine Progressive Ins..allowing a 'running' supp.. :wink: that's how I took it anyway..OP, if your carrier would 'accidentaly' fix a total..then they would have to ask you, 'do you still want your vehicle that we were morons and repaired a total or do you want us to total it?'. If you are concerned that by the repairs eclipsing 80% your vehicle will automatically get a sal. title, the answer is no, not unless the carrier would total it, and notify the state.
What is your ACV and how did you determine it? Also, what are the repair cost as of right now? And did the airbags blow?
Posted: Fri Mar 26, 2010 11:22 am Post Subject:
Trench you silly bean...I think she was using the word "progressive" as a verb.. NOT a proper name..ie as the repair progressed, additional damage was found, and additional supps added...I can't imagine Progressive Ins..allowing a 'running' supp.. that's how I took it anyway..
Well, maybe so. But the fact that even the shop would say such a thing is crazy. But I have heard insurance staff appraisers say similar things. IMO, a shop that would say such a thing is not a reputable or professional shop, especially with a "running supplement". When I was a shop manager if I ever heard one of my employees make a comment like that to a cusomer, they would have gotten the cane pole! I just wrapped a 2009 Lexus ES 500 that was hit hard in the front. My original estimate was $7000.00, the only supplement was for $200 for parts price differences. I won't even write an estimate when I go to a shop if a vehicle has severe damage and/ or needs to be torn down. That's a waste of everyone's time.
Posted: Fri Mar 26, 2010 12:13 pm Post Subject:
I agree...I have however, heard of some smaller carriers, that actually allow the shops to run, and settle it all at the end...dangerous, dangerous water to tread...and (IMO) even the best shops can get a bite from the 'greed' bug...that's basically giving them an open check book...wouldn't be my way to do biz...nor would it have been tolerated (when i was in the shop) by any carrier I worked with..
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