Accident 2 weeks ago. (Should I Repair or Sale my Honda CRV-EX 2010)

[GobbleGobble 0]

IMHO the OP should worry about something else much more urgent and important: the ability to renew his policy when it's time. Most insurance companies have provision that allows them to NOT renew the policy if there have been 2 or more claims in a calendar year.

Then further down the road, BOTH he and his wife will have a hard time to find "reasonable and bargain" deal from the next insurance company that is WILLING to underwrite their new policy.

Let this story be a reminder to those with new inexperienced new driver spouses. Treat them just like your teenager children. If you do think they're too risky then either don't provide them with too "brand new" vehicles or simply let them utilize "public" transportation.

Edited December 13, 2011 by GobbleGobble

[hniHnitsuJ 8]

You mean the value of your car WAS $24K before it was wrecked. It's not worth anywhere near that much now. Even if you paid for all of the repairs it wouldn't be worth that much because of the frame damage.

Cars aren't designed to survive a crash in repairable condition anymore. They're designed to absorb impact in a way that destroys the integrity of the car while protecting the passengers inside. Most cars that are even a few years old are a total loss after even a minor collision.

$7500 sounds like a pretty good offer, but shop around and see if you can get a better one. If not then I'd take that offer.

Yes, Anh Chim. My car was worth $24k in the Kelley blue book before it wrecked.

Anh Jim, and Dan_P, and All.

I think I am happy with selling $7500, or maybe more?

The reason why I want to fix it for $7k-$8k because we both need another car. (because I am driving my old toyota camry)

Notes: I have few friends are mechanics. (But, few agrees I should sell this car)

Dai, I think my insurance did give me the high value of estimate my car.

[Dai. 7]

No but you can go after them with the depreciated value and get your money back that way.

They can give you a $10,000 depreciation check and fix your car. Make sure the pull the frame back as best they can though.

Edited December 13, 2011 by Dai_Tx

[Darnell 8,478]

Jim, OK OK - a 240 Wagon, instead.

[Deputy Purple 1,294]

No offense to the OP but I'm just glad his wife lives in California otherwise I'd be worried that the next car she hits would be mine (driven by my wife or I)...

[hniHnitsuJ 8]

No but you can go after them with the depreciated value and get your money back that way.

They can give you a $10,000 depreciation check and fix your car. Make sure the pull the frame back as best they can though.

Dai, let me call my insurance, and see what they can do for me?

Thanks. It's too late? since I already got the check for 14K to fix my car?

[Dai. 7]

Nope you have 6 months to claim diminished value. It is going to be a separate claim to get that second check.

[brian_n_phuong 193]

Ya Ya Ya

Keep keep finding ways to scam the insurance industry.....

and then everyone bitches because thier insurance rates goes up....

Welcome to the NEW America, where everyone wants to cash in on something instead of excepting personal responsibility for thier own actions. Cashing in is a great concept, just means you hurt the big insurance company,right??? Those costs get passed along to to the rest of us who played by the rules.

[Dan_P 5]

Ya Ya Ya

Keep keep finding ways to scam the insurance industry.....

and then everyone bitches because thier insurance rates goes up....

Welcome to the NEW America, where everyone wants to cash in on something instead of excepting personal responsibility for thier own actions. Cashing in is a great concept, just means you hurt the big insurance company,right??? Those costs get passed along to to the rest of us who played by the rules.

I don't see this as scamming the insurance company. Unless, his wife intentionally hit another car, or he is claiming more damages than the accident caused, which doesn't seem to be the case here. The insurance has an obligation to pay for the fair market value to repair the car. If the op decides not to fix it, the insurance company isn't out any money since they would have paid it to repair the car anyways.

[GobbleGobble 0]

I don't see this as scamming the insurance company. Unless, his wife intentionally hit another car, or he is claiming more damages than the accident caused, which doesn't seem to be the case here. The insurance has an obligation to pay for the fair market value to repair the car. If the op decides not to fix it, the insurance company isn't out any money since they would have paid it to repair the car anyways.

Agree to this! The insured has the right to ask for compensation once the "fair" market value of a vehicle has diminished. But keep in mind the insurance companies keep track of claims (those "at-fault" claims will hurt the most) via C.L.U.E reports.

Even when the OP runs away from the current insurance company, the next one who is willing to insure his family still can look up these claims. They (the insurance companies) ALWAYS have the upper hand. Claim all you want and see who comes out the winner at the end.

Edit to add: this is one of the major differences between driving in the US and in VN. In VN if you're involved in an accident, it won't follow you and haunt you. Totally different in the US. New immigrants need to be aware of this.

Edited December 14, 2011 by GobbleGobble

[Deputy Purple 1,294]

I don't see this as scamming the insurance company. Unless, his wife intentionally hit another car, or he is claiming more damages than the accident caused, which doesn't seem to be the case here. The insurance has an obligation to pay for the fair market value to repair the car. If the op decides not to fix it, the insurance company isn't out any money since they would have paid it to repair the car anyways.

I kind of agree that the whole claim for diminished value of the vehicle when you're at fault is a scam on the insurance company.

If someone else hit you then sure claim diminished value to their insurance but seriously why not take responsibility for your own actions.

BTW, OP did you ever pay the Police fee from the other thread?

[GobbleGobble 0]

No offense to the OP but I'm just glad his wife lives in California otherwise I'd be worried that the next car she hits would be mine (driven by my wife or I)...

They aren't the worst drivers on the roads imho. The one that you wish you would NEVER encounter is the UNINSURED one! Plenty of illegal and legal immigrants driving around without legal required liability.

I can't wait til the US Supreme Court has its saying about that Arizona immigration law. I've been hit by uninsured illegal immigrant drivers twice. They need to be outta this country since some of them simply just don't care to obey the laws.

Edited December 14, 2011 by GobbleGobble

[Anh map 2,098]

No but you can go after them with the depreciated value and get your money back that way.

They can give you a $10,000 depreciation check and fix your car. Make sure the pull the frame back as best they can though.

Dai, Is this possible for when the insured is at fault?

[Dai. 7]

Dai, Is this possible for when the insured is at fault?

In some states it is. Do a search on diminished value claim and they will tell you what state is acceptable on having this claim.

[Dai. 7]

I haven't looked at it in a long time so I am not sure. All my accidents, I was never at fault.

Edited December 14, 2011 by Dai_Tx