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09-05-2011, 04:04 PM | #1 |
Scooby Newbie
Member#: 152485
Join Date: Jun 2007
Location: Charlotte, NC
Vehicle:2007 WRX White |
Hail damage...repair or pocket the money? ($5,200)
Had a horrible hail storm recently in NC, comprehensive has a $500 deductible, I can live with the damage and wouldn't mind keeping/investing the insurance payout. My 1st estimate was $5,200 in damage. It's a 2007 WRX, stock, 45k miles. The damage is on the hood and roof mostly, some on trunk too.
I plan to keep the car another 5 years (until it hits 100k about). I think I would make out better by keeping the money and not repairing it. What would you do, and why?
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09-05-2011, 04:10 PM | #2 |
*** Banned ***
Member#: 16200
Join Date: Mar 2002
Vehicle:OK buy Nates beans westcoastroasting.com |
sometimes paintless dent removal guys can work wonders.....other than the hood...its aluminum and is done
I'd pocket the $$$ and invest it |
09-05-2011, 04:13 PM | #3 |
Scooby Newbie
Member#: 152485
Join Date: Jun 2007
Location: Charlotte, NC
Vehicle:2007 WRX White |
Also another question...should I get a few more estimates, and go with the highest, so I can pocket the most?
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09-05-2011, 04:16 PM | #4 |
Scooby Newbie
Member#: 206124
Join Date: Mar 2009
Location: Edmond, Oklahoma
Vehicle:2011 WRX 4-door Satin Pearl White |
It never hurts to get more estimates. 5200 is an awful lot for hail damage... You should take some pictures and post them. Hail is hard to get good pictures of, but with that kind of damage, I am willing to bet its viewable.
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09-05-2011, 05:11 PM | #5 |
*** Banned ***
Member#: 16200
Join Date: Mar 2002
Vehicle:OK buy Nates beans westcoastroasting.com |
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09-05-2011, 05:45 PM | #6 |
Scooby Specialist
Member#: 201665
Join Date: Jan 2009
Chapter/Region:
SCIC
Location: Tustin Ranch,CA
Vehicle:Yep MmmMM CF.... Evil Cat from Hell |
Doubt they are just going to let you just pocket the money and not pay anything toward repairs...
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09-05-2011, 06:44 PM | #7 | |
Add Lightness
Moderator Member#: 13699
Join Date: Dec 2001
Chapter/Region:
NESIC
Location: Hopkinton, MA
Vehicle:2021 Building It Better |
Quote:
If the hail dammage doesn't bother you, take the money. The insurance company will take that into account for any future claims on the car. So, for example, if the car is in an accident and totaled, they'll subtract that $5200 from your payout. If you don't mind the dammage, drive it into the ground. |
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09-05-2011, 08:09 PM | #8 |
Medium Frank
Moderator Member#: 140114
Join Date: Feb 2007
Chapter/Region:
MAIC
Location: Common Sense, VA
Vehicle:2020 Subaru Outback |
Who do you have insurance with? Is their a loan on the vehicle?
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09-05-2011, 08:57 PM | #9 | |
Scooby Specialist
Member#: 279935
Join Date: Apr 2011
Chapter/Region:
E. Canada
Location: Sudbury, ON, Canada
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09-05-2011, 09:35 PM | #10 |
Scooby Specialist
Member#: 106747
Join Date: Feb 2006
Chapter/Region:
South East
Location: Hotashell,Fl
Vehicle:04 forester xt crp |
nice catch jr ^^^ lol!!!!
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09-05-2011, 10:26 PM | #11 |
Scooby Specialist
Member#: 112220
Join Date: Apr 2006
Chapter/Region:
NESIC
Location: Waltham, MA
Vehicle:2011 WRX 5DR Premium DGM |
If you pocket the money and don't fix the car, if you get hit/hit something and they do another appraisal be prepared to take that $5200+ hit on car value. They may total it because now it's worth $5200 less because of the pre-existing damage.
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09-05-2011, 10:51 PM | #12 |
Scooby Specialist
Member#: 279935
Join Date: Apr 2011
Chapter/Region:
E. Canada
Location: Sudbury, ON, Canada
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09-05-2011, 11:13 PM | #13 |
Scooby Newbie
Member#: 244980
Join Date: Apr 2010
Chapter/Region:
MWSOC
Vehicle:2010 STI SE Aspen White |
you got an estimate, but what did your insurance company say about the estimate? If they're offering you $5,200 cash, take it, because you can get your car fixed for a lot less.
That said, a shop could estimate the repair at $10,000. It doesn't mean your insurance company is going to pay it. Keep in mind there are literally thousands of people & companies who swarm over disaster sites to gain a buck. whether your insurance company plays nice with them is what matters. |
09-06-2011, 12:15 AM | #14 |
Scooby Specialist
Member#: 144791
Join Date: Mar 2007
Chapter/Region:
South East
Location: Savannah,Ga
Vehicle:2004 Forester XT Silver |
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09-06-2011, 12:18 AM | #15 |
Scooby Specialist
Member#: 144791
Join Date: Mar 2007
Chapter/Region:
South East
Location: Savannah,Ga
Vehicle:2004 Forester XT Silver |
Take the car too a shop, let them give you an estimate. Insurance companies WILL rape you expecting you to take the offer and run. You can talk shops into replacing it with cf panels or whatever you want as long as you can figure a way to not take out of their pockets.
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09-06-2011, 01:02 AM | #16 |
*** Banned ***
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Chapter/Region:
NWIC
Vehicle:. Guess who's back. Back again. |
Fixing cosmetic damage is for suckers.
Rather have a ****ty looking fast car than a nice looking slow car. |
09-06-2011, 08:09 AM | #17 | |
Scooby Specialist
Member#: 144791
Join Date: Mar 2007
Chapter/Region:
South East
Location: Savannah,Ga
Vehicle:2004 Forester XT Silver |
Quote:
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09-06-2011, 08:34 AM | #18 |
Scooby Newbie
Member#: 152485
Join Date: Jun 2007
Location: Charlotte, NC
Vehicle:2007 WRX White |
State farm insurance, and my car is fully paid off. I'll just fax this $5,200 quote to them and see what they say. I took it to a body repair shop that State Farm said is authorized repair by them, so I don't think they will deny the estimate cause it was the place of their choice.
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09-06-2011, 10:50 AM | #19 |
Scooby Newbie
Member#: 263675
Join Date: Nov 2010
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Good luck if you decide to get it repaired. I had a terrible experience with the body shop that repaired my hail damaged WRX.
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09-06-2011, 10:57 AM | #20 |
Scooby Newbie
Member#: 152485
Join Date: Jun 2007
Location: Charlotte, NC
Vehicle:2007 WRX White |
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09-06-2011, 12:47 PM | #21 |
Scooby Newbie
Member#: 263675
Join Date: Nov 2010
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They did a good job replacing the panels and matching the color to OEM, but every other aspect of the repair looks like a 12 year old did it.
- the shop scratched the hell out of the blackouts around each window while buffing - scratched the new paint down to the metal in several places - broke plastic interior covers and tried to stick the broken pieces on with what looks to be caulk - left epoxy and hair on my window - creased my headliner and got it dirty/oily when putting it back in - didn't install a lot of interior trim / panels correctly - scratched my dash - scratched my leather seat All of that took them a month to complete. Then it took them another two weeks to fix their mistakes. It looks OK now, but my car will never be the same. |
09-06-2011, 01:05 PM | #22 |
*** Banned ***
Member#: 16200
Join Date: Mar 2002
Vehicle:OK buy Nates beans westcoastroasting.com |
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09-06-2011, 01:06 PM | #23 | |
Scooby Specialist
Member#: 112220
Join Date: Apr 2006
Chapter/Region:
NESIC
Location: Waltham, MA
Vehicle:2011 WRX 5DR Premium DGM |
Quote:
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09-06-2011, 01:07 PM | #24 | |
*** Banned ***
Member#: 16200
Join Date: Mar 2002
Vehicle:OK buy Nates beans westcoastroasting.com |
Quote:
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09-06-2011, 06:17 PM | #25 |
Scooby Newbie
Member#: 280370
Join Date: Apr 2011
Location: CA
Vehicle:2012 Sport Premium Ice Silver Metallic |
since the car is paid off...pocket the $$$...then switch to liability only coverage and drive carefully and save a crap ton of money on insurance. Once you decide to get rid of the car, you would have pocketed ~$10k.
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