[Kabrich]

Originally Posted by kadify

I'm curious about something regarding parts. So I got a check for the parts needed to fix my car, but they were all billed at msrp, and obviously the repair facility is going to get them at invoice (or better). Heck even I could buy the parts at getbmwparts at near invoice. So do I just deal with the repair facility to make sure they don't try to overcharge me for parts?

The newer the body style, the less likely to find used body parts.

The back of the check probably has a release where you endorse to cash.

If the body shop finds hidden damage and you've cashed the check, you could have a headache.

[Kabrich]

Originally Posted by kadify

I pay that much for my car with statefarm because of my age xD

Wait to your next bill after filing this claim.

[kadify]

Originally Posted by Kabrich

The newer the body style, the less likely to find used body parts.

The back of the check probably has a release where you endorse to cash.

If the body shop finds hidden damage and you've cashed the check, you could have a headache.

Yeah haven't cashed the check yet, heck the car still won't be at the repair facility until monday because they were so busy.

Originally Posted by Kabrich

Wait to your next bill after filing this claim.

That's the sad news. I'm still hopeful the police will pull through and just determine the other driver was liable, since they were, but it's been two weeks and the open investigation officer informed me that basically the other driver has to bring the car in to be reviewed. They literally gave the guy a deadline. By now I'm sure he's had whatever cosmetic damage that occurred to his own car fixed so he can take it in=/

[Kabrich]

Originally Posted by kadify

That's the sad news. I'm still hopeful the police will pull through and just determine the other driver was liable, since they were, but it's been two weeks and the open investigation officer informed me that basically the other driver has to bring the car in to be reviewed. They literally gave the guy a deadline. By now I'm sure he's had whatever cosmetic damage that occurred to his own car fixed so he can take it in=/

You get "Insurance Points" which are different from "license points" that go towards setting your rate regardless just for being in the accident. And those points stay with you for 5 years, not 3 years like license points.

Whether they ticket the other driver or not, you (or in this case your Insurance Company as they are apparently funding the claim) can go after the other Driver in Civil Court for the damages - and you should join in with them for your deductible.

Actually, even if Insurance Company didn't go after them, you could probably after them in small claims court for your deductible and also for the amount your Insurance goes up as a result.

I sure would if I were you.

[kadify]

Originally Posted by Kabrich

You get "Insurance Points" which are different from "license points" that go towards setting your rate regardless just for being in the accident. And those points stay with you for 5 years, not 3 years like license points.

Whether they ticket the other driver or not, you (or in this case your Insurance Company as they are apparently funding the claim) can go after the other Driver in Civil Court for the damages - and you should join in with them for your deductible.

Actually, even if Insurance Company didn't go after them, you could probably after them in small claims court for your deductible and also for the amount your Insurance goes up as a result.

I sure would if I were you.

Yeah I've been talking to insurance over that. My claims person said that if it's their fault they plan on going after them for all of the costs and my deductible back. It's just a waiting game since the police are taking their sweet time.

[PETERYanni]

Same happened here, go to a BMW Collision Center and save yourself the trouble. The insurance company will do the car at the center of your choice. Good luck man, it is obvious it isn't your fault. It depends on your state but here in California i was proven i wasn't at fault so they also waived my deductible.

[//M]

Originally Posted by Kabrich

I have had quite a few new 6 figure sticker cars and never paid over $100 a month ($1200 a year) This includes several Sports Cars like Vipers, Porsche and MB.

And Florida has a high theft rate and uninsured motorist because of illegal immigrants (or undocumented aliens if you want to bend the truth).

My BMW Insurance just crossed $1000 a year w/ $1M liability and $250k property damage - though I do have $1k deductible on comp and collision as I would not file a claim for less than $2k as I would end up paying for it multiple times over during the next 5 years. The sticker on my BMW was just under $65k

What company?

[Kabrich]

Originally Posted by tifosielia

What company?

Geico

And as a comical note, I just logged on to their website and there is a notice that i have just qualified for "accident forgiveness". Have no idea how....or if it really means anything - as I trust Insurance Companies about as much as Politicians and Lawyers.

"Accident Forgiveness

I have Accident Forgiveness on my policy. What does that mean?

Qualifying for Accident Forgiveness means that if you, or a driver on your policy over the age of 21, cause an accident that would normally result in a surcharge, that surcharge would be waived.
Accident Forgiveness is our way of saying "thank you" for your safe driving habits, and for your long-standing relationship with GEICO.
GEICO accident forgiveness eligibility is determined by your specific policy type, as well as your state laws and regulations. Terms vary according to state law."

There are 2 things about Geico that I wanted and they did not have.

1) Gap Coverage (If payoff of a totalled car is more than it's worth, it covers the difference). Geico does not offer (at least in Florida). However, BMWFS does cover this this, so it is a wash - atleast while you lease through BMWFS.

2) 1 Model Year Newer (as some have seen through Liberty Mutual). Unfortunately, as I found out after getting a full quote, Liberty Mutual DOES NOT offer it on Lease Cars - which is an important factor to consider.

If I recall correctly, LM sent me something right after I started the BMW lease 3 years ago. Claimed they had a tie in with BMW for cheaper rates. So I went through their whole laborious process for a quote - and they were 3x more than Geico!!!! And they would not even give me the Liability Coverage that I have with Geico for that amount!

So much for a BMW tie in!

[//M]

Originally Posted by Kabrich

Geico

Exactly my point.

[Kabrich]

Originally Posted by tifosielia

Exactly my point.

After reading your 3 words - and having no idea what you are talking about - I have gone through the thread and looked at your previous posts and still have no idea what "Exactly my point" means to me having Geico - especially as you and I have been on the same side this entire thread

[kadify]

Originally Posted by Kabrich

After reading your 3 words - and having no idea what you are talking about - I have gone through the thread and looked at your previous posts and still have no idea what "Exactly my point" means to me having Geico - especially as you and I have been on the same side this entire thread

I think they were just insinuating that geico wasn't a good company

[Kabrich]

Originally Posted by kadify

I think they were just insinuating that geico wasn't a good company

As I said in my first post in this thread, I have spoken with multiple high end repair shops over the past 3 years and they tell me ALL Insurance Companies are pushing for used OEM Parts. In fact Tisofielia agreed with that post +100.

So in that case, Geico is no better than than any others

In a world where all the Companies suck the same, the one with the lowest policy price wins.

And when anyone else can beat the rates/limits I posted on a $65k Sticker BMW, let me know.

[//M]

Originally Posted by Kabrich

After reading your 3 words - and having no idea what you are talking about - I have gone through the thread and looked at your previous posts and still have no idea what "Exactly my point" means to me having Geico - especially as you and I have been on the same side this entire thread

Well Geico is in the running for the cheapest in my experience. (Northeast USA)

But the point I was trying to make was people go with the cheaper company and wonder why they get squeezed on their settlement forbid their car gets totaled. Or wonder why your company is pushing for aftermarket on your year and half old car.

Worst though would be getting a brand new week old car totalled and getting several thousand less then you paid. More expensive companys offer full replacement value. Geico does not.

This comes back to you quoting my quote of what I said about really good insurance costing a lot of money and you saying you pay a thousand.

For a real world example I have a buddy that works for Travellers insurance. Sometimes if the customer really doesn't get cars, he's expected to go meet the customer in person wherever they want to help them fill in the title and he takes it and mails it (required if your cars totalled) that's the possible level of service you can receive if your willing to pay a lot extra. He gets paid a lot, and they must transfer this somewhere.

I just want people to understand so they can make the best decision for them. Me personally I rock USAA which is cheap and actually reasonably cool about how they fix your car if you keep it nice.

Just know you get what you pay for. As I said before almost every major company operates at a loss in the major states NY, TX, CA, FL etc so if they're running at a small loss or best case even, the savings must come from somewhere.

Thats all I was inferring, sorry for the confusion

[kadify]

UPDATE:

So... the guy never brought his car to be inspected after being requested by the police department so now they have an order to tow the car if they see it... In other words, the guy has pretty much gotten away=/ I'm currently waiting on my car to be repaired. So far I think it's been there a week or so and they said it might be another two weeks before it's done. I'm going to be talking to my insurance to see if I can do anything to help them find this guy because I'm not about to have this go on my own insurance as my fault.

[kadify]

UPDATE 2:

Car was impounded and the investigator is meeting with the driver soon. Will have to see what happens. I'm sure he'll try to deny what happened so I'm just hopeful this doesn't turn ugly.

UPDATE 3:

Driver has no insurance Now I guess I get to try and hire a lawyer to determine if he has assets worth suing over or whether I need to contact my insurance and make this an uninsured claimThe problem is, he had another accident, which is how his car was impounded, which means even if he has assets the other driver will most likely be going after those as well...

[cptcrunch]

File an uninsured claim and let the insurance company handle it. Trust me, it is NOT worth the effort to find a laywer and try to sue a guy who can't afford insurance on his own car and is clearly an idiot (2 accidents in 2 weeks). I've had to go through the same thing and the insurance company handled everything. Thankfully I didn't have to worry about my deductible because I had a random $8/6 month adder that waived my deductible if an uninsured driver hit me. According to my agent they fought that case for 2 years before they got any money out of the uninsured driver.

[kadify]

Originally Posted by cptcrunch

File an uninsured claim and let the insurance company handle it. Trust me, it is NOT worth the effort to find a laywer and try to sue a guy who can't afford insurance on his own car and is clearly an idiot (2 accidents in 2 weeks). I've had to go through the same thing and the insurance company handled everything. Thankfully I didn't have to worry about my deductible because I had a random $8/6 month adder that waived my deductible if an uninsured driver hit me. According to my agent they fought that case for 2 years before they got any money out of the uninsured driver.

If I just go through insurance will UM coverage cover loss of value on my car since it was a brand new car prior to the accident?

[cptcrunch]

Originally Posted by kadify

If I just go through insurance will UM coverage cover loss of value on my car since it was a brand new car prior to the accident?

Its usually unlikely (in my experience) to receive diminished value claim from your own insurance company. I know I didn't in my uninsured motorist claim. I asked and they said I could go after the person myself for that amount, and that was the end of the discussion.

You may have to sue them if you want diminished value compensation. Tough situation to be in, especially with a new-ish car and a driver who didn't follow the rules.

[AMDG]

Originally Posted by kadify

UPDATE 2:

Car was impounded and the investigator is meeting with the driver soon. Will have to see what happens. I'm sure he'll try to deny what happened so I'm just hopeful this doesn't turn ugly.

UPDATE 3:

Driver has no insurance Now I guess I get to try and hire a lawyer to determine if he has assets worth suing over or whether I need to contact my insurance and make this an uninsured claimThe problem is, he had another accident, which is how his car was impounded, which means even if he has assets the other driver will most likely be going after those as well...

For about $100-$200 you can have someone run an asset check to determine if he has anything of value (beyond the crashed car) worth going after. That is where the inquiry should begin... I wouldn't rule out suing without knowing if there's anything of value in the offering. I also would not sue if he has nothing with which to compensate you, so an asset search is best.

Assuming you have UM/UIM coverage, definitely file a claim... hopefully for your sake you had multiple cars on the policy and can stack.

[kadify]

Originally Posted by AMDG

For about $100-$200 you can have someone run an asset check to determine if he has anything of value (beyond the crashed car) worth going after. That is where the inquiry should begin... I wouldn't rule out suing without knowing if there's anything of value in the offering. I also would not sue if he has nothing with which to compensate you, so an asset search is best.

Assuming you have UM/UIM coverage, definitely file a claim... hopefully for your sake you had multiple cars on the policy and can stack.

I think insurance is going to check his assets for me. Since I already had started a claim with them to get my car repaired they're involved in trying to be compensated for what they'e put out so far. I have UM however it is only for bodily injury and not property damage so unfortunately this is going under comprehensive unless my insurance can pinpoint who the car is actually registered to.

It's a whole big issue because the guy that hit me was only 19, and the car wasn't registered to him so they're trying to figure out if who the car is actually registered to has insurance on the vehicle or not.

[AMDG]

Originally Posted by kadify

I think insurance is going to check his assets for me. Since I already had started a claim with them to get my car repaired they're involved in trying to be compensated for what they'e put out so far. I have UM however it is only for bodily injury and not property damage so unfortunately this is going under comprehensive unless my insurance can pinpoint who the car is actually registered to.

It's a whole big issue because the guy that hit me was only 19, and the car wasn't registered to him so they're trying to figure out if who the car is actually registered to has insurance on the vehicle or not.

They won't go after the other person's assets... it won't be worth their time. Fingers crossed that the registered owner has insurance

[Kabrich]

This is exactly why they assign Insurance points for wrecks regardless of fault. They know if you in wrecks, even if not your fault, pretty soon one will involve someone without Insurance. If someone is in crashes, especially multiple, statistics show that should not happen, so clearly something about your driving - even if legal - whether it be time of day, area, even how fast you go through an intersection after stopped for a red light - something is making you more accident prone than pure random.