North American Turbocoupe Organization



Specialty Insurance?
2birdsinthefalls887 Offline
Senior Member
#1
Hi all!
Does anyone have anykind of "Specialty" insurance on our cars, I got hit by a Ford Expedition on vacation, I was going to Cape Cod for a car show and a vacay, He drove into my left rear 1/4, and the damage is $1500.00 that is a total for our cars, value is only $1200.00. My car is mint, Any help would be appreciated, thanx!
A Fellow T/C owner and lover, my mint Bird is wounded
Bill Winfrey,(aka 2birds in the falls)
Thanks all.
87 T/C,base, 5spd, bright red metalic, 136,000 miles. My pride and joy of the fleet.
88 Turbo Coupe,loaded 104,000,
88 Turbo Coupe,Fully loaded,
Been to Carlisle 2002,2003, 2004,2005,2006,2007
And damn proud to be a NATO member!
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Pete D Offline
Administrator
#2
Bill, below is what I wrote to someone else in your situations. It may help in dealing with your current insrurance company. Also talk to Jeff G. He has "stated value" insurance but there are driving restrictions.

----------------
"The insurance company is going to low ball you initially no matter what.

First, here is a couple places where you can get some idea of what the market considers the value. Keep in mind
these are only guides. http://www.cars.com/carsapp/national/?szc=44001&srv=parser&act=display&tf=/index- default.tmpl

and
http://www.kelleybluebook.com/

and
http://www.alldata.tsb.com/

Find out what it's worth.

Be prepared to argue like "H" with the insurance people. It may take some time, be persistent. Other things that can
help are if the car is low miles or exceptionally good shape (pictures). One more thing that can help is if you can show
you have spent money to either maintain or improve it (new paint, rebuilt engine whatever). Gather up those receipts.

Now if you want to keep the car and restore it, get the insurance company to come up in price as much as you think
you can, and after that, tell them you will accept a reduced payment, but you want to keep the car. Most insurance
companies will go along with this. How it plays out may vary from state to state. I can't say how much less they will
pay you if you want to keep the car. You may have to retitle the car and get a "salvage" title, but that is just paper
work if you plan to keep the car. I did this on a car that was "totalled' after a body guy told me he wanted it and
would more than cover the difference. The insurance company paid me more than what I was trying to sell the car for,
even at the reduced rate and the guy that wanted to buy it made up the difference. Granted I lucked out, but other
people at our site have taken reduced payments and ept cars that the insurance companies wanted to total."
--------------------------------

Hope this help. Argue like hell!

[This message has been edited by Pete D (edited 09-09-2003).]
Pete Dunham


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2birdsinthefalls887 Offline
Senior Member
#3
Thanks so much Pete for your reply, the car doesn't have low miles on it but it is in mint shape(I took 2nd at Carlisle this year) and does get driven 4-6K a year. I have my beat up 88 that I use for a daily driver, why couldn't that one get hit? I could use the extra money,lol.

Thanx again, I'll let you know what
happens.
87 T/C,base, 5spd, bright red metalic, 136,000 miles. My pride and joy of the fleet.
88 Turbo Coupe,loaded 104,000,
88 Turbo Coupe,Fully loaded,
Been to Carlisle 2002,2003, 2004,2005,2006,2007
And damn proud to be a NATO member!
Reply

philS Offline
Senior Member
#4
Sorry to hear ... dopes on vacation at the Cape drive like bats outta hell!

------------------
86 TC, 73 Austin Mini, 72 Austin Mini Van

Click here to beat a ricer.
Did you hear about the Lucas powered torpedo? It sank.

86 TC, 73 Mini, 64 Mini Van, Saturn wagon
Click here to beat a ricer.
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Dan E Offline
Posting Freak
#5
Bill, I am really sorry to hear this !

It makes me sick. I told the guy to just scare you...not hit you. j/k LOL !

I'm afraid I would have been tempted to grab my "great equalizer" out of the back seat and inflict "total" damage on the guy's face (I could always claim he hit the windshield in the accident...especially after slamming his face in to it !).

Good luck though...and, like Pete said, argue like hell with the insurance company.

Maybe Pete or I could give you an "expert" appraised value letter signed by a NATO officer ????

------------------
Dan Eaves
88TC 5spd, Crower 5.5" Sportsman Rods, Short Wiseco Pistons bored .030" Over, Ported Head with Polished Combustion Chambers, Gutted & Polished Upper, Ported & Polished Lower, Polished T/B, Ported E6, SVO T3 .63AR Turbo, Bosch Bypass Valve, 3" DP w/No Cat, 2 1/2" DynoMax single cat back w/DynoMax Super Turbo Muffler, RR Cam, K&N in Fenderwell, Gillis Boost Valve, Centerforce I Clutch, Removed A/C, Polished Wheels, Polished Valve Cover, Polished Crank and W/P Pulleys, Walbro 255LPH HP Pump, Kirban Adj FPR, and the DAMN Heater Core is new too !

NATO MEMBER (Vice Chairman...if it's a vice...I deal with it)
Dan Eaves
88TC 5spd Vermillion Red, Polished...everything...
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jeffg Offline
Senior Member
#6
Yes it is a stated amount and there are driving restrictions on mine i have a 3000 mile a year policy im sure you can get it for more but it will be more in price.They havnt checked or even asked about miles on mine
86TC,85XR7,99 Mountaineer. Need for Speed
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2birdsinthefalls887 Offline
Senior Member
#7
Thanks guys for the support, the "nice" guy that hit me is now claiming I slammed on my brakes and slid into him. So much for being a nice guy, Dan, can I borrow that "EQUALIZER" for a while?

Jeff,do you mind me asking what is the name of that insurance company? One of the guys at work gave me a name of a guy he uses for his Nova, but I may as well check around.
Thanks so much guys.

------------------
87base, turbo coupe, bright red metalic, 120,000 miles, mods auburn diferential with 3.73 gears,140 mph speedo,adjustable camgear set at 4degrees advance, and of course the A&A wing.
88 turbocoupe, also bright red metalic, is this the only color these cars came in?lol. 166,ooo miles factory moonroof,autolamps,powerseats,premium sound with equalizer,no mods,got car for free and is not worth it, it's an automatic.daily driver
been to carlisle 2002,it was great!!!
Been to Carlisle 2003 also, even more fun!
87 T/C,base, 5spd, bright red metalic, 136,000 miles. My pride and joy of the fleet.
88 Turbo Coupe,loaded 104,000,
88 Turbo Coupe,Fully loaded,
Been to Carlisle 2002,2003, 2004,2005,2006,2007
And damn proud to be a NATO member!
Reply





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