Fiat smashed, possible "total loss". How does this go?

[DieselSpider]

I went to grundy they quoted $100 a year at$10000 then they said its a sports car and would be $175 a yr
the next yr I was mailed a renewal slip from phillidaphia ins group and it went up to $185
this is my 3rd tr with them and I want to raze value up to $15000

yes it has collector plates and garaged most of the yr

best of luck to you and your boy .joe

it was like new and should be payed as if it were
not as it was a 30 yr old rusty clunker

Quite different than a car one's son is driving to school. Mine is a road car for use when I am not riding a motorcycle so it also does not fall under an Agreed Cash Value Policy here in Florida. For many of us Agreed Cash Value Limited Use Insurance would be of little to no value. I asked about the restrictions and they would basically mean that most often I would have no coverage at all if I went with an Agreed Cash Value policy. We all have different uses and needs that is for sure. Mine is a classic road car that I enjoy driving sometimes daily and so it is insured for that purpose. I do have a certain exposure to loss from theft or in an accident where I would be at fault however if someone else causes a loss then they will have to take responsibility even if it requires the services of an attorney.

[BNelsonAz]

Thanks for all the input guys! I have looked pretty thoroughly into the agreed value/classic car market and it just isn't feasible for me to insure an 18 year old on a daily driver car that isn't garaged.

On the repair front: the insurance company says the adjuster is still trying to find new parts for the Spider. Yeah, good luck with that! They told me it looks like a total loss though, and the value is around $7k, which I'm pretty ok with.

[spider2081]

Will they let you keep the car and pay you $7K. I am not a body guy but think it should be able to be repaired for that.

[DieselSpider]

Guess that he is new at this:

http://www.fiatparts.com/body2.htm
http://www.fiatparts.com/body1.htm
http://www.international-auto.com/index ... p&pid=2664
http://www.international-auto.com/index ... p&pid=2662
http://www.international-auto.com/index ... p&pid=2680
http://www.spiderroadster.com/body1.htm
http://www.midwest-bayless.com/storefro ... 7&c=192659
http://www.midwest-bayless.com/storefro ... 7&c=192661
http://www.midwest-bayless.com/storefro ... 7&c=192662

Who has the car now? You, your body shop or their own wrecking yard?

[azruss]

from looking at pictures of the car, there is more involved than just replacing sheetmetal. It looks like it needs to go to a frame straightener.This is a welded body, so this isnt like repairing an american car with bolt on sheetmetal. Let me know what you are going to do with it, Bill. I'm interested in the roll bar.

[spider2081]

Has a body shop looked at the car and given you or the insurance company an estimate for repair?

[focodave]

All of the hassles with having a car totaled,is even more reason to have agreed value collector car insurance.I cant see any reason why everyone on this forum shouldn't have that! All of our cars qualify,and the insurance is cheaper than most any other type available. Win-win situation
Sorry about your car...that sucks!

I just bit the bullet and got covered by Hagerty, with agreed value of $15K.
I really think this is a no-brainer for those of us who have invested more money in our cars than what the book value shows they are worth.
Zero $$ deductible for collision, comprehensive, and total loss.
The policy cost me $306 for a year's worth of coverage.
I don't work for Hagerty or any other insurance company. In fact, I pretty much despise insurance companies. So I am promoting this only as a self-satisfied customer who thinks he made a very wise decision.

[BNelsonAz]

Hi All,

The end of the story: after I gave them every receipt and scrap of paper that I kept rebuilding this beauty, the insurance company came back with an offer of just over $10,000. I took the money

So if you are looking for an awesome FI spider that has 200 miles on a rebuilt motor, you should look for this car. The damage is not that bad, but I just didn't want to deal with the repairs.

It's been quite a ride. From dealing with an engine rebuild to minor glitches, my son and I have had a great time learning about this tempermental, but hardy little minx. You all were incredibly helpful at every turn, and I couldn't have done it without you.

Cheers!

Bill

[azruss]

That's good news, Bill. I did see a very clean FI advertised in scottsdale for $7k. If you can get the kid to check the oil before he drives, this one probably wouldn't require much.

[fiat218]

3 fiats thru them and I pay 220

[fiat218]

All of the hassles with having a car totaled,is even more reason to have agreed value collector car insurance.I cant see any reason why everyone on this forum shouldn't have that! All of our cars qualify,and the insurance is cheaper than most any other type available. Win-win situation
Sorry about your car...that sucks!

I just bit the bullet and got covered by Hagerty, with agreed value of $15K.
I really think this is a no-brainer for those of us who have invested more money in our cars than what the book value shows they are worth.
Zero $$ deductible for collision, comprehensive, and total loss.
The policy cost me $306 for a year's worth of coverage.
I don't work for Hagerty or any other insurance company. In fact, I pretty much despise insurance companies. So I am promoting this only as a self-satisfied customer who thinks he made a very wise decision.

Why is the cost so much,? Depending your state

[DieselSpider]

Yes the rates vary state by state dependent on how many driving days there would be for a limited use vehicle along with what the coverage and rate agreements are with the state attorneys office and insurance regulator.

Here in Florida there are too many limitations on where you can drive the car and on the purpose of the trips to make it work for me. Here you can only drive in daylight hours to shows a limited amount of days per year. No picnics, rides in the country or driving to work with the car. It has to be locked up inside the garage most of the time too. If the odometer shows too many miles since the last check they can deny you coverage too. I had to ask the agent if another carrier would be different and he wished that was the case as he would take them on since he is an independent agent but it all is based on what the state insurance regulations will allow.

[focodave]

Actually,I thought the price wasn't too bad considering there are no restrictions on how many miles I drive the car or when or where I drive it.
My Colorado collector vehicle plates restrict me to 4500 miles per year, but even that isn't really enforced. It's pretty tough to enforce that anyway, unless the DMV looks at mileage between plate renewals.
I usually put about 2500 miles per year on the car.

[fiat218]

Actually,I thought the price wasn't too bad considering there are no restrictions on how many miles I drive the car or when or where I drive it.
My Colorado collector vehicle plates restrict me to 4500 miles per year, but even that isn't really enforced. It's pretty tough to enforce that anyway, unless the DMV looks at mileage between plate renewals.
I usually put about 2500 miles per year on the car.

who follows the rules:)