Advice Needed: State Farm and My 1964 Porsche 356 SC Incident
I’m seeking some guidance regarding a situation with my 1964 Porsche 356 SC. A friend accidentally backed into my car while leaving my house, and she has filed a claim with her insurance, State Farm.
Here’s a brief overview of what has transpired so far:
After the claim was filed, State Farm asked me to submit any relevant documents. I provided them with the initial repair estimate I received from a local body shop, which totaled $2,533.70. They then requested photos of the damage, which I uploaded as requested.
However, after a month and a half of contacting various shops, I found that no one would quote repairs on the car. State Farm indicated that it was my responsibility to secure a repair facility. Frustrated, I sent them a demand letter for $50,000 to cover repairs and depreciation, while also requesting that no checks be issued until we reached an agreement. Surprisingly, they sent a check anyway.
Next, State Farm offered to conduct an in-home estimate. I accepted, and they provided an adjusted repair estimate totaling $3,759.90, an increase of $1,226.20.
In response, I sent another settlement demand letter requesting the full value of the car, arguing that because they had not provided a repair facility capable of handling the repairs, and since I was unable to find one, the car would need to be replaced.
All of this has been conducted through my friend’s policy. I’m now uncertain whether it would be wise to file a claim under my own policy to help facilitate resolution, or if doing so might relieve State Farm of its obligations. Ironically, I also have a policy with State Farm that includes an agreed value endorsement for my classic car.
What options do I have moving forward?
It sounds like you’re dealing with a challenging situation, and I understand your frustration. Here are some options and considerations that may help you navigate this:
Continue Negotiating with State Farm: Since you’ve already sent a demand letter, stay persistent in your communications with them. Emphasize the unique nature of your vehicle and its value, as well as the challenge of finding a suitable repair facility for a classic car. Document all your interactions with them to ensure there’s a clear record of your attempts at negotiation.
Consider Your Own Insurance: Filing a claim under your own State Farm policy could be a viable option, especially since you have a declared value for your car. This could provide you with the coverage necessary to address the damages without relying solely on your friend’s insurance. However, be cautious; it’s essential to communicate with your agent about how this might impact your current claim with your friend’s policy.
Involve a Classic Car Specialist: Since finding a repair facility is proving difficult, consider getting in touch with classic car clubs or forums where you might find recommendations for shops that specialize in vintage cars. Having a shop willing to provide a detailed estimate could help strengthen your case.
Consult with an Attorney or Appraiser: If the negotiation process isn’t progressing, involving a legal or insurance professional can help. An attorney experienced in insurance claims can provide clarity on your rights and may be able to facilitate better communication with State Farm. Additionally, an appraiser could provide a documented value of your car that supports your demand for a cash settlement.
Look into Mediation or Arbitration: If negotiations stall, some policies allow for mediation or arbitration. This process can help come to an agreement without resorting to litigation. Check with your insurance policy to see if this is an option.
Be Prepared for a Longer Process: Unfortunately, insurance claims—especially involving classic cars—can take time due to their complexity. Be prepared for a potentially lengthy process as you work through your options.
It’s important to act strategically and keep clear documentation of every step you take. Good luck, and hopefully, you can reach a resolution soon!