Advice Needed on NY Property Damage (State Farm) – 1964 Porsche 356 SC
I’m seeking advice regarding an unfortunate situation with my 1964 Porsche 356 SC. A friend accidentally backed into the car while leaving my house, and she initiated a claim with her insurance (State Farm).
Here’s a quick summary of what has happened so far:
- Claim Filed: State Farm instructed me to submit any necessary documents, so I provided an initial repair quote from a local body shop.
- Photo Estimate Requested: I complied and uploaded pictures of the damage.
- Initial Repair Quote: They provided a conservative estimate of $2,533.70 for repairs. While I found this amusing, I understand that insurers often give these lower estimates until a shop takes on the work.
Despite waiting a month and a half and reaching out to numerous shops for quotes, I’ve had no luck; nobody is willing to work on the car. State Farm insists it’s up to me to find a repair facility. Frustrated, I sent a demand letter for $50,000 to cover repairs and depreciation, requesting that no check be issued until we reach an agreement. Unfortunately, they sent a check anyway.
Next, they suggested an in-person estimate at my home, which I agreed to. They then adjusted the repair estimate to $3,759.90 (an increase of $1,226.20).
Following this, I sent another demand letter, requesting the full value of the car, as State Farm has not been able to provide a repair facility that meets their estimate, and I haven’t found one either. Given that the car cannot be repaired due to the lack of available facilities, I believe it must be replaced.
This entire process has been through my friend’s insurance policy. I’m uncertain whether I should file a claim under my own policy for assistance or if that would absolve them of their responsibilities. Ironically, I also use State Farm and have an agreed value endorsement on my classic car policy.
What options do I have moving forward? Any guidance would be appreciated!
I’m sorry to hear about your situation with the Porsche. It sounds incredibly frustrating, and navigating insurance claims can be complex, especially with vintage vehicles. Here are a few options to consider:
Communication with State Farm: Since both you and your friend are using State Farm, maintain open lines of communication. Be clear about your expectations regarding repair facilities and the estimated loss in value. They may be more inclined to assist since they understand your concerns better.
Consult with a Classic Car Specialist: Since you’re dealing with a vintage vehicle, it might be helpful to consult with a shop that specializes in classic cars. They may provide a more accurate estimate that reflects the car’s value and necessary repairs. This may also help in negotiating with State Farm.
File a Claim Under Your Policy: Filing a claim under your own policy might offer you additional leverage, especially since you have an agreed-upon value endorsement. However, it’s essential to consider the potential implications, such as policy deductions or increased premiums. It might also complicate the claim since it involves two separate policies, but it could lead to a quicker resolution.
Consult a Public Adjuster or Attorney: If you feel that your demands are not being met and you’re not getting the response you want, consider enlisting the help of a public adjuster or an attorney who specializes in insurance claims. They can help you navigate the specifics of your situation and advocate on your behalf.
Documentation and Evidence: Keep detailed records of all communications with State Farm and any estimates or evaluations you’ve received. This documentation will be crucial, especially if you escalate the claim or seek legal advice.
Review Your Policy: Familiarize yourself with the specific terms of your agreement with State Farm. Understanding your coverage and their obligations will enable you to argue your case more effectively.
In short, weigh your options carefully, especially regarding filing a claim under your policy, and consider seeking professional advice if negotiations stall. Good luck!