I agree totally with this post. Farmers has always been great and very fair. Before I got my Tesla, my former car was totaled and I was amazed at how much they offered me on the settlement. But things change with insurance companies. For example, I had to change from Farmers when I got my Tesla 2 years ago as their rates for insuring Teslas was way out of sight. My agent was as upset as I was because I had been with them for over 40 years. He said that someday they would see the error of their ways, and apparently they have since they now insure Teslas. But I do know that Farmers will go the extra mile and battle the responsible insurance company. So very sorry for you and hope it all works out.
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Accident with total loss
- Thread starter slasher
- Start date
I agree totally with this post. Farmers has always been great and very fair. Before I got my Tesla, my former car was totaled and I was amazed at how much they offered me on the settlement. But things change with insurance companies. For example, I had to change from Farmers when I got my Tesla 2 years ago as their rates for insuring Teslas was way out of sight. My agent was as upset as I was because I had been with them for over 40 years. He said that someday they would see the error of their ways, and apparently they have since they now insure Teslas. But I do know that Farmers will go the extra mile and battle the responsible insurance company. So very sorry for you and hope it all works out.
Hi I wanted to say.. It is my understanding the footage is saved to the cloud. Tesla should have a copy Please contact them ASAP.. Glad ur all ok... Doesn't look like that much damage.. But I guess there was. If you have recent pics of the car it will prove the condition at the around the time of the accident.
OrbiterTI4
Member
My specific story is posted at Collision, Repair and DV/LoU Lawsuit: My Nearly 500 Days of Fun (my company would neither seek subrogation for rental costs nor offer anything above rental coverage on my policy) but in my insurance search, I have not found a company offering anything above $1500 or 30 days, whatever comes first, so $15000!?! Wow.
They haven't quite yet, and have actually gone the opposite direction. Farmers was the insurance for my Model S for 2016 and 2017, when (per my agent) underwriting would distinguish between performance and non. Then there was a change in underwriting, and the rates were up 2.5x, non negotiable. Has stayed the same every time I've checked since.
When my '15 was totaled in an accident earlier this year, the insurance loss value initially came back with an estimate of ~$10k less than I paid the car that I had for just one month and put only 3,000 miles on. When the person who did the valuation was confirming options with me, I sent her the MVPA and they wound up giving me credit for all the add-ons listed (e.g. subzero, premium audio, rear facing seats, paint, etc...) and their loss value offer jumped to $9k more than I paid for the car.
Years ago I settled claims for Farmers:
Above all else be nice but firm to the adjusters regardless of which company, their job is to settle the claim but if you are looking for more money, they'll need to go to bat to justify it...
1) the pre-accudent value is calculated using a nationwide service based on sold cars like yours in your geographic area. Similar to home appraisal, they compare yours to dealer-sold vehicles, and make adjustments for differences (new tires, other improvements that add value). Essentially what a reasonable person would pay for those extras. I had some wiggle room in this area ,and condition ratings which could adjust the total value, but had to justify any changes to managers. In CA, they refund the remaining registration for the year and sales tax.
2) when you get the total loss offer, review the comps carefully to make sure they were truly similar (1-owner, no accidents, add-ons, paint etc). Sometimes they'll also have for sale cars that you can inspect to see comparisons.
3) pros and cons.
- It's possible the loss will exceed the property damage limits of the other party. The total cost wont be known until the salvage is sold at auction a while from now.
- Insurance companies used to get incentives for subrogation, so that was financially attractive for them and we encouraged policy holders to go through us.
- As you pay the premiums to Farmers, they will want to take care of you to keep your business.
- they will typically deduct your collision deductible from the settlement.
- the other insurance company may want to take care of you to avoid a possible injury claim. Even if no injuries at time of collision, some creep up later.
- agree in CA you have more leverage with your own carrier, bad faith, Dept of Insurance complaints, and social nedia...
4) loss of use is squishy. We typically did 30 days for a total loss, or 7 days after the check was sent, but we didnt have a hard rule at the time. Also, for Farmers to pay this, its governed by your policy endorsement. If you didnt buy that coverage, Farmers can't pay this part of the claim.
For the other carrier, they owe for similar car...which could add a lot to the claim.
Good kuck
Above all else be nice but firm to the adjusters regardless of which company, their job is to settle the claim but if you are looking for more money, they'll need to go to bat to justify it...
1) the pre-accudent value is calculated using a nationwide service based on sold cars like yours in your geographic area. Similar to home appraisal, they compare yours to dealer-sold vehicles, and make adjustments for differences (new tires, other improvements that add value). Essentially what a reasonable person would pay for those extras. I had some wiggle room in this area ,and condition ratings which could adjust the total value, but had to justify any changes to managers. In CA, they refund the remaining registration for the year and sales tax.
2) when you get the total loss offer, review the comps carefully to make sure they were truly similar (1-owner, no accidents, add-ons, paint etc). Sometimes they'll also have for sale cars that you can inspect to see comparisons.
3) pros and cons.
- It's possible the loss will exceed the property damage limits of the other party. The total cost wont be known until the salvage is sold at auction a while from now.
- Insurance companies used to get incentives for subrogation, so that was financially attractive for them and we encouraged policy holders to go through us.
- As you pay the premiums to Farmers, they will want to take care of you to keep your business.
- they will typically deduct your collision deductible from the settlement.
- the other insurance company may want to take care of you to avoid a possible injury claim. Even if no injuries at time of collision, some creep up later.
- agree in CA you have more leverage with your own carrier, bad faith, Dept of Insurance complaints, and social nedia...
4) loss of use is squishy. We typically did 30 days for a total loss, or 7 days after the check was sent, but we didnt have a hard rule at the time. Also, for Farmers to pay this, its governed by your policy endorsement. If you didnt buy that coverage, Farmers can't pay this part of the claim.
For the other carrier, they owe for similar car...which could add a lot to the claim.
Good kuck
Even if it was previously issued a carpool sticker doesn't mean you can't apply for a new one. Check the vin pdf in the second bullet item under please note on this page.
Clean Air Vehicle Decals - High Occupancy Vehicle Lane Usage
I had an ev which was issued a white decal and when that expired end of last year I was able to apply for the red one. I checked the pdf and the vehicle vin was not on the list. I bought a used 2014 S but was able to get a purple sticker for it this year. Again vin was not on the list. It was one of the criteria that I looked for before considering and making the purchase.
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