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Ohio car insurance law

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Ohio car insurance law

Unread postby Fire Marshall Bill 2.0 » Tue Jan 29, 2013 1:26 pm

Anyone?

Anyone know my rights with Liberty Mutual concerning an accident in Ohio and a car that may be totaled...?

Do I get retail?

...and, is Ohio one of the states that makes the ins company pay the tax, title etc when buying a replacement?

I have a car that is not a collector's item but, it is virtually irreplacable as it sits as regards color and other factory installed items like a Bose and upgraded wheels

96 Vette to be precise with 74 K on it
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Re: Ohio car insurance law

Unread postby peeker643 » Tue Jan 29, 2013 2:02 pm

What they should do is compare the vehicle to the similar vehicle in the same, general market area. They should use condition of the vehicle, miles, etc.

And yes, they would owe for tax, title, tow, storage, etc in addition to that value number.

The issue is they may have liability limits (or property damage) limits below what the value and total amount would be. In that case your company would enter the situation if you carry underinsured motorist coverage on the car.

If you need questions answered give me a call between 530pm and 6pm or after 8pm (my youngest has soccer match from 630-730) and maybe I can assist.

Fire Marshall Bill 2.0 wrote:Anyone?

Anyone know my rights with Liberty Mutual concerning an accident in Ohio and a car that may be totaled...?

Do I get retail?

...and, is Ohio one of the states that makes the ins company pay the tax, title etc when buying a replacement?

I have a car that is not a collector's item but, it is virtually irreplacable as it sits as regards color and other factory installed items like a Bose and upgraded wheels

96 Vette to be precise with 74 K on it
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Re: Ohio car insurance law

Unread postby peeker643 » Tue Jan 29, 2013 2:13 pm

BTW- I know little about property damage and less about cars. But I know coverage and if you were severely hurt or killed I could help you more. ;-) ;) :wink:
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Re: Ohio car insurance law

Unread postby Fire Marshall Bill 2.0 » Tue Jan 29, 2013 4:16 pm

Had a collision with a semi on I-71

No one was hurt & no other cars because i made the best decision available as per the cop


I was at fault but not ticketed cuz the cop said I did as well as could be expected under the circumstances...3 lane stop & go bumper to bumper north of Cincy in rush hr

From what I've read so far tho doesn't support them giving me any less than retail on a like vehicle regardless what they'd LIKE to do so I'm lookig for clarification

I know these things are negotiable and I already took a shot across their bow by telling them to just send me a check for retail + and where to I take the rental I've had for a week vs driving it back....and that I wouldn't need another car because it was a 2nd and I'd save the ins $.... : )
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Re: Ohio car insurance law

Unread postby e0y2e3 » Tue Jan 29, 2013 4:28 pm

And you always bitch about Boston traffic....
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Re: Ohio car insurance law

Unread postby peeker643 » Tue Jan 29, 2013 4:29 pm

Ahh... so Liberty Mutual is your insurance company?

Any idea when you insured that vehicle whether it's on ACV basis or if they asked you what you wanted to insure it for (stated amount)?

Not really what they'd like to do. It's about the value of that vehicle were they to replace it (if it's totalled). They owe you to make you whole. Retail has a markup so the dealers can make a dollar.

There is some room for negotiation but not nearly as much as there is with injuries. Cars and their damage are less subjective than pain and if I were you I'd look to see what private owners are selling that similar vehicle for. That will give you at least a start.

Be firm but be fair and I'd be surprised if they weren't the same. One of the issues that drives insurance people crazy is that often times people assess intrinsic value to a vehicle that insurers can't (and usually won't) include in an evaluation. For them it's about fair market value, mileage, condition of the auto, etc. It has zero to do with what the car means to you.

Not trying to to be 'insurance guy' because I'd be fine with you crippling Liberty Mutual ;-) ;) :wink: Just telling you how they evaluate the damage and the value.

Oh... I told you you could call but didn't give a number. It's 440-525-4573

Fire Marshall Bill 2.0 wrote:Had a collision with a semi on I-71

No one was hurt & no other cars because i made the best decision available as per the cop


I was at fault but not ticketed cuz the cop said I did as well as could be expected under the circumstances...3 lane stop & go bumper to bumper north of Cincy in rush hr

From what I've read so far tho doesn't support them giving me any less than retail on a like vehicle regardless what they'd LIKE to do so I'm lookig for clarification

I know these things are negotiable and I already took a shot across their bow by telling them to just send me a check for retail + and where to I take the rental I've had for a week vs driving it back....and that I wouldn't need another car because it was a 2nd and I'd save the ins $.... : )
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Re: Ohio car insurance law

Unread postby e0y2e3 » Tue Jan 29, 2013 4:35 pm

<-- getting drunk and callin Peeks at 3AM tonight!!!
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Re: Ohio car insurance law

Unread postby peeker643 » Tue Jan 29, 2013 4:39 pm

e0y2e3 wrote:<-- getting drunk and callin Peeks at 3AM tonight!!!


^^^^^

Specifically why they made the Do Not Disturb function on these phones.
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Re: Ohio car insurance law

Unread postby pup » Tue Jan 29, 2013 4:53 pm

peeker643 wrote:
e0y2e3 wrote:<-- getting drunk and callin Peeks at 3AM tonight!!!


^^^^^

Specifically why they made the Do Not Disturb function on these phones.


But the voice mail might be gold
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Re: Ohio car insurance law

Unread postby gotribe31 » Tue Jan 29, 2013 5:12 pm

pup wrote:
peeker643 wrote:
e0y2e3 wrote:<-- getting drunk and callin Peeks at 3AM tonight!!!


^^^^^

Specifically why they made the Do Not Disturb function on these phones.


But the voice mail might be gold


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Re: Ohio car insurance law

Unread postby pup » Tue Jan 29, 2013 7:03 pm

gotribe31 wrote:
pup wrote:
peeker643 wrote:
e0y2e3 wrote:<-- getting drunk and callin Peeks at 3AM tonight!!!


^^^^^

Specifically why they made the Do Not Disturb function on these phones.


But the voice mail might be gold


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A great premier would be peeks drunk calling himself.
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Re: Ohio car insurance law

Unread postby Fire Marshall Bill 2.0 » Tue Jan 29, 2013 7:29 pm

A few hrs ago I found one just like it in Missouri but with a Sony and not the factory installed Bose

Same miles in fact for 14.5 private owner

FUDU knows what I paid for mine and saw about 50 pics of it. If I could get that ^^^^^ + tax n such I'm hoping for a total loss
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Re: Ohio car insurance law

Unread postby peeker643 » Tue Jan 29, 2013 10:35 pm

Fire Marshall Bill 2.0 wrote:A few hrs ago I found one just like it in Missouri but with a Sony and not the factory installed Bose

Same miles in fact for 14.5 private owner

FUDU knows what I paid for mine and saw about 50 pics of it. If I could get that ^^^^^ + tax n such I'm hoping for a total loss


There's your baseline. I'd start higher and then provide them that info (though they'll already have done similar work and have their own). Determine what your bottom line is and utilize the 3rd party arbitrator option if you can't agree. If you can find more comps with similar values be ready to show them those too.
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