best news of the year!(no pun intended) - The 1947 - Present Chevrolet & GMC Truck Message Board Network

berencam · 01-03-2008, 07:38 AM

I just found out today that they drunk guy that hit me actually had insurance! its now not a question of if im getting any money back, to, now how much.with any luck i can get all my bills payed and get another truck. I already bought a 70 c10 so when i get a settlement with the insurance company i will be looking for a second c10.

My question is how much should i expect to get for my old truck, how much should i settle for. heres a couple pics of before, keep in mind the engine, trans front linkage, entire brake system are all brand new(not refurbished or rebuilt) just about every mechanical part was replaced.

webbes · 01-03-2008, 08:03 AM

Great news hope you are doing better and everything works out .

BLACK AND BLUE 67-72 · 01-03-2008, 08:10 AM

Well you'll have to figure out how much you had in the truck and how much your medical bills were(hopefully you didn't sign in the section that makes you responsable) and think of an amount. Becareful because the adjuster will severly lowball the figure, most insurance companies policys have around $20,000 for accidents like this one involving personal injury.

In your case I definitely would not settle for any less than $10,000 your part.

66skylarkpost · 01-03-2008, 08:46 AM

keep in mind that most insurance companies consider money and work to the mechanical ( engine , trans and such) to be required maintainance and dont value it more .

whitesswj · 01-03-2008, 08:49 AM

reciepts, reciepts, reciepts!!
I was in a hit and run in a 68 that was a basic as posiable.

I felt i was low balled and asked for the adjuster's report.
Sure enough they said it was a C20. Some of their comments went my way and others theirs. I settled for $2800 and it was as rusty as possiable. Matter of fact the wood in the bed was not there and I had a plastic bed liner.

Do not settle until you fell right about it. But try to get the truck back for whatever you can. Remember you own that thing and they aren't buying it from you - they're paying you for damages. (different polocies for different companies.)

My .02

**70cst** · 01-03-2008, 08:56 AM

I agree...if you have reciepts, get them together. Also pictures. Another area would be get ads that show what simalar trucks are selling for. As said...the insurance companies will low ball you and work you so you will accept less money. Also remember the guy that hit you was DUI. Good Luck.

Ben IV · 01-03-2008, 09:02 AM

like the others said find your recipts. When I got hit and my 93 got totaled they added up all my recipts for new engine trans rebuilt rearend ets... and added half of it to the settlement. which is way more than I expected them to do for me. You can also find out how much it would be to buy it back, i could have got mine back for 1,600.

Weezer67 · 01-03-2008, 09:33 AM

This is a great story all around. Once dead...now alive and with insurance. I know you were being taken care of by the man upstairs! It will all work out for you! If you have receipts, photos, and documents..it will all help. Bottom line though, you and the guy will live to tell the story!
Weezer67
Dodge City, Kansas

Good luck with the new project!

crzngmychvy · 01-03-2008, 12:31 PM

Don't trust the insurance company of the other person. When I was rear ended by another dude with my two senior parents and my 5 year old girl in the car the insurance company offered a $250.00 settlement for all of us. I bought a book (can't remember the title) that helped me calculate a fair settlement. Once I had an amount I stuck to it, and they settled the day before small claims court. My advice is don't even bother talking to them too much, stick to what is fair and just file court papers as soon as you get offended by their low ball settlement offers. Documentation is very important too like everyone has already said.

toms68cst · 01-03-2008, 01:10 PM

i think you should get A Good lawer espicially since you were injured. My brother-in-law is getting about a quarter of a million out of his accident. The other guy's insurance company will try to settle out for much less than you have coming. Of course your lawyer will get a good chunk of any settlement too.

72BlckButy · 01-03-2008, 03:29 PM

get a good lawyer if necessary.

CharlieBrown · 01-03-2008, 03:52 PM

LAWYERS GET 33%

my guess..the guy prolly has a 25000.00 limit for injury..any more than that..well..if he aint got nothing..you aint gettin it

thats beside the mechanical damage

andd..insurance settlements..are tax free

01-03-2008, 07:38 AM	#1
berencam Registered User Join Date: Aug 2007 Location: branson mo Posts: 933	best news of the year!(no pun intended) I just found out today that they drunk guy that hit me actually had insurance! its now not a question of if im getting any money back, to, now how much.with any luck i can get all my bills payed and get another truck. I already bought a 70 c10 so when i get a settlement with the insurance company i will be looking for a second c10. My question is how much should i expect to get for my old truck, how much should i settle for. heres a couple pics of before, keep in mind the engine, trans front linkage, entire brake system are all brand new(not refurbished or rebuilt) just about every mechanical part was replaced. Attached Images __________________ 69 chevy c10 350 3 speed manual wood bed build thread here r.i.p. 70 c10 auto 350 build here Last edited by berencam; 01-03-2008 at 07:39 AM.

01-03-2008, 08:03 AM	#2
webbes Registered User Join Date: Oct 2005 Location: ILL. Posts: 129	Re: best news of the year!(no pun intended) Great news hope you are doing better and everything works out . __________________ 1970 4X4 LONG BED 350 TPI 700R4

01-03-2008, 08:10 AM	#3
BLACK AND BLUE 67-72 Firefighter Join Date: Feb 2001 Location: Yellville, Ar, USA Posts: 1,943	Re: best news of the year!(no pun intended) Well you'll have to figure out how much you had in the truck and how much your medical bills were(hopefully you didn't sign in the section that makes you responsable) and think of an amount. Becareful because the adjuster will severly lowball the figure, most insurance companies policys have around $20,000 for accidents like this one involving personal injury. In your case I definitely would not settle for any less than $10,000 your part. __________________ '72 Chevy SWB 350 Auto '67 GMC LWB 350 4 speed '70 Chevy 4x4 Stepside 350 Auto Yellville, Ar. USA Last edited by BLACK AND BLUE 67-72; 01-03-2008 at 08:11 AM.

01-03-2008, 08:46 AM	#4
66skylarkpost Registered User Join Date: Mar 2006 Location: kearney,nebraska Posts: 443	Re: best news of the year!(no pun intended) keep in mind that most insurance companies consider money and work to the mechanical ( engine , trans and such) to be required maintainance and dont value it more . __________________ '70 k-10 longbox- mid 70's drivetrain 350/350 487x heads 10.1:1 flowmasters ,35's 3.73's auburn posi ,rear shackle flip. '72 short stepside U.S. forestry truck, '73 455 buick,400 turbo,dropped 2"-4 1/4" ,3.07 posi,:'89 silverado 1500 ,OK truck ,5.7 holley tbi ,trick 700r4 3.07 auburn posi ,and my '66 skylark ,'73 centurion and my '84 monte carlo imca stock car

01-03-2008, 08:49 AM	#5
whitesswj Embrace the Redneck Join Date: Jan 2004 Location: Cabot, AR Posts: 1,334	Re: best news of the year!(no pun intended) reciepts, reciepts, reciepts!! I was in a hit and run in a 68 that was a basic as posiable. I felt i was low balled and asked for the adjuster's report. Sure enough they said it was a C20. Some of their comments went my way and others theirs. I settled for $2800 and it was as rusty as possiable. Matter of fact the wood in the bed was not there and I had a plastic bed liner. Do not settle until you fell right about it. But try to get the truck back for whatever you can. Remember you own that thing and they aren't buying it from you - they're paying you for damages. (different polocies for different companies.) My .02 __________________ '01 Camaro *Son, you just can't get there from here...*

01-03-2008, 08:56 AM	#6
70cst Senior Member Join Date: Feb 2001 Location: New Madison, Ohio Posts: 21,365	Re: best news of the year!(no pun intended) I agree...if you have reciepts, get them together. Also pictures. Another area would be get ads that show what simalar trucks are selling for. As said...the insurance companies will low ball you and work you so you will accept less money. Also remember the guy that hit you was DUI. Good Luck. __________________ A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder!

01-03-2008, 09:02 AM	#7
Ben IV Registered User Join Date: Dec 2006 Location: Glenpool OK Posts: 255	Re: best news of the year!(no pun intended) like the others said find your recipts. When I got hit and my 93 got totaled they added up all my recipts for new engine trans rebuilt rearend ets... and added half of it to the settlement. which is way more than I expected them to do for me. You can also find out how much it would be to buy it back, i could have got mine back for 1,600. __________________ 70 GMC custom short bed conversion 69 GMC panel truck Last edited by Ben IV; 01-03-2008 at 09:05 AM.

01-03-2008, 09:33 AM	#8
Weezer67 Registered User Join Date: Nov 2007 Location: Dodge City, Kansas Posts: 63	Re: best news of the year!(no pun intended) This is a great story all around. Once dead...now alive and with insurance. I know you were being taken care of by the man upstairs! It will all work out for you! If you have receipts, photos, and documents..it will all help. Bottom line though, you and the guy will live to tell the story! Weezer67 Dodge City, Kansas Good luck with the new project!

01-03-2008, 12:31 PM	#9
crzngmychvy "1972 C5" Join Date: Jul 2004 Location: SoCal Posts: 729	Re: best news of the year!(no pun intended) Don't trust the insurance company of the other person. When I was rear ended by another dude with my two senior parents and my 5 year old girl in the car the insurance company offered a $250.00 settlement for all of us. I bought a book (can't remember the title) that helped me calculate a fair settlement. Once I had an amount I stuck to it, and they settled the day before small claims court. My advice is don't even bother talking to them too much, stick to what is fair and just file court papers as soon as you get offended by their low ball settlement offers. Documentation is very important too like everyone has already said. __________________ - 72 2wd Blazer ...sold... 2wd Blazer Page

01-03-2008, 01:10 PM	#10
toms68cst Registered User Join Date: Jun 2000 Location: Bismarck, ND Posts: 4,282	Re: best news of the year!(no pun intended) i think you should get A Good lawer espicially since you were injured. My brother-in-law is getting about a quarter of a million out of his accident. The other guy's insurance company will try to settle out for much less than you have coming. Of course your lawyer will get a good chunk of any settlement too. __________________ Unrestored 68 C-10 CST. Original 327. 4-Speed CH465. 50k or so miles. TREASURER, Drum Brake Club.

01-03-2008, 03:29 PM	#11
72BlckButy Tot Roddin' Join Date: Apr 2005 Location: Mid-MO Posts: 24,461	Re: best news of the year!(no pun intended) get a good lawyer if necessary. __________________ -Nate 1969 CST SWB - Project Blank Slate (4.5/6" ECE Static Drop, 6-lug disc brake upgrade (manual), Billet Specialties Vintec 20x8.5 255/40 (F) 20x10 295/40 (R), 250 I-6) 1960 AMF Skylark - Tot Roddin' (Lowered with custom frame; soon to include custom push bar and interior) 2008 Silverado CrewCab 1LT (5.3L, 3:73, 4x4, LT1, Z-71, Towing Package)

01-03-2008, 03:52 PM	#12
CharlieBrown Registered User Join Date: Dec 2007 Location: Van Buren Arkansas Posts: 137	Re: best news of the year!(no pun intended) LAWYERS GET 33% my guess..the guy prolly has a 25000.00 limit for injury..any more than that..well..if he aint got nothing..you aint gettin it thats beside the mechanical damage andd..insurance settlements..are tax free



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