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E46 M3 (2001-2006) Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006.


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Old Tue, Nov-05-2019, 05:59:15 PM   #21
brandontrek
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

Well, time for an update. Insurance inspection was this morning, the repair estimate hit $8k with more to go and they said it would be totaled. Now to fight for the value on the car.
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Old Tue, Nov-05-2019, 06:29:18 PM   #22
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

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Originally Posted by brandontrek View Post
Updated pics with better lighting

That is going to be a pretty penny to repair. plus a new trunk and bumper, plus a couple of surprise suspension component/undercarriage damage and you're looking at 10 grand to fix this. Unless you have a low mileage late model LSB then this car will be totaled. better get ready and prove them why your LSB is worth more than any other color M3 sold. this is going to be a hard battle.
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Old Tue, Nov-05-2019, 06:31:02 PM   #23
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

they'll probably only consider recent comps.
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Old Tue, Nov-05-2019, 07:00:21 PM   #24
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

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they'll probably only consider recent comps.
posted this before, but here it is again. 30k more miles and had structural damage sold for $20k.

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Old Tue, Nov-05-2019, 07:01:24 PM   #25
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

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Originally Posted by Maxima SE View Post
That is going to be a pretty penny to repair. plus a new trunk and bumper, plus a couple of surprise suspension component/undercarriage damage and you're looking at 10 grand to fix this. Unless you have a low mileage late model LSB then this car will be totaled. better get ready and prove them why your LSB is worth more than any other color M3 sold. this is going to be a hard battle.
..the post above you was my post saying it was totaled out
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Old Tue, Nov-05-2019, 08:26:35 PM   #26
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

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Originally Posted by brandontrek View Post
posted this before, but here it is again. 30k more miles and had structural damage sold for $20k.





Yes and the sale went through. I was the seller which I previously mentioned. To me it’s a good comp, OP let me know if you need anything regarding that car.


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Old Tue, Nov-05-2019, 08:27:26 PM   #27
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

my mans, thank you
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Old Wed, Nov-13-2019, 04:39:50 PM   #28
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

Update time:

Escalated the case to a supervisor after being given an initial value of $11,500. The supervisor calls asking questions to which we have already sent a lengthy email to.

During the first conversation with the supervisor, my wife drive home that the BaT car was a perfect comparable to our car. The supervisor comes back with "it has less miles so we will have to take that into consideration"...no the BaT car has 35k MORE miles than our car and structural damage history.

When stressing the value of LSB over a normal color like black or silver, the supervisor replied "aftermarket colors can't be considered in the value"...NO YOU MORON, that is an OEM color.

Proceeded to ask US for the VIN...um you guys have the car and ALL of the paperwork

The absolute icing on the cake was him saying our cars value was hurt because automatics are worth more.

He said the FINAL VALUE is $13,500

I have never dealt with anyone who was so bad at their job. We are hiring an appraiser, then composing a letter to the regional VP. I can't believe how much of a scam this company is.
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Old Wed, Nov-13-2019, 05:33:15 PM   #29
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

Quote:
Originally Posted by brandontrek View Post
Update time:

Escalated the case to a supervisor after being given an initial value of $11,500. The supervisor calls asking questions to which we have already sent a lengthy email to.

During the first conversation with the supervisor, my wife drive home that the BaT car was a perfect comparable to our car. The supervisor comes back with "it has less miles so we will have to take that into consideration"...no the BaT car has 35k MORE miles than our car and structural damage history.

When stressing the value of LSB over a normal color like black or silver, the supervisor replied "aftermarket colors can't be considered in the value"...NO YOU MORON, that is an OEM color.

Proceeded to ask US for the VIN...um you guys have the car and ALL of the paperwork

The absolute icing on the cake was him saying our cars value was hurt because automatics are worth more.

He said the FINAL VALUE is $13,500

I have never dealt with anyone who was so bad at their job. We are hiring an appraiser, then composing a letter to the regional VP. I can't believe how much of a scam this company is.
I am sorry you have to deal with those idiots. Unfortunately These guys do not understand the E46 markets nor cater to car guys. They have retarded algorithms and their sole goal is to pay you as little as possible.

This is why many of us have insurance through Grundy or hagerty who are specialized. Hope you consider them for the future

What is the year and mileage of your car ?
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Old Wed, Nov-13-2019, 05:37:35 PM   #30
brandontrek
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Default Re: Advice on fighting insurance for the value (LSB rear ended)

2003 LSB on Cinn 6 speed 150k miles. Kept in impeccable condition.

If we get another car where the market and book values are vastly different, we will be getting a grundy policy.
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Discussing Advice on fighting insurance for the value (LSB rear ended) in the E46 M3 (2001-2006) Forum - Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006. at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)