Totaled?

[MTdiehard]

Some do offer replacement cost if it’s a newer car. Otherwise insurance company will do research and look at recent sales. Clearly her fault so her company will no doubt lowball it. Plus he can recover some funds for pain and suffering, assuming she even has insurance. In some cases both of them can be insured by the same company and that gets real tricky

Michigan is unusual. It has a strong no-fault law that provides a very generous first-party medical benefit. Part of the trade off for that generosity is that their law bars recovery for pain and suffering unless it is a serious injury. My bruises won't clear that hurdle, so I don't have any path to getting a settlement for pain and suffering.

Michigan also has a unique law regarding collision losses. Essentially, if you want coverage for damage to your car, you have to buy collision coverage. Even if the other driver is at fault, you can't recover your collision loss from them or their insurance company. It seems strange compared to other states, but that's the way it works there. The upshot is I only deal with my insurance company on this claim.

 

[sonny200]

Late to this discussion but glad to hear you & everyone else involved is OK. Super glad your insurance company is doing you right by providing you with replacement cost.

The racer in me can't help but think about all the possibilities of your totaled vehicle. I imagine the engine can be easily transplanted to a lessor/cheap GM product that can be made into a race/HPDE car, etc. You could salvage the wheels, replace the one destroyed & have an extra set of wheels. Again, just imagine the possiblities!

Many, many years ago, I had a Mazda Miata that I had modified that included almost the entire Flyin' Miata catalogue in it. I crashed & totaled it at VIR. My insurance company covered me completely & gave me enough so I could get a replacement Miata. I did that & also bought back my totaled vehicle directly from the insurance company. I transplanted all the "go fast" parts to the replacement Miata & then used the wrecked one for replacement parts. I would use them for myself or sell them to fellow racers who needed parts.

 

[brewski]

Michigan is unusual. It has a strong no-fault law that provides a very generous first-party medical benefit. Part of the trade off for that generosity is that their law bars recovery for pain and suffering unless it is a serious injury. My bruises won't clear that hurdle, so I don't have any path to getting a settlement for pain and suffering.

Michigan also has a unique law regarding collision losses. Essentially, if you want coverage for damage to your car, you have to buy collision coverage. Even if the other driver is at fault, you can't recover your collision loss from them or their insurance company. It seems strange compared to other states, but that's the way it works there. The upshot is I only deal with my insurance company on this claim.

having a car totaled by a guy hitting me and having to deal with his insurance company, I love the idea that I would only deal with my company. If they don't handle it well then they will lose a customer.

 

[MTdiehard]

https://www.copart.com/lot/82388965/2024-cadillac-ct5-v-blackwing-mi-flint

 

[DCV]

wow, 95K value?

 

[MTdiehard]

I was looking for comparables before I understood that I would get replacement cost. There aren't many MY 2024s for sale out there. Plus mine had only 9900 miles and was in great shape. And a similarly equipped new one would cost $108K. All a long winded way of saying $95K might not be crazy high. But of course I am biased.

 

[Finally-a-V]

Well, that didn't take long.

Just a shame you have to go thru all this due to some other idiot....BUT, more important, you're OK!

 

[brewski]

@MTdiehard get your order in. time is running out fast.
5BW only thru end of 2026

Today, Cadillac will announce that after six strong years, the current generation Cadillac CT4 and CT5 will be retired after model year 2026. The CT4 will continue through June 2026 and the CT5 until the end of 2026.

 

[MTdiehard]

@MTdiehard get your order in. time is running out fast.
5BW only thru end of 2026

Yikes! It so happens I got an order in this morning, but the goat rodeo doesn't inspire confidence. Maybe I should look around more aggressively.

 

[brewski]

Yikes! It so happens I got an order in this morning, but the goat rodeo doesn't inspire confidence. Maybe I should look around more aggressively.

you're probably fine. Unless you're trying to get carbon packages, that is something I know holds up a lot of orders. Allocations seem to be easier to get right now, but with this news create a surge of sales as potential end of line comes. Next gen might have a manual, but we won't know until future.

 

[MTdiehard]

I received a tragicomic email from onstar yesterday. The vehicle diagnostics look very strange (unless of course it's been in a crash):

 

[shbox]

Confirming engine and trans still good, LOL. Onstar still on duty!

 

[DCV]

You need to call them and cancel it.

 

[1StunnaV]

wow... man I am glad you are okay, that could have ended up much worse!!!!!!!!!!!!!... I watched that video like 20 times over.....