Camaro under 6 feet of water :-( - Page 16 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Suskam · 03-05-2011, 09:27 PM

Quote:

Originally Posted by Cam2011

Silly question but as a person who lives feet from Long Island Sound and has flood insurance isn't the pay out to be expected from FEMA not State Farm, or does State Farm just act as the go between for FEMA?

I don't believe that FEMA gets involved unless it has been declared a state of emergency, which it wasn't. The area is also not in a "flood zone".

bkscott · 03-05-2011, 09:41 PM

Quote:

Originally Posted by Cam2011

Silly question but as a person who lives feet from Long Island Sound and has flood insurance isn't the pay out to be expected from FEMA not State Farm, or does State Farm just act as the go between for FEMA?

The car will be covered by SF. They paid my claim in 05 for Katrina. The house was covered by my Federal Flood Insurance policy.

I was able to buy my car back because a friend wanted to rebuild it. It is still on the road today last I heard.

Before:

After

Lynnspeed · 03-05-2011, 10:00 PM

OMG OMG!!!! So Sorry!

DaddySS · 03-05-2011, 10:07 PM

Sorry to see that.

Gangster · 03-06-2011, 02:32 AM

Have they given you a total on how much you are colecting yet? I cant believe the car is already listed to sell and the case isnt even closed and you havent gotten paid yet. are you going for a ss this time around?

Suskam · 03-06-2011, 09:21 AM

Quote:

Originally Posted by Gangster

Have they given you a total on how much you are colecting yet? I cant believe the car is already listed to sell and the case isnt even closed and you havent gotten paid yet. are you going for a ss this time around?

Expecting an insurance call Monday... I made sure they declared it totalled before they took it, but no payment yet. I'm still considering an SS, but need to know that dollar amount first, and with gas prices approaching 4.00/gallon... not sure.

guiLT · 03-06-2011, 09:44 AM

That SUCKS!

Silver2SSRS6spd · 03-06-2011, 10:06 AM

Quote:

Originally Posted by talwell

Here you go:

https://www.iaai.com/Vehicles/Vehicl...&RowNumber=66#

Unbelievably quick on State Farm's part. Dont sign anything unless you read it to make sure you are getting a fair deal. Hope you get your new one soon.

nascarnate326 · 03-06-2011, 10:14 AM

Wow, thats crazy.

I hope who ever buys it, makes a race car out of it. The car still has many good parts and I bet that with a good wash a lot of the parts would be worth money.

Would you consider buying it back and rebuilding it?

2Muchmark · 03-06-2011, 10:51 AM

I know it sucks, but in a way its kinda ... cool? To me that would be a really fun restoration project. If your car is considered a write-off by your insurance company, will they let you keep it anyway?

Silver2SSRS6spd · 03-06-2011, 10:54 AM

Quote:

Originally Posted by 2Muchmark

I know it sucks, but in a way its kinda ... cool? To me that would be a really fun restoration project. If your car is considered a write-off by your insurance company, will they let you keep it anyway?

The insurance company will let you buy them back sometimes. I doubt they will on this one since it's a mold case and they could be sued again. I'm sure there will be disclosures and disclaimers when this one sells.

I think that car could easily fetch 10k. The engine is probably worth close to that, the tires, wheels, glass and all body panels should be fine for resale. This one will be parted out.

4RD H8R · 03-06-2011, 11:00 AM

State Farm typicaly uses NADA for values to determine total losses and payment values. Check out the value here http://www.nadaguides.com/Cars/Research-Center and see how close it is to the offer you recieve. It may change little if they are reimbursing you for the aftermarket parts as well, but I bet it is real close.

Some other insurance companies use a company called CCC valuescope to determine the value (Geico, USAA, Natonwide are a few examples). If you google "auto insurance ccc valuscope" you will see the massive complaints that auto owners have with their determined values.

Bottom line no matter what insurance company, DO YOUR OWN RESEARCH!!! If the numbers see off, find out how they determine the value, who they use to do so, and ask for a report that shows the comps. (comparable vehicles) they used and where how they determind the value of those cars not to mention where they were. All the vehicles used to value your car should be in your local market, not 200 miles away. A little different if you are driving a Lamborghini of a Ferrari that you have to look hundreds of miles to find a few cars to compare it to, not your Camaro.

GATORJAK · 03-06-2011, 11:01 AM

My wife lost her 5 month old Monte Carlo Supercharged SS in Katrina (under 5 feet of water). Look pretty much like your Camaro. We know how you feel! Sorry. State Farm came through for her, it was financed and when it was all said and done she cleared $35. Good Luck!

bkscott · 03-06-2011, 11:02 AM

I agree. The engine,tranny, and rear will be ok. Even some body panels. He can buy it back if he wants. They will try to discourage it for all the reasons you mentioned, but it is possible.

My car was under water for weeks, and all they did to get it started was pull the plugs, change the oil, and put a starter and ECU on it.

If the OP has the time and skill to part it out I would say do it.

Good luck with what ever you decide to do, cause I definitely feel your pain.

03-05-2011, 10:00 PM	#213
Lynnspeed Attitude is Everything!! Drives: 2011 2LT RS CGM Join Date: Dec 2010 Location: Arizona Posts: 115 View My Garage	OMG OMG!!!! So Sorry! __________________

03-06-2011, 09:44 AM	#217
guiLT Tampa Gulf Coast Family Drives: 2001 Maxima Join Date: Oct 2009 Location: Tampa, Florida Posts: 6,585 View My Garage	That SUCKS! __________________

03-06-2011, 10:14 AM	#219
nascarnate326 Team Green Drives: 1998 Chevrolet Camaro Z28 Join Date: May 2009 Location: Olivet, MI Posts: 288	Wow, thats crazy. I hope who ever buys it, makes a race car out of it. The car still has many good parts and I bet that with a good wash a lot of the parts would be worth money. Would you consider buying it back and rebuilding it? __________________ '98 Camaro Z28 M6 -Toy '07 HHR LT - DD

03-06-2011, 11:00 AM	#222
4RD H8R Beating 5.0's since 1988 Drives: 2010 RS SS M6 Join Date: Jun 2010 Location: Buford, Ga. Posts: 525	State Farm typicaly uses NADA for values to determine total losses and payment values. Check out the value here http://www.nadaguides.com/Cars/Research-Center and see how close it is to the offer you recieve. It may change little if they are reimbursing you for the aftermarket parts as well, but I bet it is real close. Some other insurance companies use a company called CCC valuescope to determine the value (Geico, USAA, Natonwide are a few examples). If you google "auto insurance ccc valuscope" you will see the massive complaints that auto owners have with their determined values. Bottom line no matter what insurance company, DO YOUR OWN RESEARCH!!! If the numbers see off, find out how they determine the value, who they use to do so, and ask for a report that shows the comps. (comparable vehicles) they used and where how they determind the value of those cars not to mention where they were. All the vehicles used to value your car should be in your local market, not 200 miles away. A little different if you are driving a Lamborghini of a Ferrari that you have to look hundreds of miles to find a few cars to compare it to, not your Camaro. __________________ Beating the crap out of my Camaros for 23+ years 1973, 1970 1/2, 1979, 1968, 1971, 2010

03-06-2011, 11:01 AM	#223
GATORJAK Drives: 2010 Camaro 2SS/RS Join Date: Apr 2010 Location: Slidell, LA Posts: 507 View My Garage	My wife lost her 5 month old Monte Carlo Supercharged SS in Katrina (under 5 feet of water). Look pretty much like your Camaro. We know how you feel! Sorry. State Farm came through for her, it was financed and when it was all said and done she cleared $35. Good Luck! __________________

03-05-2011, 10:07 PM	#214
DaddySS Kept The Faith Drives: 2011 Camaro SS Convertible Join Date: Jan 2007 Location: Bergen County, New Jersey Posts: 418	Sorry to see that.

03-06-2011, 02:32 AM	#215
Gangster Camaro Crazy Drives: 2010 1SS/RS IBM/Grey M6 Join Date: Jun 2010 Location: Westchester,New York Posts: 202	Have they given you a total on how much you are colecting yet? I cant believe the car is already listed to sell and the case isnt even closed and you havent gotten paid yet. are you going for a ss this time around?

03-06-2011, 10:51 AM	#220
2Muchmark Drives: 2013 2SS RS 1LE Join Date: Mar 2009 Location: Montreal Posts: 857	I know it sucks, but in a way its kinda ... cool? To me that would be a really fun restoration project. If your car is considered a write-off by your insurance company, will they let you keep it anyway?

03-06-2011, 11:02 AM	#224
bkscott Drives: 2010 Camaro 2SS/RS Join Date: Dec 2009 Location: Grand Prairie, Texas Posts: 1,608 View My Garage	I agree. The engine,tranny, and rear will be ok. Even some body panels. He can buy it back if he wants. They will try to discourage it for all the reasons you mentioned, but it is possible. My car was under water for weeks, and all they did to get it started was pull the plugs, change the oil, and put a starter and ECU on it. If the OP has the time and skill to part it out I would say do it. Good luck with what ever you decide to do, cause I definitely feel your pain. __________________ 94 Firebird Formula (Drowned 08/30/05) 2010 IBM 2SS/RS 6M Arrived 3/25/10. ADM CAI, Borla Type S Cat Back, VMAX Ported TB, LG Short Throw Shifter, 1LE Shocks, Hotchkis Sway Bars, Whiteline Cradle Bushing Inserts, Custom Powdercoated ZL1's ,Michelin Pilot Supersports, Stainless Power Headers, Solo J Pipes, AAC LED Sidemarkers, ZL1 Rockers, SLP Splitter, ADM Stage II Cam,ZL1 Diffuser,Vitesse Throttle Controller.

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