Flood damage

[BigJohn]

I guess, I shouldn't dream about a missed opertunity!!!


Doug I can not leave work until after 4:00pm Thursday..

[Hog]

Originally Posted by LGAFF

Mecum Indy 2011; I was there...check their website...

That was where the Mr Paul Dehnert's collection was sold. I dont see any mention of brand new LT5's for $4000. I see a used LT5.
I dunno.

peace
Hog

[LGAFF]

I was as was there as was Brody, I bought an entire truckload of parts, including the 17X13 dymags now on B Hendersons cars...I bid one Lt-5 to $3500 and the other to $3800....but with no room decided to halt at those numbers, one was in the crate, the other was the engine Paul D had as a coffee table.

You have to pay 15% fee and then In sales tax also on top of that

[LGAFF]

My bad I was wrong with my info...there were 3 motors

http://www.zr1.net/forum/showthread....highlight=paul

[cvette98pacecar]

Originally Posted by LGAFF

My bad I was wrong with my info...there were 3 motors

http://www.zr1.net/forum/showthread....highlight=paul

There was another motor that sold this year in Indy for 3500

[VetteVet]

My apologies to all. I have been so tied up with wrangling with my insurance company that I have not been able to keep up with this thread and for some reason, the website has not been sending me e-mails notifying me of new posts in this thread.

First of all, I'd like to offer up a big thanks to Lee for all of his help and sage advice.

Now for the updates:

I contacted NADA and spoke to Alex. He did agree with me that there was a problem with their website in that it did not properly denote their high retail value of 34.4k as actually being the correct value for a ZR-1. He stated that it was an IT problem and would put in a request to have it corrected. He also offered to send me and/or my insurance company official correspondence stating such.

My insurance company offered me $8000.00 and made it clear that they were being very generous because they had found examples of running 1991 ZR-1's as low as $7000.00 and had even found a 2000 mile car in pristine condition for $17,000.

The adjustor, who is a company employee and not a contractor brought in to help deal with the catstrophe stated to my face that his company would pay me "full retail value for a running car" because he had witnessed the state of restoration.

Furthermore, both my agent and the bean counter with their Total Loss Unit admitted that their company pays NADA high retail value for total loss vehicles as a matter of policy.

Once the bean counter latched onto the fact that NADA did not have a value established on the car, he proceeded to do some very flawed research into the value of my car that exploited the current bug in Ebay that is forcefully misidentifying base 1991 corvettes as ZR-1's (If you don't believe me, do a search on Ebay and you will see ads for ZR-1's where the text in the ad emphatically states "THE EBAY VIN SEARCH LISTED THIS AS A ZR1 IN ERROR. IT IS NOT, IT IS THE BASIC COUPE."

Here is the link:

http://cgi.ebay.com/ebaymotors/1991-...item3a79cff15b

Here is another one, where the seller states "ALSO, E-BAY SHOWS THIS IN THE VIN SEARCH TO BE A ZR-1, BUT IT IS NOT.":

http://cgi.ebay.com/ebaymotors/1993-...item3a79c8327f

My insurance company agreed to have my claim transferred to my "Local Zone" for an "independent review and valuation." Sure enough, I received a call from a Baton Rouge, LA number within less than an hour. The woman stated that "we have reviewed your claim and have decided to make you a generous offer of (you guessed it) $8000.00. Where was the independent review and valuation that they promised? It sure as hell didn't happen within that short of a time-frame.

I asked the woman "What if I completed the reassembly and presented you with a running, drivable, fully functional car?" Her reply was "Our settlement offer would remain the same at $8000.00.

To this point, I have resisted naming names, however I have been treated so shabbily and have been so thoroughly disgusted with their lack of professionalism in the handling of my claim that I feel obligated to warn others.

My insurance company is STATE FARM. I went with them because I had always had great feedback from friends and relatives about how fairly they treated their customers who suffered losses.

I have had five automobiles insured with them for many, many years with only one claim for damage to a vehicle, during Hurricane Katrina (the payout on that claim was <$1500.00). My local agent is absolutely fantastic and has been on my side throughout this whole ordeal.

However, State Farm Corporate has utterly failed me thus far.

By the way, I no longer have the option of dropping the claim. Once the claim was filed, my car was branded as "flood damaged." The value of my car is now forever tainted and the laws in my state may very well require my car to be totalled even if my wish was to drop the claim and take the hit in value.

If any of you would like to call me for further details, I would be more than happy to provide them. I have only summarized the details here. There are many, many more details to this sordid tale thus far.

I can be reached at 985-789-5118. If any of you are insured by State Farm, you may want to consider switching companies.

Thanks,
Jep

[VetteVet]

Originally Posted by LGAFF

Hey Jep, I have the Mercriuser plate for that car, you dissappeared on me.....

Lee,

Did I pay you already? If not, let me know what I owe you. Since it looks like they may take this car from me whether I like it or not, I guess I could make a nice wall plaque out of it as my remembrance of my pristine Z that never was.

Thanks,
Jep

[LGAFF]

Jep, as we discussed I would escalate this to the State Farm Corporate or DOI at this point, hard to believe people are that damn stupid, fortunately our TL manager at my company is a car guy.

[USAFPILOT]

This is exactly what I saw coming...and if you work in this industry I am sorry my negative thoughts on it as a whole offend.

Absurd...as always.

Agreed value is the only way to insure these cars...but I am also sure even those companies/ policies have an out, or will just flat lie to your face and not pay.

It doesn't help the govt is backing them, and the fact that you just talked to them and filed this claim that they now get the car no matter what. That is total BS.

[Corbusa]

Let'em have the car.. IF memory serves me correctly, 6 months ago you sold the LT5 because you were going to replace it with a standard old school 350.. in fact dude still has the receipt from the exchange.. He was supposed to pick the engine up but hasn't made it down there yet. I'm sure he can be there within the week with the other engine, to complete the transaction.
PS sounds like its time to move to higher ground How many acres you want in TN?