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Author
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Topic: thiefs?or insurance jobs?
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Blk93pny
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Member # 11387
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posted
 
 
well i was telling my lady last night,about all this theft thats been happening,and she said well do you think people just look for the opportunity to insurance job their cars since there has been so many thefts? i said there is a possibility but from what i hear their is a bunch of lurkers,but then again its a question that raised my eyebrow. not saying any of you guys have done an insurance job but id like to know how people feel about this subject
Posts: 707 | Registered: Oct 2011
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JBeezy53
CAFords OG
Member # 3960
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posted
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
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89 Gt
98 Cobra
88 Notch
05 GSXR 750 Blk/Yel
Posts: 1782 | From: Sacramento, Ca | Registered: Jan 2004
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97cobra209
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Member # 11376
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posted
Insurance job on a foxbody not likely what could you possibly get back for it if they pay based on the blue book value of the car plus most pepole don't even hold full coverage on these cars but I've never had a foxbody stolen from me so what would I know but my 03 cobra got stolen about a year and half ago it valued at 22k!!
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2011 GT/CS 5.0
Posts: 872 | From: Stockton | Registered: Oct 2011
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Farrell
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Member # 10801
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posted
quote:
Originally posted by JBeezy53:
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
This.
I have full coverage but will get probably 1/2-1/3 of what i have put into my car since they will pay me bluebook on an 85 5.0. and that's just money invested, not blood and sweat from working on it....
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Learn as if you'll live forever, live as it you're going to die tomorrow - Ghandi
Posts: 287 | From: Rhode Island | Registered: Mar 2011
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Blk93pny
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Member # 11387
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posted
quote:
Originally posted by JBeezy53:
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
it does when you have recipts
Posts: 707 | Registered: Oct 2011
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REDLIGHTING
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Member # 11296
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posted
I don't think so thay can part it out make lot more than insurance will pay.
"I'm sure that's what those faaaggs do"
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1992 coupe YSI, DART,
225 TFS HIGH PORTS
04 mystichrome convertible
2006 GMC sierra slt crew
Posts: 441 | From: sac | Registered: Sep 2011
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stock fox
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Member # 9211
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posted
I didnt even have incurence on my car soo im fucked
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🏁Sleeper notch under construction🏁
86 Notchback stang
Posts: 1849 | From: Sacramento | Registered: May 2009
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JUNKYARD5.0
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Member # 10398
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posted
What about for example if Termi's and SN95's get stolen and stripped, could that be an insurance fraud since the PATS system helps them out?
Because the owner can always make double his money, do an insurance job, sell all the parts to his buddies, and then just file the report and none of the "high performance" parts they had on their original car get marked as stolen because no reciepts were ever shown and then they still get their kbb value for the car.
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"My team doesn't make hits, we hit home runs"
86 Coupe-Storage
91 Coupe-Sold
91 Hatch-In Progress...
04 SVT-RIP
Posts: 1854 | From: WEST Menlo | Registered: Oct 2010
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REDLIGHTING
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Member # 11296
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posted
junkyard50 very good point.
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1992 coupe YSI, DART,
225 TFS HIGH PORTS
04 mystichrome convertible
2006 GMC sierra slt crew
Posts: 441 | From: sac | Registered: Sep 2011
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SLOWFOX
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Member # 11067
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posted
Ok ill be honest about 8 years ago my brother in law pulled the trigger on an insurance job on his fox his car was stock as stock gets was a tangerine color with some cobras r's and thats about it after his tranny went out for the second time he said fuck it and pulled the trigger on his insurance he had traded the car for a honda civic straight across well he got paid out pretty good cus he reported some misc..items in the car he got about 6k for a stock busted tranny fox but that was 8yrs ago kbb price was a bit higher and insurance companies were not as strict as they are now but who knows people might still find a way around all new rules and regulations but yea they pay you kbb value aftermarket parts aint shit to them unless its covered and a collectable or its arranged at time you buy your policy but for the most part 3k car with 10k in parts still will fetch only about 4k to most insurance correct me if am wrong... ![[patriot]](graemlins/patriot.gif)
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" A Wolf under sheep's clothing"-svoRICK 2/10/12
Almost everything I asked for.
Posts: 2399 | From: ESSJ | Registered: Jul 2011
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JZTRK
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Member # 7641
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posted
I worked at a tow yard from 2000-2005 and in that time I only seen 1 foxbody come in from being recoverd and a shit load were impounded for other reasons
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ANY THING PAST FIRST AND IM BREAKING THE LAW !!!
1990 lx Hatch (sold) 2014 GT Track Pack (sold) 2016 GT350 (sold)
1 of 16 2019 kona blue GT350R
Posts: 771 | From: My 44 Magnum says HI | Registered: May 2007
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JUNKYARD5.0
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Member # 10398
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posted
quote:
Originally posted by SLOWFOX:
Ok ill be honest about 8 years ago my brother in law pulled the trigger on an insurance job on his fox his car was stock as stock gets was a tangerine color with some cobras r's and thats about it after his tranny went out for the second time he said fuck it and pulled the trigger on his insurance he had traded the car for a honda civic straight across well he got paid out pretty good cus he reported some misc..items in the car he got about 6k for a stock busted tranny fox but that was 8yrs ago kbb price was a bit higher and insurance companies were not as strict as they are now but who knows people might still find a way around all new rules and regulations but yea they pay you kbb value aftermarket parts aint shit to them unless its covered and a collectable or its arranged at time you buy your policy but for the most part 3k car with 10k in parts still will fetch only about 4k to most insurance correct me if am wrong...
Yeah which in the case of an insurance job, means you get your 10k in parts back, you sell other parts on car and make about 1k-1.5k and on top of that you get the money from the insurance which could be around 3-4k so thats areound 15k dollars for a foxbody
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"My team doesn't make hits, we hit home runs"
86 Coupe-Storage
91 Coupe-Sold
91 Hatch-In Progress...
04 SVT-RIP
Posts: 1854 | From: WEST Menlo | Registered: Oct 2010
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king_jays_50
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Member # 9513
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posted
quote:
Originally posted by TorchRed03:
quote:
Originally posted by JBeezy53:
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
it does when you have recipts
9 times outta 10 people buy used parts so they most likely dont have receipts and the seller usually doesnt give you the receipt when u buy somethin, i know dam near everything thats done to my car is with used parts
Posts: 711 | From: Sacramento | Registered: Oct 2009
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Blk93pny
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Member # 11387
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posted
quote:
Originally posted by JUNKYARD5.0:
What about for example if Termi's and SN95's get stolen and stripped, could that be an insurance fraud since the PATS system helps them out?
Because the owner can always make double his money, do an insurance job, sell all the parts to his buddies, and then just file the report and none of the "high performance" parts they had on their original car get marked as stolen because no reciepts were ever shown and then they still get their kbb value for the car.
thats that im talking about ,i know a person who crashed his 5.0 86-93 car left and had recipts for everything ,got 7k for it.
Posts: 707 | Registered: Oct 2011
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triple b
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Member # 8763
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posted
quote:
Originally posted by TorchRed03:
quote:
Originally posted by JBeezy53:
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
it does when you have recipts
Receipts yes but you would have to declare it and nobody would want to pay that premium
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1988 4cyl conv 306 HCI "sasha"
2004 tahoe
Sold- 87 GT, 72 chevelle, 63 biscane, 82 monte carlo, 73 nova, 88 silverado,
Posts: 1730 | From: sacramento ca | Registered: Nov 2008
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04 S281
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Member # 9229
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posted
quote:
Originally posted by triple b:
quote:
Originally posted by TorchRed03:
quote:
Originally posted by JBeezy53:
The value of fox-bodies to most insurance companies doesn't make it worth it and most cars stolen were foxbodies.
it does when you have recipts
Receipts yes but you would have to declare it and nobody would want to pay that premium
+1 it all depends on the particular insurance company and what their coverage includes... you can't just claim your car was stolen, and show them $30k in receipts and expect every company to react the same way.
Not to mention, some insurance companies have a cap on how much additional value you can add to a car over book, regardless of what the receipts add up to.
Posts: 1570 | From: Sacramento | Registered: Jun 2009
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