nick8086 Posted July 1, 2022 Share Posted July 1, 2022 Should i buy it back? It is full of car parts.. Link to comment Share on other sites More sharing options...
nick8086 Posted July 1, 2022 Author Share Posted July 1, 2022 The roof and the side got hail on.. Link to comment Share on other sites More sharing options...
oldford Posted July 1, 2022 Share Posted July 1, 2022 Have you priced new trailers lately? I'll bet you could buy it back for a fraction of the cost of new... Frank 2 Link to comment Share on other sites More sharing options...
alsancle Posted July 1, 2022 Share Posted July 1, 2022 I would buy it back. Link to comment Share on other sites More sharing options...
SC38dls Posted July 1, 2022 Share Posted July 1, 2022 Buy it back and try using dry ice to remove the dents. Just be careful to use gloves as the ice is dangerous to skin. dave s Link to comment Share on other sites More sharing options...
TAKerry Posted July 1, 2022 Share Posted July 1, 2022 Do the dents harm the contents? 1 Link to comment Share on other sites More sharing options...
28 Chrysler Posted July 1, 2022 Share Posted July 1, 2022 The content of the trailer should have nothing to do with the insurance on the trailer. Link to comment Share on other sites More sharing options...
charlier Posted July 1, 2022 Share Posted July 1, 2022 11 hours ago, nick8086 said: Should i buy it back? It is full of car parts.. Since you ask about buying the trailer back can we assume you are carrying Comprehensive coverage on the trailer?? If not you have no decision to make. Otherwise...... It would be in your best interest to FULLY UNDERSTAND the pros and cons of letting your insurance company classify your trailer as "TOTALED" BEFORE you make your decision. Some of the pros and cons are related to how or if you can even insure the trailer going forward. Other pros & cons are related to how the title of the trailer may change and how that can impact the value of the trailer when it is sold in the future. If you live in a state that requires that the trailer undergo a periodic safety inspections, that is a whole other can of worms and potential cost to get a "Totaled" trailer back on the road. Did the hail damage the roof of the trailer such that is now leaks water into the inside when it rains? If the hail damage is purely cosmetic, is it really worth a whole host of potential future headaches for the $$$$ the insurance company is offering to total it? 5 Link to comment Share on other sites More sharing options...
SC38dls Posted July 1, 2022 Share Posted July 1, 2022 (edited) What Charlier says can be true. I had a similar situation with my car & Hagerty. I worked out a deal so I did NOT get a salvage title. The reason I did it was insurance in my state would have been difficult and resale in or out of state would have been as a parts car only. Talk to the insurance company and work out a deal. In my case the estimated repair was over twice the guarantee value. I took out there 20 grand parts car and a few of the parts not really damaged. That brought the estimate down to about $9400 instead of the $15 grand value. They sent me a check and I fixed the car for about $2800. Talk to them and work out a deal if the trailer is good otherwise. dave s Edited July 1, 2022 by SC38dls (see edit history) 1 Link to comment Share on other sites More sharing options...
Marty Roth Posted July 1, 2022 Share Posted July 1, 2022 Same story - different company - many years ago - Agreed to a (slightly) lesser price, had repairs properly and safely completed, passed the car to folks who knew what it had been through, replaced with another great car Link to comment Share on other sites More sharing options...
DrData Posted July 1, 2022 Share Posted July 1, 2022 As long is there is no hail damage to any of the seams, which would allow water in, I would work a repair deal with your adjuster. The hail dents do not seem too deep and many would pop out when parked in the summer sun. I bet your adjuster would happily work out a low-ball repair rather than the hassle and paperwork involved with a total loss, salvage, title, etc. Link to comment Share on other sites More sharing options...
Frank DuVal Posted July 2, 2022 Share Posted July 2, 2022 Hail dents prevent using the trailer? 🤔 1 Link to comment Share on other sites More sharing options...
3macboys Posted July 2, 2022 Share Posted July 2, 2022 I'd answer these questions to help you decide: What year is the trailer? Any other issues with it - wiring, floor etc? What do you use it for? - is it just storage for parts or to haul them to flea markets or something else What is the quality of that trailer compared to what you could get today? Do you really need it? and lastly - What will happen to your other insurance premiums if you make a claim? 2 Link to comment Share on other sites More sharing options...
Bryan G Posted July 2, 2022 Share Posted July 2, 2022 Some of those paintless dent repair guys are magicians. One way or the other, I'd keep the trailer. 2 Link to comment Share on other sites More sharing options...
nick8086 Posted July 2, 2022 Author Share Posted July 2, 2022 I inherit 6 car trailers. I only have 3 left.. This was the only one that I had insurance on.. Looks like the other one is in use. By my son.. I did not pay any thing for them.. I will update after they look at it.. Not sure about the roof.. I did not take the right set of key to open it up.. I just put the current sticker on it.. Link to comment Share on other sites More sharing options...
nick8086 Posted August 12, 2022 Author Share Posted August 12, 2022 Buy back I net 3k. I think I going to have them take the car trailer. I get 8k.. I will not have to sell it or deal with any one... It is just gone.. 2 Link to comment Share on other sites More sharing options...
nick8086 Posted August 12, 2022 Author Share Posted August 12, 2022 (edited) On 7/1/2022 at 8:09 PM, 3macboys said: I'd answer these questions to help you decide: What year is the trailer? Any other issues with it - wiring, floor etc? What do you use it for? - is it just storage for parts or to haul them to flea markets or something else What is the quality of that trailer compared to what you could get today? Do you really need it? and lastly - What will happen to your other insurance premiums if you make a claim? Just to take my car to car shows.. 2011 was the year on the trailer.. Insurance premiums are 20 to 50 higher this year.. Just FYI.. Edited August 12, 2022 by nick8086 (see edit history) Link to comment Share on other sites More sharing options...
TAKerry Posted August 12, 2022 Share Posted August 12, 2022 I am curious as to what the insurance is on the trailer? Was it covered by your homeowners? I have a deck trailer and a box trailer and as far as I know there is no insurance on either. There was no requirement when I got tags. I asked my agent and she told me that the coverage of the trailer was from the vehicle pulling it. Link to comment Share on other sites More sharing options...
SC38dls Posted August 12, 2022 Share Posted August 12, 2022 (edited) Kerry, we had a two horse with a 6 ‘ dressing room goose neck that was insured as an independent vechicle as the car coverage does not cover it when it is not attached AND in use. Parked is not covered attached or not on your car insurance. The cost was $70 a year. No deductible covered damage and theft parked or in use. I did it just as a precaution. dave s Edited August 12, 2022 by SC38dls (see edit history) Link to comment Share on other sites More sharing options...
Paul Dobbin Posted August 12, 2022 Share Posted August 12, 2022 2 hours ago, TAKerry said: I am curious as to what the insurance is on the trailer? Was it covered by your homeowners? I have a deck trailer and a box trailer and as far as I know there is no insurance on either. There was no requirement when I got tags. I asked my agent and she told me that the coverage of the trailer was from the vehicle pulling it. TA Kerry Quote The Liability coverage comes from the car pulling it. Physical damage to the trailer comes from the Collision and Comprehensive coverage if the trailer is endorsed onto your car policy. I added my aluminum car trailer onto my collector car policy. Stated amount. Link to comment Share on other sites More sharing options...
nick8086 Posted August 13, 2022 Author Share Posted August 13, 2022 (edited) 12 hours ago, TAKerry said: I am curious as to what the insurance is on the trailer? Was it covered by your homeowners? I have a deck trailer and a box trailer and as far as I know there is no insurance on either. There was no requirement when I got tags. I asked my agent and she told me that the coverage of the trailer was from the vehicle pulling it. No sure on this.. I just took what my dad had and changed the name to me after he past away... Not sure on the cost .. I think it was 42.00 every 6 months.. Edited August 13, 2022 by nick8086 (see edit history) Link to comment Share on other sites More sharing options...
Paul Dobbin Posted August 13, 2022 Share Posted August 13, 2022 My Aluminum car trailer is endoresed io my Collector Car Policy for $4600 Collision and Comprehensive with a $250 Deductable and a cost of $62.00 annual premium. Link to comment Share on other sites More sharing options...
TAKerry Posted August 13, 2022 Share Posted August 13, 2022 Mine are construction trailers not used to haul cars. I suppose if I had one I would endorse it through my auto policy. I would imagine my general insurance has some kind of coverage on it though. Link to comment Share on other sites More sharing options...
Paul Dobbin Posted August 14, 2022 Share Posted August 14, 2022 23 hours ago, TAKerry said: Mine are construction trailers not used to haul cars. I suppose if I had one I would endorse it through my auto policy. I would imagine my general insurance has some kind of coverage on it though. If you had purchased Collsion & Comprhensive coverage on your trailers, the declarations page would show the trailers and a premium charged for them. A home utility trailer can be covered on your homeowners policy of it's use pertains to the maintenacce of your home premises., Your commercial trailers would be on your commercial policy.. If there is no premium charged, there is no coverage. Link to comment Share on other sites More sharing options...
SC38dls Posted August 14, 2022 Share Posted August 14, 2022 The way the insurance guy explained it to me was —if towing by your insured legal vehicle (meaning not exceeding weight limits) you have liability only. No collision. You have nothing if it is parked unhooked. You have no collision hooked or unhooked towing or not. If you pay for a separate policy you can insure for collision, extra liability (also covers if it unhooks while moving and damages others) and theft. This type policy would cover hail damage also. Hope that helps. dave s 5 Link to comment Share on other sites More sharing options...
nick8086 Posted August 15, 2022 Author Share Posted August 15, 2022 (edited) I have to make a choice.. To keep it or let them have it. Edited August 15, 2022 by nick8086 (see edit history) Link to comment Share on other sites More sharing options...
30DodgePanel Posted August 15, 2022 Share Posted August 15, 2022 Do you use it enough to justify buying it back? If you'll never use it then let them have it. If you use it for shows then I'd keep it because replacing that same trailer isn't cheap. I'm in between enclosed trailers currently so for me it's a no brainer... If it's only cosmetic damage to the top then it still serves it's intended purpose, but if there is structural damage I'd sell it. The sides look good still so the birds can deal with the top damage... 1 Link to comment Share on other sites More sharing options...
TAKerry Posted August 15, 2022 Share Posted August 15, 2022 Im not a person that turns things into insurance unless its a disaster. IF that were mine, I would have looked at it and said, 'bummer', the top has some dings' and moved on. I would keep it and not think again about it. 5 Link to comment Share on other sites More sharing options...
nick8086 Posted August 16, 2022 Author Share Posted August 16, 2022 (edited) If any one wants to buy it.. 9450.00 We never used it.. It is new with hail dents.. It is a CA H and H trailer 18 foot.. Edited August 21, 2022 by nick8086 (see edit history) 1 Link to comment Share on other sites More sharing options...
nick8086 Posted August 16, 2022 Author Share Posted August 16, 2022 (edited) On 7/1/2022 at 7:33 AM, alsancle said: I would buy it back. 10 years ago i would do this.. Today.. As a business person.. I have to deal with : covid-19 inflation politics recession retirement downsizing Here is the sad thing.. My dad had a network of guys to fix stuff very cheap.. I do not have this 12 years after dad past away.. Edited August 23, 2022 by nick8086 (see edit history) Link to comment Share on other sites More sharing options...
nick8086 Posted August 22, 2022 Author Share Posted August 22, 2022 First load removed today.. 7 more to go.. Link to comment Share on other sites More sharing options...
nick8086 Posted August 22, 2022 Author Share Posted August 22, 2022 On 7/1/2022 at 11:50 AM, charlier said: Since you ask about buying the trailer back can we assume you are carrying Comprehensive coverage on the trailer?? If not you have no decision to make. Otherwise...... It would be in your best interest to FULLY UNDERSTAND the pros and cons of letting your insurance company classify your trailer as "TOTALED" BEFORE you make your decision. Some of the pros and cons are related to how or if you can even insure the trailer going forward. Other pros & cons are related to how the title of the trailer may change and how that can impact the value of the trailer when it is sold in the future. If you live in a state that requires that the trailer undergo a periodic safety inspections, that is a whole other can of worms and potential cost to get a "Totaled" trailer back on the road. Did the hail damage the roof of the trailer such that is now leaks water into the inside when it rains? If the hail damage is purely cosmetic, is it really worth a whole host of potential future headaches for the $$$$ the insurance company is offering to total it? It is purely cosmetic. I was on site today.. Link to comment Share on other sites More sharing options...
nick8086 Posted September 14, 2022 Author Share Posted September 14, 2022 what is up with sales tax on a claim? Link to comment Share on other sites More sharing options...
30DodgePanel Posted September 14, 2022 Share Posted September 14, 2022 38 minutes ago, nick8086 said: what is up with sales tax on a claim? Below is a list that shows which states require insurance companies to pay sales tax above and beyond the vehicle’s actual cash value. A third party claim is a claim filed against another carrier (at fault carrier). A first party claim is a claim filed against your own carrier, regardless of fault. On a first party claim your policy will indicate if you’re eligible for reimbursement for the sales tax after your vehicle is declared a total loss. As a matter of public policy most carriers pay for sales tax on all claims. States requiring sales tax be paid for total loss settlements State Citation Applies to third-party claims? Alabama AL ADC 482-1-125-.08 No Alaska AK Bulletin 93-8; 3 AK ADC 26.080 No Arizona AZ ADC R20-6-801 No Arkansas AR Rule 43-10; AR ST s 23-89-11; AR Bulletin 2-2002 No California 10 CA ADC s2695.8 No Colorado CO ST s10-4-639 Yes Connecticut CT ST s38a-816 Yes Florida FL Information Bulletin 82-224 Yes Georgia GA ADC 120-2-54-.06 No Hawaii HI ST s431:10C-312 No Illinois 50 Ill. Adm. Code 919.80 No Indiana IN Bulletin 82 Yes Kansas KS ADC s40-1-34 Yes Kentucky KY Bulletin 81-DM-007; 806 KAR ADC 12:095 Yes Maine ME Bulletin 194; ME TI 24A s2907 No Maryland MD Ins Order 11-25-80 Yes Minnesota MN ST s72A.201 No Mississippi MS Bulletin 2007-4 Yes Nebraska NE Bulletin CB-49 Yes Nevada NVADC 686A.680 No New Jersey NJ ADC 11:3-10.4 No New York NY Gen Counsel Op 3-12-2001 11 NYCRR 216.6 Yes Ohio OH ADC 3901-1-54 Yes Oklahoma OK ST T.36 s1250.8 No Oregon OR ADC 836-080-0240 Yes Pennsylvania 31 PA ADC s62.3 Yes Puerto Rico Rule XLVII 7 Yes Tennessee TN Bulletin 9-1-89 Yes Utah UT ADC R590-190-11 Yes Vermont VT Bulletin 58; VT ADC Ins 79-2 Yes Virginia VA Ins Order 11607 Yes Washington WA Bulletin 89-3; WA ADC 284-30-3907 Yes West Virginia WV ADC 114-14-7; WV ST s33-6-33 Yes Wisconsin 12/97 Insurance Commissioner Newsletter No 1 Link to comment Share on other sites More sharing options...
8E45E Posted September 14, 2022 Share Posted September 14, 2022 Take the cash settlement from the insurance company and be done with it! Hail dents don't make it perform over the road any worse, and being white in color don't make them stand out any. Its not like you're trying to pick up ladies-of-the-night with it!! Craig Link to comment Share on other sites More sharing options...
TAKerry Posted September 14, 2022 Share Posted September 14, 2022 I thought at one time you were wanting to sell it. I think I would take the ins. buyout and let them have it. You may sit for months trying to sell and then may not get what the offer is. Not to mention the pain of advertising and putting up with tire kickers, etc. 1 Link to comment Share on other sites More sharing options...
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