texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
firemarshalart, Zdaddy, WyattDS, Wake1, Oldcoach59
109752 Registered Users
Top Posters(All Time)
TexDawg 90,463
hopalong 79,261
Pilothawk 77,925
John175® 70,648
JDavis7873® 67,394
Derek 🐝 61,955
Tritonman 58,516
Mark Perry 55,399
LoneStarSon® 54,921
facebook
Forum Statistics
Forums60
Topics742,450
Posts15,321,336
Members109,752
Most Online36,273
Jan 23rd, 2013
Print Thread
What to expect with my insurance claim? #12729643
04/25/18 02:30 AM
04/25/18 02:30 AM
Joined: Mar 2010
Posts: 78
hobgood12 Offline OP
Outdoorsman
hobgood12  Offline OP
Outdoorsman

Joined: Mar 2010
Posts: 78
On Sunday I hit something while running about 30mph. Got towed in and assessed the situation. I had one bolt holding the lower unit to the midsection......the others sheared off. I also broke about a 5 inch piece off of the mid section. I dropped it by my local shop and call Farm Bureau. Adjuster came by today and authorized the breakdown of the engine to assess damage. As of close today he is up to $10,500 in total estimate.

1. Will they cut me a check for estimate minus deductible? If so is it smarter to sell the powerhead and use the check to re-power with a new ProXs?

2. Pull market value on the entire engine and determine if they should total it at that value?

3. What would an 2008 250 ProXs powerhead be valued at? Between 200-250 hours on original.

Re: What to expect with my insurance claim? [Re: hobgood12] #12729705
04/25/18 03:31 AM
04/25/18 03:31 AM
Joined: Sep 2012
Posts: 627
Granbury, TX
B
bbassfishes Offline
Pro Angler
bbassfishes  Offline
Pro Angler
B

Joined: Sep 2012
Posts: 627
Granbury, TX
You should call and speak with your adjuster for these answers. You don't get to determine weather the engine is totaled or not, and if it is, you do not get to keep the engine and get a check for it's value.

Re: What to expect with my insurance claim? [Re: hobgood12] #12729710
04/25/18 03:37 AM
04/25/18 03:37 AM
Joined: Jul 2015
Posts: 1,359
Bella vista .arkansas
F
Flooringit Online content
Extreme Angler
Flooringit  Online Content
Extreme Angler
F

Joined: Jul 2015
Posts: 1,359
Bella vista .arkansas
If there’s a loan check may be wrote to you and lender. I’d sell the upper and buy whole motor if I could get close.


2013 Phoenix 920xp
Re: What to expect with my insurance claim? [Re: hobgood12] #12729805
04/25/18 11:22 AM
04/25/18 11:22 AM
Joined: Feb 2003
Posts: 53,797
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,797
Campbell, TX
depends on it you have a depreciation policy or a stated value type policy, too.

Re: What to expect with my insurance claim? [Re: hobgood12] #12729917
04/25/18 01:11 PM
04/25/18 01:11 PM
Joined: Mar 2005
Posts: 3,850
Hill county
L
Legend LE-195 Offline
TFF Team Angler
Legend LE-195  Offline
TFF Team Angler
L

Joined: Mar 2005
Posts: 3,850
Hill county
From all the chatter from mercury and switching over to 4 strokes full time you may not be able to get a new 250 pro xs by middle of next month, I would get on it quick.

Re: What to expect with my insurance claim? [Re: hobgood12] #12729970
04/25/18 01:42 PM
04/25/18 01:42 PM
Joined: Apr 2014
Posts: 438
D
dandeeks Offline
Angler
dandeeks  Offline
Angler
D

Joined: Apr 2014
Posts: 438
The way they determine the value of the old motor is by searching the web etc to find a comparable one for sale. This is also the way you can negotiate to get more for your motor, b/c usually they offer you much less. Once you start finding comparable motors, even different ones from same year and power... you will start having a better understanding of what that value is. It's kind of like having to determine what your used car is worth, you just get on the computer and see what everyone else is asking. Most likely, they will just give you the value you guys agree on. I would suggest you stress your insurance was purchasewd to keep you on the water and don't let them lowball you, because after all you will need to buy a replacement. If a replacement is cheaper than getting it fixed, they will give you that value. If it is a lot more, they will give you money for repair. That is usually how this works.

Re: What to expect with my insurance claim? [Re: hobgood12] #12935129
10/16/18 04:06 PM
10/16/18 04:06 PM
Joined: Jun 2016
Posts: 641
Magnolia, TX
C130 Offline
Pro Angler
C130  Offline
Pro Angler

Joined: Jun 2016
Posts: 641
Magnolia, TX
I am going through the same ordeal right now, hit something going abut 35 mph. 2017 250 Pro XS. Lower units are on backorder, 4-7 weeks. If I could buy a new 4 stroke I think I might go that route but doubt I can find one of those also. Insurance is telling me 1-2 weeks before they can even approve the claim.


Bass Cat Eyra
Re: What to expect with my insurance claim? [Re: hobgood12] #12935298
10/16/18 06:33 PM
10/16/18 06:33 PM
Joined: Apr 2017
Posts: 1,539
San Angelo
tmd11111 Online content
Extreme Angler
tmd11111  Online Content
Extreme Angler

Joined: Apr 2017
Posts: 1,539
San Angelo
NADA list average value of your motor at $9355. As low as the hours are it may be worth a bit more. Either way seems the estimate so far exceeds the value of the motor. If that's the case they will cut you a check for the value and they keep the motor for auction. You may get an option to buy it back but would probably be better off using the cash as a down payment on a new one. With that being said their new V8 4strokes are backordered about 10 months out.

Re: What to expect with my insurance claim? [Re: hobgood12] #12941159
10/22/18 12:43 AM
10/22/18 12:43 AM
Joined: Jun 2016
Posts: 641
Magnolia, TX
C130 Offline
Pro Angler
C130  Offline
Pro Angler

Joined: Jun 2016
Posts: 641
Magnolia, TX
Mew 250 4 strokes are hard to find and it seems if anyone actually has one in stock they have them priced high. $18,900 plus $600 to ship it.


Bass Cat Eyra
Previous Thread
Index
Next Thread


© 1998-2019 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.1