2010 2011 BMW 5 Series Forum F10
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
 

2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums General 5-Series Sedan and Wagon (F10 / F11) Forum rant! isn't it SpringTime?!
Post Reply
 
Thread Tools Search this Thread
      04-12-2016, 11:31 AM   #23
Bbb34
Major
Canada
731
Rep
1,472
Posts

Drives: '11 535i 6sp. DHP/RWD
Join Date: Jul 2014
Location: ON

iTrader: (0)

Quote:
Originally Posted by 4MULA_1 View Post
.... but hail like that will destroy your car!
Unreal, just unreal
How do insurance companies handle things like these, I'm guessing any cars hit by this are just to expensive to repair properly ?
Appreciate 0
      04-12-2016, 11:46 AM   #24
PJinCA
USAF Pararescue Veteran
United_States
331
Rep
770
Posts

Drives: F10 535
Join Date: Feb 2013
Location: SoCal

iTrader: (0)

Quote:
Originally Posted by Bbb34 View Post
Unreal, just unreal
How do insurance companies handle things like these, I'm guessing any cars hit by this are just to expensive to repair properly ?
Insurance companies never lose. When there are "acts of God", such as a hail storm, they lean on Re-insurance companies to cover losses. Re-insurance companies are companies that insure the insurance companies against large losses like hail storms, hurricanes, tornadoes, etc.
In terms of the cars, they will try to repair everyone they can. The rest they will sell off at a steep discount after paying the claim to recover as much as they can. Same way they do it after an accident that is declared a total loss, the insurance company will sell a "totaled" car at a salvage auto auction. This is where you will find a flood of salvage title cars on the market after a major storm.
I would never recommend buying a salvage title car because no matter what the cause you are completely at the mercy of the skill of whoever repaired the car for sale. Did they connect the airbags correctly? If they needed to weld, were they skilled enough to do it right?
Many stories out there of cars that were death traps, because they would take a car with a front end collision and a car with a rear end collision and cut them in half and weld them back together, badly.
Appreciate 0
      04-12-2016, 11:52 AM   #25
Bbb34
Major
Canada
731
Rep
1,472
Posts

Drives: '11 535i 6sp. DHP/RWD
Join Date: Jul 2014
Location: ON

iTrader: (0)

Quote:
Originally Posted by PJinCA View Post
Insurance companies never lose.
Thanks, and yeah, agree with you on salvaged cars, and no doubt they never lose. I'm guessing that worst case cost would've been eventually collected through increased premiums for "living in high risk area" or something like that.

Something like this though, would result in huge amount of "totaled" claims at the same time, yikes, owners taking a hit through deductible and lots of work for insurance companies too.
Appreciate 0
      04-12-2016, 11:57 AM   #26
lsturbointeg
Lieutenant General
lsturbointeg's Avatar
United_States
9148
Rep
14,521
Posts

Drives: 2011 535i Jet Black
Join Date: Aug 2014
Location: Asian lost in OH

iTrader: (0)

__________________
~F90Conversion~21"3Piece Forged AvantGardeWheels~KWV1Coilovers~CQUENCE slotted/drilled rotors~GoodridgeStainlesslines~MeisterschaftQuadEx haust~Akrapovic 4"tips~VRSF DP~VRSF CP~TurboSmart BOV~K&N filter~CarbonFiberExteriorComponents~GladenAlphaCo mponents~MatchUp7BMW~Punch P300-12T~
Follow me on Instagram: lsturbointeg
Appreciate 0
      04-12-2016, 12:06 PM   #27
4MULA_1
Private First Class
4MULA_1's Avatar
United_States
120
Rep
145
Posts

Drives: 550i
Join Date: May 2014
Location: TX

iTrader: (1)

Quote:
Originally Posted by Bbb34 View Post
Unreal, just unreal
How do insurance companies handle things like these, I'm guessing any cars hit by this are just to expensive to repair properly ?
Yeah, just like PJinCA explained above this is considered an act of God. The problem is this is the second time this has happened within a couple of weeks.
Insurance was already going to replace my less than two year old roof the previous storm, luckily it wasn't replaced yet so this should only be considered as one claim. Also as you mentioned once there are so many claims in one area they hike up rates on everyone as its considered high risk. Luckily for my car I was on my way home from work and pulled into a mall parking garage and dodged all that hail.
Appreciate 0
      04-12-2016, 11:22 PM   #28
lsturbointeg
Lieutenant General
lsturbointeg's Avatar
United_States
9148
Rep
14,521
Posts

Drives: 2011 535i Jet Black
Join Date: Aug 2014
Location: Asian lost in OH

iTrader: (0)

what's with softball size hail and trees falling on our BMW's??
__________________
~F90Conversion~21"3Piece Forged AvantGardeWheels~KWV1Coilovers~CQUENCE slotted/drilled rotors~GoodridgeStainlesslines~MeisterschaftQuadEx haust~Akrapovic 4"tips~VRSF DP~VRSF CP~TurboSmart BOV~K&N filter~CarbonFiberExteriorComponents~GladenAlphaCo mponents~MatchUp7BMW~Punch P300-12T~
Follow me on Instagram: lsturbointeg
Appreciate 0
      04-16-2016, 12:13 AM   #29
Fro826
Private
Fro826's Avatar
13
Rep
76
Posts

Drives: E92 M3, F83 M4, F85 X5M
Join Date: Feb 2013
Location: CO

iTrader: (1)

4mula - is that a frickin hail-ball, or did you make an iceball?! If that's a piece of hail, then holy shizz when will the frogs start falling from the sky and the waterways turn red! That's hailmageddon!
__________________
E92 M3
F83 M4
F85 X5M
Appreciate 0
      04-17-2016, 11:13 PM   #30
4MULA_1
Private First Class
4MULA_1's Avatar
United_States
120
Rep
145
Posts

Drives: 550i
Join Date: May 2014
Location: TX

iTrader: (1)

Haha, thats a frickin hail-ball man...it was crazy to say the least

Quote:
Originally Posted by Fro826 View Post
4mula - is that a frickin hail-ball, or did you make an iceball?! If that's a piece of hail, then holy shizz when will the frogs start falling from the sky and the waterways turn red! That's hailmageddon!
Appreciate 0
      04-17-2016, 11:59 PM   #31
Herofmine
Captain
Herofmine's Avatar
United_States
410
Rep
814
Posts

Drives: E92M3, F10535i, 15 M5,340i,X5M
Join Date: May 2014
Location: Dallas

iTrader: (3)

Garage List
2015 X5M  [10.00]
Quote:
Originally Posted by 4MULA_1
At least it's not hail this size like what hit parts of Dallas yesterday. You can easily clean snow, but hail like that will destroy your car!
and i was planing to move to Dallas, Texas this year. You scared me! How often do you guys have this hail problems?
Appreciate 0
      04-19-2016, 12:27 AM   #32
ezaircon4jc
Major General
ezaircon4jc's Avatar
United_States
4196
Rep
5,259
Posts

Drives: 2019 540i M Sport
Join Date: Jan 2015
Location: San Diego

iTrader: (0)

Quote:
Originally Posted by Herofmine View Post
and i was planing to move to Dallas, Texas this year. You scared me! How often do you guys have this hail problems?
Go south towards Austin; Fewer tornadoes...

I would like to move to the greater Austin or San Antonio areas but I have to get my wife to think it's her idea!
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:39 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST