First the one thing insurance companies like almost as much as collecting premiums is to deny or shave claims. If the driver that they insured took it out while drunk they need to make it right with you. Yes they're trying to low-ball you, that's the way the game works, if 2% accept the low-ball claim they just saved money. Snakes bite and insurance companies shave claims, if you handle snakes expect to get bitten a time or two, if you're dealing with an insurance company expect to play the game or not get what you deserve.
Value, most obvious question to ask are you involved in any kind of farming? If so what is you book value of this asset? Remember if you collect more than it's on your books for you might have to pay capital gains tax on money above book value. How does your state do property taxes, is the bin a listed item on your property taxes, if so for how much?
Is the bin insured under your property insurance? If the drunk's insurance company doesn't want to get right with you in it turn it in to YOUR insurance company. They might actually treat you decent on this, as they know they'll recover all expenses from the drunk's company (only glitch might be if you both have the same company). I've found insurance companies that are normally PITA to deal with get polite and courteous when adjusting a claim some one else is paying for. I think they figure they'll treat you nice on a competitor's dime to make brownie points with you that they'll call in when they have to pay a claim to you on their money.
In many states the drunk will need to get a release from the owner of any property damaged in the accident as part of his plea agreement or sentence. You signature becomes a "No Tickey no shirt" type situation for him. If he hasn't had previous DWIs he might need the release to stay out of jail, get into a program or keep/get an occupational license. In some states (like Wisconsin)the state or District Attorney will send you a release to sign.
Negotiation tactics- tell the it's one your farm books for what you want for it. (yes I know that's lying, but it's to an insurance adjuster so it doesn't count) Do you have a mortgage on the property? Explain to them the bin had a lien on it (mortgage) and you'll need XXX to pay on the loan to remove the bin from the mortgage documents. Heck I'm guessing if it had a slab under it it'll cost you more than $500 to get the slab ripped up, carted away and landscaping restored. Mention that if you'd really like the bin to go away. If you're okay with the bin gone price the removal and site restoration, also price repair with a used or new parts, and replacing the bin with a new or used bin, get everything including transport, site work (removing old bin to install replacement bin) assembly and dis-assembly (for a used one) and if it has a fan, lights or an outlet on it, price the electrical work to restore what you had before it got wrecked.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
