Five Days After Buying My Dream C8 Corvette, It Was Hit While Parked, Insurance Wants To Use Junkyard Parts

I drive an Alfa Romeo and just had someone hit me last week. I'm fortunate my policy was written so that replacement is with OEM parts. I also have something called RRC Repair Replacement coverage. Within the first 5 years if my car is totaled my insurance company buys me the current year model of car with the same specs as mine. I didn't have to leverage that fortunately but with $14K in damages it was close.

I also plan to file a depreciated value claim once everything is settled.

Know your policies and find one that fits your expectations.

Sorry to hear what happened. So...the only way NOT to get screwed from an insurance company is...lease. Though not you vehicle nor is it your problem when this happens...it's the banks. And you won't take a hit in value nor care when they want to put junk parts on it. When it's "fixed" and your lease is up...you go lease a nice new one. And pay close attention to the adjusters estate especially if they wish to total the vehicle IF you own the vehicle. I have seen it first hand. A friend of mine has a vehicle he specifically ordered and got into an accident a month later. His insurance company wanted to total it, but when reviewing the estimate the adjuster added $20k in options that the vehicle didn't have installed nor parts that were not needed for the repairs. They inflate estimates to benefit them. He fought with them and pointed out their "mistake" and the insurance company withdrew the original estimate and repaired the vehicle.

I'm sorry, but this sounds like much ado about nothing. You are complaining about "junk yard parts", but the parts are from another C8, so they are "OEM Junkyard Parts"! As long as they were cleaned up and painted correctly, I don't see why this should be an issue...

Don't get mad at the insurance company, get mad at your agent since he did not disclose that if the vehicle were damaged, your policy reads that they have the right to fix it with new OEM, aftermarket parts or LKQ ( like, kind and quality). Read your policy...

You can still put new, OEM parts on your vehicle, however the insurance company will pay only as much as the used part’s (if it is available used) list price. Choosing to use a new part would mean that the difference in price comes out of your pocket. That also means that you can source the part yourself (online dealer vs local dealers, etc.) you can also have your service advisor try to source the parts for you. A few things to consider, bear in mind that the shop or body shop is a for profit business, meaning that there is a mark up on parts, for which they provide a warranty. If you provide the parts, the shop gets no markup, and any parts warranty issues will be up to you to sort out with the supplier that you got them from, and the shop will likely charge to remove the faulty parts and and install the replacement parts (only parts that you supplied), afterwards you can likely make a labor claim to the parts supplier to reimburse you for having to pay to replace their defective part. Another option you could consider would be to supply the part (if you found one exceptionally less expensive),and then let the Shop put their standard markup on it, turn the receipt over to them, with the expectation (discuss that with them first, obviously) that if a warranty issue arises, they will take care of it for you, in exchange for receiving the ordinary markup that would’ve been charged had they supplied the part. Again, the best Way to handle that type of situation is to talk to them first and make sure they are open to some sort of deal like that, also make sure that you can do that on one part, a few, or even all parts, be decent and kind when broaching such an idea, because essentially, you are trying to potentially cut in to, and shrink their profits, and I’m sure that they have some Kids somewhere that need feeding. It’s obviously not ideal and I’m sure it wouldn’t be your first choice, but you may be able to find a ( not happy, but,) at least slightly happier, medium. Try to remember that, although this less than stellar situation Is not what you wanted or expected, the Claims adjusters, service writers, technicians, or insurance company representatives, etc, are not the devil, even if they are the ones telling you things that you do not want to hear, they are just people, going to work and doing the things that they have to do to survive. Most of those people can understand, and do sympathize with your situation, but there’s only so much they can do and expect to keep their jobs. The sad truths are that, most corporations value profits over people, and people in general seem to suck, more than ever now, which seems to make hit and run accidents more prevalent now, than any time in the past. Because of this sad fact, I myself have chased down three separate hit and run drivers, got their license plate numbers, flipped them off, while imparting a few choice words of wisdom out the window and then called the information in to the Highway Patrol or local Police. Just be careful if you try to chase a hit-and-run driver, because they have obviously no problem at all with breaking the law, and you never know what they’re capable of. Don’t feel too bad about the situation. Most people, myself included, have to learn things about auto insurance the hard way, and you could consider yourself successful if you’ve made it this far without having learned the hard lessons you got out of this situation. Just don’t forget them. I hope it works out in your favor!

From looking at the photo's those weren't parking spaces?? If you parked there to keep a eye out for your new car , it didn't work. Advice is to take your nice 4 door sedan out for dinner. Just asking for trouble. I don't take my Hellcat out for fine dinning.

Dude. Reality check. It got hit or whatever. Get over it. It's not special so stop whining. Smh

So this car was paid in full, and you parked it on the street? That probably wasn't the wisest thing to do. Too much of a temptation for someone less fortunate.

What did you expect from Geico??

There ARE policies out there that take into account the value of certain cars. I have no idea if covering a new corvette is one of them but my 69 camaro has its own separate policy from my other vehicles that takes into account it's age and vintage, performance, and investment value and your policy can reflect if you choose to the appreciated value each year.

Plenty of Corvette’s in the junk yard so finding the parts will be easy… Chevy calls it a Super Car only because it’s Super easy to glue the parts back on.

I'm struggling to find two shits to give for someone who can afford a C8 Corvette and I'm coming up empty.

If the owner of this C8 Corvette didn’t blast the insurance company for wanting to use factory OEM parts from a wrecking yard he could have saved his vehicle from the accident hit that sticks to the vehicle
and VIN number. But it’s all about that fine print details that only a handful of people will ever actually read it. A lot of times there’s no parts to be able to purchase because they are allocated to a vehicle on the assembly line. I have had to tell my customers that same thing before and happened to a vehicle I had when it was less than 6 months since they were on the floor to buy.

Simple. NEVER BUY INSURANCE! Insurance is nothing but a ponzi scheme anyway. With the money you save on premiums invested in something to MAKE MONEY in, you can get a replacement or a repair done YOUR WAY! Insurance only makes things impossible to do by raising the prices of everything!

Ok. So what people are failing to understand is that recycled parts from a salvage yard are OEM parts. The quality is the same as the parts that were damaged. Over 90% of vehicles are repaired with junk yard parts. Quality is good. Its the aftermarket parts that you should stay away from. Poor, cheap quality. Even frames come OEM quality from the Salvage yards

This is why, when you see ads for "cheap insurance", you need to read the fine print. At least, here in CA where I live, I was told that ONLY 2 companies go for OEM parts from the start - state farm and AAA. That came from several body shop owners. So go cheap and you get what you get. I rather spend a little more to make sure my cars and bikes are fixed correctly, as the OEM intended