Originally Posted by Hoegenauer (Post 8587971)

Settlement was $25K (the limits of my coverage)
Less roughly $1000 for all towing (3 times) plus storage fees
Less $250 deductible
Less $2750 for retained salvage (this was the only break I had in the process)

Final check amount $21K plus retainage of the car. Aside from the towing and storage, this is the best case scenario I could have with my policy limits. Of course I could have elected a check for $23,750 and surrendered the car. This is a far cry from the initial offer of $14,003.00 + tax ($14,911.19).

I suppose I could go after additional from the driver but I think the risk/reward evaluation is unfavorable for a return. If he was illegal, uninsured, and ran from the scene - I think my odds of collecting on a judgment would be slim.

I will likely be closer to whole if I part the car. It is safely in my barn as of today.

My biggest regret (other than the accident itself) was not having higher coverage limits. I would not have sold the car for $23,750 but given the circumstances I think it is the best I could have negotiated.