|
Re: Wife's car totaled - help me understand the insurance offer
[Re: not_a_charger]
#2739539
02/04/20 08:51 AM
02/04/20 08:51 AM
|
RWG75
Unregistered
|
RWG75
Unregistered
|
I think the subject of getting a reasonable settlement from the insurance company has been covered pretty well already. I'll just say good luck having that argument because they're in the business of giving you as little money as possible. We all see a lot of stuff on craigs or other places that is clearly over priced. If I was an insurance company I wouldn't use those ads (that you find) as a reason to part with my hard stolen money. As in: what leverage do you really have to make them want to pay more?
As for plan B, keep it and part it out: My first question is how much market could there really be for 01 Park Ave parts? I have absolutely no clue but I don't see it as being a quick or easy process to get your money back. See also: potential crap from the local authorities about the wreck in your driveway.
|
|
|
Re: Wife's car totaled - help me understand the insurance offer
[Re: superbee69]
#2739700
02/04/20 04:11 PM
02/04/20 04:11 PM
|
Joined: Jan 2003
Posts: 25,955 United Socialist States of Ame...
tboomer
Too Many Posts
|
Too Many Posts
Joined: Jan 2003
Posts: 25,955
United Socialist States of Ame...
|
Most insurance companies will try to screw a person over. We have Nationwide and are for the most part happy with them. We did have one major claim but they did lowball us on my wife's car that was totaled due to an engine fire. We also kept very good records on every cent we ever spent on that car including complete maintenance records. The insurance industry is huge and they are going to make a profit. That is why there are in business.
Need your rear end checked out? Contact Grizzly!!
|
|
|
Re: Wife's car totaled - help me understand the insurance offer
[Re: not_a_charger]
#2739703
02/04/20 04:17 PM
02/04/20 04:17 PM
|
Joined: Jan 2003
Posts: 9,125 Tucson, AZ
Ramrod39
OP
My New Title
|
OP
My New Title
Joined: Jan 2003
Posts: 9,125
Tucson, AZ
|
[quote] As I posted earlier, I would ask them for the documentation they used to determine the value of the car, and the value of the salvage. That gives you more info that you can use to negotiate a higher settlement. Did that this afternoon. No response yet. I'm in no rush. If they want to play games I can bide my time as well.
|
|
|
Re: Wife's car totaled - help me understand the insurance offer
[Re: Ramrod39]
#2739799
02/04/20 10:15 PM
02/04/20 10:15 PM
|
Joined: Jan 2003
Posts: 4,153 Canada -- Posts: 4034 -Registe...
5thAve
Doesn't care what this says anyway
|
Doesn't care what this says anyway
Joined: Jan 2003
Posts: 4,153
Canada -- Posts: 4034 -Registe...
|
I've looked around a little bit. Valuation tools on KBB and NADA are $2700 and $3350 respectively, assuming "very good" condition, which I think this car qualifies for. I've found similar Buicks in Tucson and Phoenix (100 miles away) on Craigslist offered for similar prices.
The $2042 offer is low in my opinion. I'm prepared to take a total loss settlement but I think they are low balling me. For what it is worth, I put $572 in the car 10 days ago for an oil pan gasket, tune, and window regulator work.
I don't think I'm going to accept this offer, not sure what will happen. I have their rental until Feb 14. Part of me thinks I should file a civil suit against their insured and let the insured raise hell with them. They probably won't take those valuation tools into account. E-mail them the ads you found and they should look at those. They usually take a percentage off for asking vs selling price and give you something a bit higher then their offer. They won't give you anything extra for the recent service. If anything they might have deducted a bit if you still had those problems and they noticed. I had new tires on my truck when it was totalled, they were several months old but a week before one was replaced and I had paper work that said they were still all at brand new tread levels. They didn't care.
|
|
|
Re: Wife's car totaled - help me understand the insurance offer
[Re: not_a_charger]
#2739803
02/04/20 10:28 PM
02/04/20 10:28 PM
|
Joined: Jan 2003
Posts: 4,153 Canada -- Posts: 4034 -Registe...
5thAve
Doesn't care what this says anyway
|
Doesn't care what this says anyway
Joined: Jan 2003
Posts: 4,153
Canada -- Posts: 4034 -Registe...
|
Personally I'd like to see an insurance company offer agreed value coverage for a daily driver...it might be worth a few extra bucks a month knowing that if something does happen your not going to get hosed... Some companies kinda sorta have that in the form of "new car replacement" coverage, but the scope and availability of that coverage is limited. Your idea is an interesting one. My educated guess is that the primary deterrent to doing so is that it's not in the wheelhouse of most companies' underwriting process. That's not to say that it couldn't get there, though. Im just wondering how agreed value on a daily driver would work. You'd think it would need to be old enough to actually be worth something to begin with and not in the rust belt area. It's one thing on a classic car but on a daily driver you'd think the premiums would be so high or enough conditions that it wouldn't be worth it. How you do you put an agreed upon value on a car that's constantly being driven with high chance of that value depreciating?
|
|
|
Re: Wife's car totaled - help me understand the insurance offer
[Re: 5thAve]
#2739846
02/05/20 06:17 AM
02/05/20 06:17 AM
|
Joined: Dec 2007
Posts: 19,953 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
|
Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 19,953
Puttin' on the foil in Charles...
|
Personally I'd like to see an insurance company offer agreed value coverage for a daily driver...it might be worth a few extra bucks a month knowing that if something does happen your not going to get hosed... Some companies kinda sorta have that in the form of "new car replacement" coverage, but the scope and availability of that coverage is limited. Your idea is an interesting one. My educated guess is that the primary deterrent to doing so is that it's not in the wheelhouse of most companies' underwriting process. That's not to say that it couldn't get there, though. Im just wondering how agreed value on a daily driver would work. You'd think it would need to be old enough to actually be worth something to begin with and not in the rust belt area. It's one thing on a classic car but on a daily driver you'd think the premiums would be so high or enough conditions that it wouldn't be worth it. How you do you put an agreed upon value on a car that's constantly being driven with high chance of that value depreciating? That's exactly what I'm referring to with regard to the underwriting complications.
Earning every penny of that moderator paycheck.
DBAP
|
|
|
|
|
|