Wrecked 914 part 2: The insurance offer, Hold your nose |
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Wrecked 914 part 2: The insurance offer, Hold your nose |
Dr Evil |
May 5 2008, 11:34 AM
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#1
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Send me your transmission! Group: Members Posts: 23,002 Joined: 21-November 03 From: Loveland, OH 45140 Member No.: 1,372 Region Association: MidAtlantic Region |
I just got a call from my insurance company. For a 73 914 with an estimated 144,000mi, bucket seats, targa top, power steering, power breaks (IMG:style_emoticons/default/av-943.gif)
$4770 with $500 taken away if I keep it for salvage (IMG:style_emoticons/default/dry.gif) (IMG:style_emoticons/default/WTF.gif) I am not accepting this.....time to check my options. |
rick 918-S |
May 5 2008, 11:52 AM
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#2
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Hey nice rack! -Celette Group: Members Posts: 20,473 Joined: 30-December 02 From: Now in Superior WI Member No.: 43 Region Association: Northstar Region |
For All my friends. This is not professional advice just one friend making a suggestion to another. Never meet with an insurance appraiser without having done your homework first! You do not want to have to enter into a negociation from an offer like this. Nicely ask your appraiser to take a copy of your research. Some will refuse.
EDIT: I will add more info here. I'm working, getting calls and jumping back and forth from my software to the net. First thing: You will aways need to give a statement. Do not volenteer info. Only answer what is asked of you and be brief but factual. Second: only give this to your carrier unless they advise you otherwise. Anyone else contacts you, refer them to your carrier. Next: Be prepared. Next after that, be prepared. Some appraisers will call and advise you they are going out to inspect your car. Most prefer to just inspect it without you there. Don't let this happen! Then: Be prepared! do research before your meeting. Get copies of at least 3 comparable vehicles in writting! Ask the appriaser to take copies with him. Some will not want them, make them take them if you have to sneak them in his car. I don't know how many times I've had someone tell me on the phone; "there's no effin way I'm settling for that! My effin car is worth way more that that" Then when I instruct them on what it will take to change my figures they cant' produce info showing more value. I'm going to let you guys in on something. Most auto appraisers have no clue about cars period! I worked with a whole dept. of college educated pencil pushers that wouldn't know the difference between a Sunbeam Imp, Renault Gordini and a Ford Escort. Can you imagine asking what kind of projects they were working on and having every one of those guys look at me like...Huh? They were trained to write an estimate in a one week class, and rely on data they can get off the internet. Granted, they can't tell if the vehicle they have sourced is actually the same as yours but hey, if it came up on the search we'll go with it! And finally, be prepared! Don't give the appraiser a bullshit letter from some bull shit dealer saying they think your car is worth $XXXXX.XX because they know so much. Get the letter but have them refer to actual cars they have, either the value of these cars or the price they are currently FOR SALE for. BTW: I no longer work as an auto damage appraiser. Auto Damage Appraisers will not intensionally give you a low ball offer. It happens to be against the law. However they will not put a lot of time in doing research if they get a couple quick and dirty hits during a search. These guys are required in many cases to present an offer to settle within 24 hours. That's why I express the importance of doing your own research. |
Lo-Fi Version | Time is now: 2nd June 2024 - 03:54 AM |
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