fighting allstate over cars value, help me keep my car |
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fighting allstate over cars value, help me keep my car |
bradtho |
Sep 14 2017, 09:28 PM
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#1
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Member Group: Members Posts: 266 Joined: 22-December 09 From: Seattle, WA Member No.: 11,165 Region Association: None |
I got hit recently. the other drivers insurance has accepted full liability (yay!) but now they are trying to declare my car a total loss.
the good news: - they aren't arguing condition, they are categorizing it excellent - we're in the ballpark, they are valuing it at about the amount of the repair estimate, $22k the bad news: - they still want to total it I don't want to allow it to be totaled because if I buy it back and repair it and am hit again I figure it really hurts my value for the next claim (which hopefully never happens, but...). I can find plenty of threads on choosing an insurance provider, but didn't find much on arguing value. So - any tips/help with establishing value for cars that are in excellent shape? - any tips/help for strategy on fighting (and winning) with one of the major insurance providers? I'm looking to collect comps in the $28k+ range (since that's what I need to avoid the total declaration). And yes, I've got the recent $93k car from monterery! I'm also looking into lawyer options, figuring that can't hurt. Not sure how to go about finding a good lawyer to help with an unusual car value. any help appreciated. |
mlindner |
Sep 15 2017, 09:06 AM
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#2
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Senior Member Group: Members Posts: 1,526 Joined: 11-November 11 From: Merrimac, WI Member No.: 13,770 Region Association: Upper MidWest |
Bradtho, I not an expert, but.......there's a statement in all insurance policies that says (THEY HAVE TO MAKE YOU WHOLE), which means what is the real replacement value.......If you tried to buy (replace) your 914 with nothing less than you have...what is that price. Is it 22k or29k. If it is 29k then your good.
I used this over the last 30 years with two small accidents I had...first one was with a Saab (it was totaled) Insurance was only willing to pay $4,500 when it was worth $6,500. To prove this to the insurance company I did all the leg work to find a replacement Saab, same year and miles. Guess what, the price to $6,800. They sent a check for 6,800. The second was last year. My 2000 VW TDI with 400,000 miles was totaled. Insurance again said it was worth 2,000. Yup, high miles but well maintained with new injectors, timing belt, new trans., etc. Showed them replacement cost would be 5,000. I agreed on 4,500 and also removed the new transmission. So, go find a car as nice as yours and use that for leaverage. Best, Mark |
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