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YMMV.... Posted by Larry West [Email] (#1140) [Profile/Gallery] (more from Larry West) on Fri, 11 Jun 2010 13:14:29 In Reply to: NEVER take insurance co.'s initial offer, westernny, Fri, 11 Jun 2010 07:34:36 Members do not see ads below this line. - Help Keep This Site Online - Signup |
But I consider that both claims I've made have been settled in a very fair manner. Fighting over a couple hundred bucks isn't worth my time, nor the potential for future problems with the insurors.
In the case of my 2002, there was a larger discrepancy with the initial offer, but once I pointed out to them the car was an Arc, not a Linear, the offer came back in line with values appropriate.
With the 99, it was high miles, and wasn't perfect, so there was no point in going farther.
Many/most of us dote on our cars, and they're worth far more to us than the price any "book" puts on them. But the simple fact is, if the offer is in line with the "books", it's a realistic offer, made in good faith, based on normal industry practice. Mistakes can be made, but they usually will get corrected, or you can appeal any decision made.
In the case of my 99, looking at book values from NADA, Kelly & Edmund's, the retail sale values spanned over $1,000 for the same car, with the same miles. NADA was the highest at $3,900, Kelly the lowest at $ 3,060, and Edmunds in the middle at $3,537. I was offered $3,550, which I accepted, since it is a very fair price.
One can't expect to always get top dollar for one's car. But if one desires to, and has the information to back it up, better to be calm and collected when dealing with the insurance company. That'll pay dividends.
_______________________________________ Current: 2002 9-5 Aero Kombi Cosmic Blue 2000 9-5 SE sedan, Imola Red 1990 900S Rose Quartz, Auto Past: 1999 9-5 LPT Combi 1999 9-5 LPT sedan 2002 9-5 Arc 1990 900 5-speed 1986 900 turbo Convertible 1991 9000 turbo 1980 99 GLi 1986 900 turbo 1986 900 S 1991 900 turbo 1984 900 turbo 1976 99 GL
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