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Step Number One: Take it to their body shop, or ask Posted by Bill Homer [Email]  (#3427) [Profile/Gallery]
(more from Bill Homer) on Thu, 16 Dec 2004 08:39:58
In Reply to: Re: Persist on insurance, think about ways of parting., Yaofeng, Wed, 15 Dec 2004 23:53:04 Members do not see ads below this line. - Help Keep This Site Online - Signup |
them send an adjuster out to where it is parked. They will not do anything until they have an authorized agent (their approved shop or their adjuster) take a look at the car to verify your story - there is A LOT of insurance fraud, they have to protect themselves.
The amount that they will pay you will then depend on the damage they see, and if "totalled" the overall condition of the car. Their settlement offer is supposed to reflect what it would cost you to replace your damaged car with a similar car, i.e. restore you to the condition you were in before the collision. When the adjuster came to look at my car, which was undriveable at the time, I talked up the work that I had put into the car and he could see that it was in outstanding condition; this was evident in the eventual settlement check. Be sure to point out that you have a newer engine, etc., as a 175K mile car is not worth much on the open market.
If they make an aceptable offer, great, take it and be done. If not, and this is most likely, you then have to get ready to do some haggling over their lowball offer. If you want more, you will have to be patient, and they will count on your short fuse to help their negotiation. Be prepared to get shuffled around to different agents, be put on "hold" often, anything to tick you off, make you anxious. When negotiating, be sure to demand a retail vs. wholesale price, title/transfer fees (state and local), sales tax - you will have to pay all of these fees on a replacement vehicle, should be the other party's responsibility to cover them. In my case, the other insurance company would not agree to these fees even though they are required by law in Illinois - they even sent me a legal disclosure specifically stating this!
Don't start any repairs until you know what the story will be.
posted by 136.182.2...
, Thu, 16 Dec 2004 08:39:58 <-- Viewing This Message
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