Insurance value on totaled 99 T/A
07-09-2016, 06:11 PM
#1
On The Tree
Thread Starter
Insurance value on totaled 99 T/A So, NADA lists my car at 6500 for clean retail, and kbb list for about 5100. Mine was still in great condition body wise, seats were mildly worn on driver's bolster, typical dash/door panel stuff. I was rear ended this week, and am unsure what to expect. Total loss. I have the NADA sheet and some local, similar mileage examples in hand should I feel I need it. Most are 6-7K range. I had collision/comprehensive full coverage. For those with experience, how bad should I expect for them to try to screw me?
I do plan on buying the car back regardless since I just had the T56 rebuilt to stage two specs less than 10K miles ago. And will part the rest. Thanks
I do plan on buying the car back regardless since I just had the T56 rebuilt to stage two specs less than 10K miles ago. And will part the rest. Thanks
Last edited by flyboy129; 07-09-2016 at 06:19 PM. Reason: More research
07-10-2016, 10:07 AM
#2
TECH Junkie
Good documentation really helps! You have done your homework with book values and real world values.
My experiences over the years (learned from others with truly decent cars) have taught me to reject the initial offer. Be polite and tell them nicely that the offer is unacceptable and that a review is needed. Most of the time they will bring back a higher offer. If still unacceptable, and you truly are getting screwed, tell them that you will need to consult with the family attorney to get further advice. This would be a bluff on your part but shows seriousness if you remain calm and show no urgency. Insurance companies like to settle and avoid attorneys. That's a well known fact. Best of luck!!
My experiences over the years (learned from others with truly decent cars) have taught me to reject the initial offer. Be polite and tell them nicely that the offer is unacceptable and that a review is needed. Most of the time they will bring back a higher offer. If still unacceptable, and you truly are getting screwed, tell them that you will need to consult with the family attorney to get further advice. This would be a bluff on your part but shows seriousness if you remain calm and show no urgency. Insurance companies like to settle and avoid attorneys. That's a well known fact. Best of luck!!
07-10-2016, 07:33 PM
#3
On The Tree
Thread Starter
Good documentation really helps! You have done your homework with book values and real world values.
My experiences over the years (learned from others with truly decent cars) have taught me to reject the initial offer. Be polite and tell them nicely that the offer is unacceptable and that a review is needed. Most of the time they will bring back a higher offer. If still unacceptable, and you truly are getting screwed, tell them that you will need to consult with the family attorney to get further advice. This would be a bluff on your part but shows seriousness if you remain calm and show no urgency. Insurance companies like to settle and avoid attorneys. That's a well known fact. Best of luck!!
My experiences over the years (learned from others with truly decent cars) have taught me to reject the initial offer. Be polite and tell them nicely that the offer is unacceptable and that a review is needed. Most of the time they will bring back a higher offer. If still unacceptable, and you truly are getting screwed, tell them that you will need to consult with the family attorney to get further advice. This would be a bluff on your part but shows seriousness if you remain calm and show no urgency. Insurance companies like to settle and avoid attorneys. That's a well known fact. Best of luck!!
07-11-2016, 11:21 AM
#4
On The Tree
Thread Starter
Well, I settled today and was shocked. They had my car valued at $7600! The claims officer was also grateful for my dashcam footage since the other company is trying to balk. So, I kept my car to part out and walked away with $5500. Win, win scenario. I am satisfied. 
In other news, I am purchasing 2000 WS6 M6 this weekend with 112K on it and stock everything. Needs a little tlc from teenager neglect after he got it from his grandmother. 
In other news, I am purchasing 2000 WS6 M6 this weekend with 112K on it and stock everything. Needs a little tlc from teenager neglect after he got it from his grandmother. 
07-12-2016, 12:53 AM
#6
On The Tree
Thread Starter
My wife and I both have the Cobra CDR840 https://www.cobra.com/products/dash-cams/cdr-840 You can get them at electronics express (sometimes on sale at around $120)
07-12-2016, 10:40 AM
#7
On The Tree
Thread Starter
Car was delivered to the house today. I got the driver's door open, beat the quarter back so it will close easily, pulled any fuse that related to rear/marker lighting, charged the battery, and she fired right up. I knew she would. Shifted through the gears fine and turned it around so the damage isn't visible from the road. So, everything looks and feels good so far. I live in a rural area, so may pull the rear bumper off, make a little more clearance around the exhaust outlets, and slowly take it for a short drive and verify the trans a bit better soon.