Post by: cavemann on December 02, 2021, 09:28:04 AM
Anyone go through this?? Again, I'm getting in front of it anticipating a mess.
Post by: blackpowderhunter on December 02, 2021, 09:36:49 AM
Have any photos of the condition? Honestly with the way used car market is now, providing other craigslist type adds will/could help you.
KBB is low compared to current market, so hopefully it works out. I once had a car that was totaled, it was "worth" far more than KBB due to the nature of being rare, and in exceptional condition. I had photos and provided adds within a 500 mile radius to the insurance adjuster and got a fair value, well above KBB
Post by: cavemann on December 02, 2021, 09:44:36 AM
Just didn't know if there were any secrets of the trade from insurance guys or car guys on this.. Or anyone who just went through it.
Post by: Stein on December 02, 2021, 10:05:52 AM
Post by: rainshadow1 on December 02, 2021, 10:56:55 AM
Yeah, start pulling and printing adds that are as close as possible to her vehicle. Be prepared for a lower offer and all the arguments why. Good luck, the reality is the person you will be talking to makes a living keeping the payments as low as possible.
:yeah:
You'll need to familiarize yourself with the market... not the book. If the number is significantly askew, then go back at them with the known listings on the market at this moment. Thet's where you'll be trying to replace it, not out of a book.
I've had a couple totals (bought them both back and rebuilt them) and I was happy with the numbers, but that wasn't in this carzy used car maket like we have now.
Post by: jamesfromseattle on December 02, 2021, 11:07:02 AM
Comments above are correct. They need to pay you for the amount it would cost to buy the same vehicle again--with all the add ons and whatnot. Not the book value, but the actual cost of putting the car in your driveway.
If they lowball you, ask them to show you where to buy a similar vehicle for the same price. And by that I mean tell them to hand you an actual listing.
I do this sort of thing for a living, so feel free to shoot me a PM if you have any questions. Usually resolving property damage claims is easy so I'd be happy to talk you through it free of charge.
Post by: Badhabit on December 02, 2021, 12:06:56 PM
Post by: cavemann on December 02, 2021, 07:41:09 PM
I hope your kid is ok.
Comments above are correct. They need to pay you for the amount it would cost to buy the same vehicle again--with all the add ons and whatnot. Not the book value, but the actual cost of putting the car in your driveway.
If they lowball you, ask them to show you where to buy a similar vehicle for the same price. And by that I mean tell them to hand you an actual listing.
I do this sort of thing for a living, so feel free to shoot me a PM if you have any questions. Usually resolving property damage claims is easy so I'd be happy to talk you through it free of charge.
Thanks, I just might take you up on that via PM...
@badhabit thanks for the detail as well..
Post by: jackelope on December 02, 2021, 07:53:50 PM
Post by: LDennis24 on December 02, 2021, 08:01:25 PM
When my truck was totalled several years ago, they lowballed me hard. Their comp’s weren’t even the same truck. I had a 3/4 ton Chevy diesel truck and they were throwing half ton gas trucks at me. I went and found Craigslist and dealer vehicles for sale that were the same as mine. A bunch of them. 10-12 of them. I didn’t back down. I got my money.
:yeah:
This is what you want to do. Fair market value for replacement in your area.
Post by: Badhabit on December 02, 2021, 08:28:33 PM
Post by: cavemann on December 02, 2021, 10:04:56 PM
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Post by: jackelope on December 02, 2021, 10:13:44 PM
Thanks for the shared experiences.. it's all a huge help. Badhabit, what is ACV
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Actual cash value