Re: Tales of woe... chevys 2 rocco 0.

[Brian McGarvey <brianm@zbt62.eastnet.gatech.edu>]

On Sat, 16 Jun 2001, Mike VanAmburgh wrote:

> They actually do give you fair market value.  Sometimes that may be good
> compared to book value - sometimes not.  It all depends how much they
> sell for in your area.  When my 88 was wrecked March of 2000, I asked
> about how they appraise the value of the car.  The insurance agent
> mentioned they actually hire an outside agency to determine fair market
> value.  They do this by reviewing newspaper ads, AutoTrader ads, etc.
> Make sure you inform the insurance company that you want your
> aftermarket mods to be considered in the appraisal.  Hopefully you have
> receipts.  Do all appraisal negotiations BEFORE letting them know that
> you want to buy the car back (if that's the case).  This will prevent
> them from saying 'well, you are buying the car back, so why do you
> except to be reimbursed for aftermarket parts?'.  As for determining
> salvage value, the insurance company I dealt with just picked up the
> phone as I was sitting there and called a local junkyard to see what
> they would pay for it.  They just deducted that amount ($350) from the
> appraisal and I got my car back and a $2700 check.

Thats cool. I have USAA and that is how I would expect them to deal with
me, but I will be dealing with Allstate. and was wondering how they will
do it. Im not sure exactly how much damage is done. on monday im going
over to a shop that looked at the other recent (p.brake fail incident) and
have him give me an estimate and what he would think of the car after it
was repaired.


 >
> If you have full coverage through your insurance company, it would be a
> good idea to get them involved too.

As soon as I get another rocco. I will be getting full coverage on it. I
only had liability and comp on this one until after I was gonna have it
painted.

 My insurance company (USAA) told me
> they would run the value of the car as well and would pay to me their
> appraisal amount if higher than the at-fault insurance company's quote
> (Allstate).  USAA would then deal with Allstate to get reimbursed.  It
> turned out Allstate hooked me up pretty good, so I didn't have to deal
> with that, but it was nice to have a good backup plan.
>
that is good to hear they are good to deal with. I might just get that
zender Z400 kitted car next ;-)

> Mike
> 82 Wabbit 2.0T
> 88 325is
>
> Brian McGarvey wrote:
>
> > yeah that is the sad part. I'm moving to the city and will not be able to
> > keep it for donation so it will move off to another home.. and
> > suggestions for getting fair mkt value out of it instead of kbb or NADA
> > value ($2500)?
> > brian
> > 87 16v broken, dented, twisted, missing parts, other parts in the trunk,
> > and running nice and cool... finally.
>
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>


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