finally heard from the insurance company...

[PUREKDM]

i JUST heard from the insurance company 5 minutes ago and they said $11,000 is what they "want" to give me....because compairable cars in the area go for that price...i told them to give me the list of those compairable cars and i'll pick one out, then they should right that guy the check (knowing that there is no way you can get a z for $11,000) and they said they don't buy/sell cars...SO i told them i'm not taking a penny under 15,000 and now i gotta do some homework...if anyone reading this could post up any adds for 03-04 track ed. z's or any edition really...with higher millage just post em in here so i can print out like +40 adds and be like...NO WHERE can you find a z for that price let alone in "my area" or what ever that means...do i need to consult a lawyer on this one or just wait it out???

[speedooo]

threaten them w/ a lawyer, that will get their attention

[CHAOS]

gap insurance ftw.

[420sx]

11 is BS, but i doubt youll see 15. It did have 114k on it, after all.

Id shoot for 12,5. Insurance companies never give you what its worth.

[PUREKDM]

Originally Posted by Sirfallsalot243

11 is BS, but i doubt youll see 15. It did have 114k on it, after all.

Id shoot for 12,5. Insurance companies never give you what its worth.

according to them the car had 90xxx on it...digital odometer...ecu was completely shorted out...but still i can't find another track z for under 14 ANYWHERE

[Ender81]

Did you have Gap insurance?

[Jeffros Spec V]

Originally Posted by speedooo

threaten them w/ a lawyer, that will get their attention

WRONG, you couldn't be more wrong. Not only will a lawyer take a portion of what is finally collected they usually settle for less than what the car is worth.. I love hearing from lawyers, they are 100% more reasonable than a angry claimant.




Depending on what insurance company you're with they can determine the total loss figure from a few different sources.

IN PA the total loss valuation has to be the average of two values from two sources approved by the Insurance Commissioner. Usually these sources are 1. Book value - NADA and 2. Fair Market Value, ADP, CCC, Mitchell.

Insurance companies use programs like ADP, CCC and Mitchell and input all the vehicle information as well as the owner information. Based on zip codes the programs search thousands of classified and dealer adds and compares your vehicle to it. Once it has that figure it compares it with the NADA value and gives you the average.

I can run my ADP total loss for you for $40 and tell you what it comes out too.


BTW, I do this all day everyday for an insurance company!

[Jeffros Spec V]

Also let me know if you want to know the estimated salvage value for the buy back.

[PUREKDM]

how bout you give me a tst discount and ill put stickers with your name or what ever all over my new z???

[Jeffros Spec V]

NADA came up 15,000-18000 without anything deducted for condition (tires, glass, interior, exterior etc....)

[PUREKDM]

i think i may need to call you...i think you know a thing or two more then me on this topic...

but to ask you everything simply, how do i get more money from them?

[Scapegoat]

my step-dad is a lawyer and wrote to the insurance company on his own letter head about the value of an 86 celica that was in fantastic condition before it was rear ended.

the insurance company told him they'd only pay 1k for the car. He got them to pay 2.4k, bought the car back and fixed it.

But if jeffros does this type of stuff for a living, get his help for sure. $40 is worth an extra 4k

[PUREKDM]

Originally Posted by Jeffros Spec V

I can run my ADP total loss for you for $40 and tell you what it comes out too.

soooo...if you give me this value...what do i do then, like can i present it straight to them as a valid number and say give me this? and does the fact that it is a track edition and i can't find any track editions for under 15,000 mean anything?? like can i say "cool thats the value for a base model but i had the track edition, try finding me one of them"

[Scapegoat]

Originally Posted by PUREKDM

soooo...if you give me this value...what do i do then, like can i present it straight to them as a valid number and say give me this? and does the fact that it is a track edition and i can't find any track editions for under 15,000 mean anything?? like can i say "cool thats the value for a base model but i had the track edition, try finding me one of them"

hmm, I could only imagine the fight I'd have with an insurance company over my SRT-4 if it was ever totaled...

[93EGY8]

insurance companies suck

[omgjacki]

Wow, you've got a pretty nice argument on your hands. Insurance companies are a joke. Good luck with it, though.

[Jeffros Spec V]

A major problem with these estimating systems is...especialy for the 350z there are about 20 different trims with the price between them ranging to like 15K. If the appraiser selected a base model he'd probably get that lowball figure.


If I run this report for you it'll show you a list of the vehicle is found just like your insurance company and give you a real total loss figure ( as I won't try and **** you.)

EDIT: And the $40 is to cover the cost it costs me to run a valuation.

[Keeper1343]

damn dude... 2 years ago i totalled my TL. It was a 99, that would make it 7 years old. I got 12K from them. SO i would say tell them to **** off

[PUREKDM]

best $40 i ever spent...

[97TurboDSM]

so did you get what you wanted?