by gretchenbrant » Thu Aug 14, 2008 01:17 am
My daughter was T-boned by a driver and her 2002 Honda Civic LX was totaled. It had about 50,000 miles on it.
My mom bought the car new and had leather seats installed after market. She gave it to my daughter who added a 1 disc cd player and tinted windows. About a year ago the same car received hail damage. The insurance adjuster gave her an on-the-spot estimate and she received a check for something between $3500.00-$4000.00 dollars. She decided not to fix the damage.
It has been difficult to find the ACV from NADA and autotrader/carsoup.com because of the after market improvements and low miles. NADA retail for 02 Civic LX automatic without leather and tinted windows is $8750.00. The cars on autotrader and car soup average about 12,000.00 (without leather or tinted windows).
The insurance adjuster offer is 9,455.00. With taxes, title, etc. the total offer is $9670.00. They started at 10,205.00 and subtracted $750.00 for hail damage--which he said was a "big mistake" one of the claim people made, but he was going to stand behind it. When I suggested he start at 12,000.00 and then subtract $750.00 for hail--to which he said he'd then change the hail deduction to $5,000.00--the "real" cost of the hail damage.
How do we know what is the acceptable amount to subtract for hail damage? With respect to my car, what is acv with the after market additions and low mileage?
Is 9455.00 a fair settlement?
Thanks!
G
My mom bought the car new and had leather seats installed after market. She gave it to my daughter who added a 1 disc cd player and tinted windows. About a year ago the same car received hail damage. The insurance adjuster gave her an on-the-spot estimate and she received a check for something between $3500.00-$4000.00 dollars. She decided not to fix the damage.
It has been difficult to find the ACV from NADA and autotrader/carsoup.com because of the after market improvements and low miles. NADA retail for 02 Civic LX automatic without leather and tinted windows is $8750.00. The cars on autotrader and car soup average about 12,000.00 (without leather or tinted windows).
The insurance adjuster offer is 9,455.00. With taxes, title, etc. the total offer is $9670.00. They started at 10,205.00 and subtracted $750.00 for hail damage--which he said was a "big mistake" one of the claim people made, but he was going to stand behind it. When I suggested he start at 12,000.00 and then subtract $750.00 for hail--to which he said he'd then change the hail deduction to $5,000.00--the "real" cost of the hail damage.
How do we know what is the acceptable amount to subtract for hail damage? With respect to my car, what is acv with the after market additions and low mileage?
Is 9455.00 a fair settlement?
Thanks!
G
Posted: Fri Aug 15, 2008 06:43 pm Post Subject:
then on the ones that get older the rep has the ability to adjust the ped percentage
I gave that some thought and I would tend to agree and say that it seems the most fair way to address the prior damage.Posted: Fri Jun 03, 2011 01:13 pm Post Subject: ujZtpxcNeyWV
Market value.. Great idea :)
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