by typerguy » Wed Nov 09, 2011 02:10 am
Hi Everyone. I need some help/suggestions.
Long story short about a month ago, my 1998 Acura Integra Type R got stolen. I just received a call from State Farm offering $6k for my loss. Since the model for my car is so rare, few are being sold and its hard to determine true market value for this car. Searching on autotrader only yields 3 vehicles from private sellers ranging from 14k to 20k. How do I convince my insurance to re-evaluate my car, because using book value in this case is not even remotely close to the fair market value.
Thanks
Long story short about a month ago, my 1998 Acura Integra Type R got stolen. I just received a call from State Farm offering $6k for my loss. Since the model for my car is so rare, few are being sold and its hard to determine true market value for this car. Searching on autotrader only yields 3 vehicles from private sellers ranging from 14k to 20k. How do I convince my insurance to re-evaluate my car, because using book value in this case is not even remotely close to the fair market value.
Thanks
Posted: Wed Nov 09, 2011 05:22 am Post Subject:
Get estimates from car dealers about the particular make and model, and express your views to the adjuster. You will not be able to get the true market value for the car, and its not even an antique model. But you can negotiate for a higher bid.
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