by Guest » Fri Dec 19, 2008 12:25 pm
Had a collectable 2002 sports car in excellent condition with less than 17,000 miles, NADA shows high retail at 27,200, low retail at 16,100 on their web site with the following note:
“Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".
Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.
Note: This value does not represent a "parts car".
Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".
High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *. . Car was in excellent condition.
While I know it would cost me close to the high retail value to replace it with one that was accident free, and with $8,000 of property damage, the frame having been bent in the accident, I would be lucky to get the $16,000, I am really out $10,000.
Can't even find a property damage lawyer in my state.
To add insult to injury the adjuster is replacing it with some used parts, just filing the spoiler that had a small chunk taken out of it with filler and then noted on their estimate phantom prior damage and deducting $130 for BETTERMENT!!!!!!!!!!
To make matters worse the guy who hit me and I both are insured with GEICO.
I could just puke!!!!
Insurance is just a big scam, lie to your face, jerk you around and bend you over. This is wrong. I was hit from behind, the loss I suffered is real, looks like I have to fight tooth and nail, pay for an independent appraisal go through a lot of aggravation just for the hope of recovering half of my real loss.
How twisted is that?!?
Too late I discovered GEICO is rank 23rd of the 50 worst insurers:
badfaithinsurance dot org / indexdetaillist DOT html
If you have a car that isn't a POS avoid the guys on the worst 50 insures and go with the guys on the top 50 list.
“Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".
Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.
Note: This value does not represent a "parts car".
Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".
High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *. . Car was in excellent condition.
While I know it would cost me close to the high retail value to replace it with one that was accident free, and with $8,000 of property damage, the frame having been bent in the accident, I would be lucky to get the $16,000, I am really out $10,000.
Can't even find a property damage lawyer in my state.
To add insult to injury the adjuster is replacing it with some used parts, just filing the spoiler that had a small chunk taken out of it with filler and then noted on their estimate phantom prior damage and deducting $130 for BETTERMENT!!!!!!!!!!
To make matters worse the guy who hit me and I both are insured with GEICO.
I could just puke!!!!
Insurance is just a big scam, lie to your face, jerk you around and bend you over. This is wrong. I was hit from behind, the loss I suffered is real, looks like I have to fight tooth and nail, pay for an independent appraisal go through a lot of aggravation just for the hope of recovering half of my real loss.
How twisted is that?!?
Too late I discovered GEICO is rank 23rd of the 50 worst insurers:
badfaithinsurance dot org / indexdetaillist DOT html
If you have a car that isn't a POS avoid the guys on the worst 50 insures and go with the guys on the top 50 list.
Posted: Sun Dec 21, 2008 02:15 pm Post Subject: insurance
You mean 'looking OUTSIDE the box'..kind of thing. Yep...it would have cost ALOT more to fix the frame, than the car was worth. That's for sure. I 'get it'. Thanks.
Posted: Tue Dec 23, 2008 01:44 am Post Subject:
Yep we had one fixed a a mote carlo my husband was having trouble parting with. Put more money onto that dang car...glad he grew up
Posted: Tue Dec 23, 2008 03:58 am Post Subject: insurance
I use to have a '97 Baretta. I did get into a MINOR accident...nothing major. I hit a mailbox and the poll it was sitting on, while driving on a VERY snowy, icy road. Also...the car was getting to the point where I was 'nickel and diming' myself to death, just trying to keep a 'driveable' car. Finally...................I just had to get rid of it.
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