Auto total claim

by tman2 » Tue Jan 26, 2010 09:30 pm
Posts: 9
Joined: 26 Jan 2010

a lady rearends my wifes car, car is totaled. her insurance(GEICO) has made a offer that is about 1,500 below nada or anything I can find on Autotrader or Cars.com or Carmax
What are my options now

Total Comments: 20

Posted: Tue Jan 26, 2010 10:00 pm Post Subject:

Obtain a copy of their valuation and review it to make sure it's correct (correct information about your vehicle was used, etc)

Posted: Tue Jan 26, 2010 10:51 pm Post Subject: Auto total claim

it looks like they used valuescope. there were a couple of things wrong and the bumped it $132, the thing I noticed was out of 12 cars they compared with were GT's and ours was a Grand Prix SE so they knocked ours down because it wasn't as loaded as the GT

Posted: Tue Jan 26, 2010 10:52 pm Post Subject:

sorry, 6 were GT's

Posted: Tue Jan 26, 2010 10:56 pm Post Subject:

so they knocked ours down because it wasn't as loaded as the GT



Which is fair if your exact vehicle was unable to be located during the market search. How does the condition of your vehicle fare to what was found in the market search. Would catagorize your vehicle before the accident as "dealer ready", meaning without having to be cleaned reconditioned or possibly repaired to be in equal condition to the same vehicle on a dealers lot.

Posted: Tue Jan 26, 2010 10:59 pm Post Subject:

it was clean,no scratches no dents no mechanical issues,no tears or burns

Posted: Tue Jan 26, 2010 11:01 pm Post Subject:

also when i did a check on autotrader for se's it pulled up 13 and cars.com pulled up 11

Posted: Wed Jan 27, 2010 01:04 am Post Subject:

Take the number of vehicles that closely compare to yours, including milege. Be it 3, 4, 5 etc. Add the sale amounts of those vehicles together, then divide by the number of vehicles you selected. This will give you an average sale amount. For example; if you found 4 comparable vehicles and the total of those sale prices were $x, divide by 4. How does that number fare with the NADA amount? How does it compare with the settlement amount? Are there any vehicles you searched for relatively close to where you live? If so, go inspect them and compare your vehicle (pre accident). Was your vehicle comparable to the condition of these vehicles? Knowing this, will aid you in the settlement process. I will always go and visiually inspect vehicles that are relatively close to where the owner lives, it gives me more accuracy to offer a fair settlement.

Posted: Wed Jan 27, 2010 01:24 am Post Subject:

The prices you found on Autotrader are asking prices. People seldom actually get those prices.

Posted: Wed Jan 27, 2010 02:28 am Post Subject:

the price the offered was $4200 and NADA was $5775
I found 5 vehicles that as much or more miles and the same options added prices/5, came to $5686

Posted: Wed Jan 27, 2010 02:32 am Post Subject:

also if she was at fault shouldn't her insurance owe me the replacement value, what I could go out and buy it for, not some depreciated value or trade in value. I was under the impression they owed retail.

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