tcope | 10 months ago
[quote]I will never get what my truck would have been worth because carfax shows major accident now.[/quote] Don't buy into the commercials... Car Fax has very little info. Car Fax's main data is obtained from when insurance companies report (index) claim to a company called ISO (different then the company that sets standards). Some of the larger insurance companies report everything automatically. Most of the smaller ones only report bodily injury claims. So it's very possible that no accident will show up for your truck on Car Fax. I bought a rental car about 6 months ago. Car Fax showed it a a rental (as the prior owner was Enterprise) but nothing else. When a rental car is in an accident the rental companies almost always sell them after they are repaired. They don't want the liability if the car is in another accident. I bought the car in good condition. I never asked if it was in an accident and no one ever said. Turns out, the 1/4 panel had been replaced. So did the seller take a hit on the car because it was in an accident? I will also say that the car was priced below dealer trade in value. But who's to say this was because of prior/repaired damages? It was never discussed.
A few years ago Lori, Mike(OfTheOzarks) and I got into a _long_ thread about DV claims. Here is what can say... DV is a perceived amount. Truth is, the vehicle is either in the same condition or better (most cases, better) then it was prior to the accident. People just offer less because using prior repaired damage as a bargaining chip makes sense in order to get a lower price. Really, the vehicle is no worse for wear. But I do agree, people may pay less. No question about that. The problem is... when insurance companies start supporting DV by paying them where does that money come from? Look in your pocket book for the answer. Everyone wants to bitch about the cost of auto insurance... until they are looking to collect from the insurance. Keep in mind, I'm not saying insurance should not pay claims and I'm not saying people should not collect what they are owed. I'm simply pointing out the reason for resisting paying DV claims.
I'm not saying the insurance company should not pay your DV claim... I'm not saying you should not collect on your DV claim. I'm simply pointing out _why_ the insurance company is resisting. It's their job to pay only what they need to pay. They are a business. Show me a business that spends more then they need to and I'll show you a company out of business. It pisses you off... I understand. It would be great if it did not need to happen. But it's the nature of the situation. If you feel you are owed more, press the issue. Perhaps you want to fill out a Small Claim court filing form and send it to the insurance company with a demand for x amount of dollars. Include a letter stating you will file the suit against their insurance in 30 days unless they pay more. You don't need to file of you don't want... if they won't increase the offer you could still take when they are offering.
You have several options. |
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