by Guest » Fri Jan 29, 2010 01:05 am
I was in an accident Jan 1, 2010. I drove my car home a few blocks. I have liability through my insurance company. The other party who was at fault and ran a red light has liability also. I filed a claim through their insurance company on Jan 4th, 2010. I spoke to the adjuster for the first time Jan 9, 2010 at which time she informed me she had 30 days to complete the investigation (obtain a police report, talk to their policy holders, etc). On Jan 9 a inspector came out to look at my vehicle because it wasn't driveable (because the doors didn't open all the way) so they had someone come to me. He told me someone should contact me within 24 hours with a total.
They contacted me Jan 19, 2010 and told me my vehicle was a total loss and though the investigation was not complete...If the other party is found to be a fault I would get $1937.00. I was shocked at this total because the blue book value of my vehicle even with the high miledge it has is over $4000. They took off for rust, chipped paint, corrosion near the wheels, and multiple other things.
This is where my question comes in....An insurance company is supposed to give you an amount to get a vehicle in the same condition as yours was in...I know they try to low ball but this is the problem I have with their amount.
I have a complete rebuilt transmission w/ less then 4000 miles on it.
I have Front end brake job and new pads w/ less then 4000 miles on it.
I have had transmission cooler line replaced w/ less then 4000 miles on it.
I have had new alternator put on w/ less then 1000 miles on it.
Window motors replaced appr. 5 months ago.
Appr $1800 worth of work...And the total for my vehicle so they say $1937
Also one of the things they subtracted from my total was oil on the engine....I was in an accident where my front end was smashed in which could have been caused by the accident??
How should I go about getting more....I have receipts for all the work I had done...Is this something they would add on to the total. I've never been in an accident so don't really know how much insurance companies work. The investigation is coming up on 30 days and should be completed soon.
Just feel like I'm going to get screwed and thou I didn't leave the scene in an ambulance and didn't feel anything right after the accident I have severe neck/shoulder pain.
They told me also I could get a rent a car but could only spend $22 a day and I was to pay and save the receipts. I didn't have money to pay for a rental so I was out a rental. I have been using a family vehicle...Another way for them to not have to pay as much....
I'm feeling like I'm going to get totally screwed.
:(
Sorry this is so long and thanks in advance for any help.
They contacted me Jan 19, 2010 and told me my vehicle was a total loss and though the investigation was not complete...If the other party is found to be a fault I would get $1937.00. I was shocked at this total because the blue book value of my vehicle even with the high miledge it has is over $4000. They took off for rust, chipped paint, corrosion near the wheels, and multiple other things.
This is where my question comes in....An insurance company is supposed to give you an amount to get a vehicle in the same condition as yours was in...I know they try to low ball but this is the problem I have with their amount.
I have a complete rebuilt transmission w/ less then 4000 miles on it.
I have Front end brake job and new pads w/ less then 4000 miles on it.
I have had transmission cooler line replaced w/ less then 4000 miles on it.
I have had new alternator put on w/ less then 1000 miles on it.
Window motors replaced appr. 5 months ago.
Appr $1800 worth of work...And the total for my vehicle so they say $1937
Also one of the things they subtracted from my total was oil on the engine....I was in an accident where my front end was smashed in which could have been caused by the accident??
How should I go about getting more....I have receipts for all the work I had done...Is this something they would add on to the total. I've never been in an accident so don't really know how much insurance companies work. The investigation is coming up on 30 days and should be completed soon.
Just feel like I'm going to get screwed and thou I didn't leave the scene in an ambulance and didn't feel anything right after the accident I have severe neck/shoulder pain.
They told me also I could get a rent a car but could only spend $22 a day and I was to pay and save the receipts. I didn't have money to pay for a rental so I was out a rental. I have been using a family vehicle...Another way for them to not have to pay as much....
I'm feeling like I'm going to get totally screwed.
:(
Sorry this is so long and thanks in advance for any help.
Posted: Fri Jan 29, 2010 01:08 am Post Subject:
Also I'm in IL and the insurance company handling the claim is Allstate not sure if that makes a diff.
Posted: Fri Jan 29, 2010 01:49 am Post Subject:
No that does not matter. No one uses the blue book anymore. It's so inaccurate.
I have a complete rebuilt transmission w/ less then 4000 miles on it.
I have Front end brake job and new pads w/ less then 4000 miles on it.
I have had transmission cooler line replaced w/ less then 4000 miles on it.
I have had new alternator put on w/ less then 1000 miles on it.
Window motors replaced appr. 5 months ago.
Unfortuneatly, these items do not add value to your vehicle.
Go to this NADA page and click the vehicle that matches yours. Then check off all the options, engine, trim, mileage. This will calculate a suggested ACV amount.
http://www.nadaguides.com/usedcars.aspx?LI=1-21-0-5002-844-923-59881&l=1&w=21&p=1&f=5004
then go to autotrader.com or cars.com. Select your zip code, and select used cars. This will find a few comparable vehicles in your area. Adjust the number of miles from your area to find more vehicles. Select 3 or 4 models that are comparable including mileage. Add up the sales amount from the 3 or 4 vehicles and divide that by that number. Compare the average selling price to the NADA suggested ACV amount. This should give you a ballpark value.
Posted: Fri Jan 29, 2010 02:13 am Post Subject:
I will do that....Kinda sucks that doesn't add value...No way I will get a comparable car as far as running condition w/ everything under the hood pretty much new for the amount their claiming it's worth....Dunno I guess even when your in the right you still get screwed....Thanks for the response.
Posted: Sat Jan 30, 2010 07:03 am Post Subject: Value of a totaled car
You need to do some investigations to find out the fair market value of your car. Try some car selling sites to get an idea of its present value. Also, the insurance company pays you for the condition that your car was in before the accident. Since you have all the records of your past repairs and maintenance, it'll be easier for you to handle this. Moreover, if the insurance company had made only an initial offer, you do not need to accept it. You can still go for negotiation with the help of an independent appraiser.
Posted: Sat Jan 30, 2010 12:31 pm Post Subject:
Dunno I guess even when your in the right you still get screwed....
Unfortunately that's how life is some times...I know it sucks...Thanks for the response
We're greatful for your appreciation, even if it wasn't what you wanted to hear. :wink:Add your comment