how is it possible for auto collision damage estimate jump fron 1992.00 to over 13k in 48 hours
Total Comments: 27
Posted: Thu Jul 24, 2008 01:39 am Post Subject:
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Lori,
Slow down, relax, take a break,.... then read 'each word' quoted below.
Did you miss this at the end of my last Post??
Actually I did Fred...sorry about that...
But like I stated earlier, __ "It likely will fall on Deaf Eye's anyway."__
That's not true Fred, I've got my hearing aid turned up as loud as it will go..
did you see it this time?? The play with words?
So turning up your hearing aid as loud as it will go, will not help you SEE the typed words on your monitor. :) Sometimes a little play with words helps me determine how someone responding "reads" my written words. Which in turn helps me better understand their written words.
[b]FK,
PS, I will get back to you on your "visible damage" thoughts when I can.
I've got two cars to complete for a local Car Show on August second, and another customer just left his Vette for a front bumper replacement. He never ask about prices, just said to call when it was done. Best part.... No insurer interference with any of them. That's what Free Trade is all about. Give the consumer what they know to expect and get paid in full when its done. I like fixing cars and having customer's that appreciate what I do. And man oh man I sure appreciate them.
Posted: Thu Jul 24, 2008 05:09 am Post Subject:
Ouch, my head hurts trying to read this thread.
Let's keep in mind that we really don't know any of the circumstances of the OP's post.
In my experience with claims the process moves very slowly. So the initial estimate (Before work starts) is not the payout by the insurer. It's just an initial estimate. Once the work starts more problems can become obvious (in my limited experience). Fred you would know better if it is possible for larger damages to be discovered after removal of a part of the body (ie bumper or quarter panel). The insurer will pay the claim regardless of where it ends up.
To the Original Poster - are you worried about the severity of the claim for fear of your driving record? The accident will hurt your record regardelss of its size. This is why smaller claims sometimes get solved by the parties involved without insurance involvement.
Fred, the insurers are very involved in the process. Otherwise if I had an accident I would take my car to my mechanic and we could work out a private deal where we each make an profit from my initial loss (ie pad the bill by $1000). Not everyone is as honest as you. And those less than honest people would take advantage of the situation if the insurer wasn't so involved. The insurers are managing a trust of your money and my money. We don't want to pay any higher rates so controlling claims is in everyone's best interest (except of course the person experiencing a loss).
I hope my comments help a bit? Now to find an aspirin .... lol
Posted: Thu Jul 24, 2008 10:03 am Post Subject:
So turning up your hearing aid as loud as it will go, will not help you SEE the typed words on your monitor. Sometimes a little play with words helps me determine how someone responding "reads" my written words. Which in turn helps me better understand their written words.
Great theory Fred..you caught me...and pegged me well with this too!
Lori, Slow down, relax, take a break,.... then read 'each word' quoted below.
I'm one of those always going at 100mph people with a million things to do, or dead out one........thanks though seriously....
I've got two cars to complete for a local Car Show on August second, and another customer just left his Vette for a front bumper replacement.
Good luck at the show!!.....
No insurer interference with any of them. That's what Free Trade is all aboutGive the consumer what they know to expect and get paid in full when its done. I like fixing cars and having customer's that appreciate what I do. And man oh man I sure appreciate them.
I agree great gig if you can swing it...Do you do mostly self pays, and resto work Fred?
Posted: Thu Jul 24, 2008 10:09 am Post Subject:
Ontario,
Now to find an aspirin .... lol
Watch out if this one gave you a headache there are some thread that might cause you to pass out...trust me...... :wink:
Posted: Thu Jul 24, 2008 01:54 pm Post Subject:
It would be interesting to know who wrote the first est... and yes it does make a difference, from what I understand the first est. is what the Ins. Co. has to have put into reserves to settle the claim. I think supplements are part of the business but that percentage amount by anyones standards would be questionable.
Posted: Thu Jul 24, 2008 11:47 pm Post Subject:
from what I understand the first est. is what the Ins. Co. has to have put into reserves to settle the claim
No that's not correct...every company I know of, on physcial damage automatically set an ''average'' reserve (for PD, comp and collision)...average meaning the average payment of all comp claims (for instance) is the reserve set, these change in most company's weekly or monthly...Now BI reserves are set first as an average, then soon adjusted up or down depending the adjusters imput...Besides that a company would be in deep well you know if they didn't set a reserve immediately upon the claim being turned in and knowing that coverage is in order...they don't wait for an estimate to be written to set a reserve, it is set when the claim is reported.
I think supplements are part of the business but that percentage amount by anyones standards would be questionable.
I agree, but I'm just pretty sure the rep ''tagged'' the car...
Posted: Wed Aug 06, 2008 10:29 pm Post Subject:
Most appraisers are not allowed to write a complete estimate. If an insured or claimant cashes out the insurance company saves. This is commonly called a street estimate. There is usually additional damage discovered once the vehicle has been disassembled. You probably had a combination of both. If you actually had the repairs performed all the needed items will be added on once the shop contacts the insurance company for a supplement. As you can see cashing out and then shopping around and trying to pocket a few dollars yourself usually does not work.
Posted: Thu Jul 24, 2008 01:39 am Post Subject:
.
.
.
Lori,
Slow down, relax, take a break,.... then read 'each word' quoted below.
Did you miss this at the end of my last Post??
Actually I did Fred...sorry about that...
But like I stated earlier, __ "It likely will fall on Deaf Eye's anyway."__
That's not true Fred, I've got my hearing aid turned up as loud as it will go..
did you see it this time?? The play with words?
So turning up your hearing aid as loud as it will go, will not help you SEE the typed words on your monitor. :) Sometimes a little play with words helps me determine how someone responding "reads" my written words. Which in turn helps me better understand their written words.
[b]FK,
PS, I will get back to you on your "visible damage" thoughts when I can.
I've got two cars to complete for a local Car Show on August second, and another customer just left his Vette for a front bumper replacement. He never ask about prices, just said to call when it was done. Best part.... No insurer interference with any of them. That's what Free Trade is all about. Give the consumer what they know to expect and get paid in full when its done. I like fixing cars and having customer's that appreciate what I do. And man oh man I sure appreciate them.
Posted: Thu Jul 24, 2008 05:09 am Post Subject:
Ouch, my head hurts trying to read this thread.
Let's keep in mind that we really don't know any of the circumstances of the OP's post.
In my experience with claims the process moves very slowly. So the initial estimate (Before work starts) is not the payout by the insurer. It's just an initial estimate. Once the work starts more problems can become obvious (in my limited experience). Fred you would know better if it is possible for larger damages to be discovered after removal of a part of the body (ie bumper or quarter panel). The insurer will pay the claim regardless of where it ends up.
To the Original Poster - are you worried about the severity of the claim for fear of your driving record? The accident will hurt your record regardelss of its size. This is why smaller claims sometimes get solved by the parties involved without insurance involvement.
Fred, the insurers are very involved in the process. Otherwise if I had an accident I would take my car to my mechanic and we could work out a private deal where we each make an profit from my initial loss (ie pad the bill by $1000). Not everyone is as honest as you. And those less than honest people would take advantage of the situation if the insurer wasn't so involved. The insurers are managing a trust of your money and my money. We don't want to pay any higher rates so controlling claims is in everyone's best interest (except of course the person experiencing a loss).
I hope my comments help a bit? Now to find an aspirin .... lol
Posted: Thu Jul 24, 2008 10:03 am Post Subject:
So turning up your hearing aid as loud as it will go, will not help you SEE the typed words on your monitor. Sometimes a little play with words helps me determine how someone responding "reads" my written words. Which in turn helps me better understand their written words.
Great theory Fred..you caught me...and pegged me well with this too!Lori, Slow down, relax, take a break,.... then read 'each word' quoted below.
I'm one of those always going at 100mph people with a million things to do, or dead out one........thanks though seriously....I've got two cars to complete for a local Car Show on August second, and another customer just left his Vette for a front bumper replacement.
Good luck at the show!!.....No insurer interference with any of them. That's what Free Trade is all aboutGive the consumer what they know to expect and get paid in full when its done. I like fixing cars and having customer's that appreciate what I do. And man oh man I sure appreciate them.
I agree great gig if you can swing it...Do you do mostly self pays, and resto work Fred?Posted: Thu Jul 24, 2008 10:09 am Post Subject:
Ontario,
Now to find an aspirin .... lol
Watch out if this one gave you a headache there are some thread that might cause you to pass out...trust me...... :wink:Posted: Thu Jul 24, 2008 01:54 pm Post Subject:
It would be interesting to know who wrote the first est... and yes it does make a difference, from what I understand the first est. is what the Ins. Co. has to have put into reserves to settle the claim. I think supplements are part of the business but that percentage amount by anyones standards would be questionable.
Posted: Thu Jul 24, 2008 11:47 pm Post Subject:
from what I understand the first est. is what the Ins. Co. has to have put into reserves to settle the claim
No that's not correct...every company I know of, on physcial damage automatically set an ''average'' reserve (for PD, comp and collision)...average meaning the average payment of all comp claims (for instance) is the reserve set, these change in most company's weekly or monthly...Now BI reserves are set first as an average, then soon adjusted up or down depending the adjusters imput...Besides that a company would be in deep well you know if they didn't set a reserve immediately upon the claim being turned in and knowing that coverage is in order...they don't wait for an estimate to be written to set a reserve, it is set when the claim is reported.I think supplements are part of the business but that percentage amount by anyones standards would be questionable.
I agree, but I'm just pretty sure the rep ''tagged'' the car...Posted: Wed Aug 06, 2008 10:29 pm Post Subject:
Most appraisers are not allowed to write a complete estimate. If an insured or claimant cashes out the insurance company saves. This is commonly called a street estimate. There is usually additional damage discovered once the vehicle has been disassembled. You probably had a combination of both. If you actually had the repairs performed all the needed items will be added on once the shop contacts the insurance company for a supplement. As you can see cashing out and then shopping around and trying to pocket a few dollars yourself usually does not work.
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