by Guest » Fri Mar 28, 2008 10:19 pm
My wife recently got in an accident where our car was written off. Our insurance company, Pilot, took a couple of prices off of autotrader.ca, and took $500 off of a $3,900 vehicle as a "Negotiation Allowance"... i.e. "You should be able to bargain down from that price".
Is that customary for insurance companies to factor in a "Negotiation Allowance", or is it just Pilot? Is that even legal (in Ontario, Canada)?
Thanks,
John
Is that customary for insurance companies to factor in a "Negotiation Allowance", or is it just Pilot? Is that even legal (in Ontario, Canada)?
Thanks,
John
Posted: Wed Apr 02, 2008 01:16 am Post Subject:
Would it be more practical to get an ACV from a report that assumes the selling price of a car or from a report that reflects the actual sale price of a vehicle?
Posted: Wed Apr 02, 2008 10:24 am Post Subject:
Well clearly the actual sale (selling) price is the true ACV of anything right? But that just isn't always possible, and averages have to be considered...(ie nada, kelly, edmunds etc)....at times...IMO NADA typcially is a little higher than CCC, and more widely accepted...
Posted: Wed Apr 02, 2008 05:37 pm Post Subject:
Why would it not be always possible to find the ACV of vehicles comparable with one another when there is a market report (NADA) that does just that?
Posted: Thu Apr 03, 2008 09:27 am Post Subject:
Well it is, (I mean NADA is there)...some times people don't agree with NADA, or find another vehicle or two that is a few hundred higher...but really IMO NADA is about as acruate as any, and better than most..
Add your comment