Quote:
Originally Posted by mrsparkle
Hey all, update on my 944 S2 that was badly damaged two months ago. After much back and forth insurance offered me $15.5k for the car, which seems a little low. I argued a lot and ended up hiring an independent appraiser who valued the car at $19.25k. I'd be happy splitting the difference, but if I want to use his valuation I have to go through arbitration with my insurer, Progressive. I'm worried I could end up with less if I do this. Any thoughts, esp from people who have gone through this process previously? Is it worth the fight?
Car is a 90 S2, Red/black, 2 or 2- car, 120k miles, lots of options and well cared for (LSD, Konis, M030 parts, etc).
FYI, I cannot get agreed value on this car as it is my daily
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Couple of things: Konis, etc parts probably won't mean much to an arbitrator unless unless you had a modification rider on your policy. If it doesn't, the extra money you put into the car vs stock components will be covered at a grand total of $0 by your insurance payout.
Second: The insurance company will most likely have a lawyer involved in this. Which means you need to hire one as well, if you want a fair fight. Which is $1K minimum to get someone competent. You want to split the difference between $19 and $15K, even if you win, you're giving away 1/2 your win to a lawyer. And if you lose, you're out another $1K. Best case scenario is you win $1000 having spent many hours dealing with it.
Personally I'd just put this in the "life's unfair" bucket and move on.