Quote:
Originally Posted by CurtEgerer
What game is the insurance company playing? They're giving you $10,600 and giving you all of the mechanicals that you say make it worth more than that?! I'd run, not walk, to the nearest bank and cash the check before the adjuster's manager reviews this file!  Congrats! |
Curt, I am not going to say this again, so listen up. The settlement offer is not $16K with $6.3K salvage value. Their conclusion is that the carcass has no value.
They say the car was worth not more than $9.7K at the time it was crunched. There is NO WAY I would sell this car for that. I could have gotten $11K for this car in a hearbeat, to a local buyer. I value you guys opinions, but I do not necessarily substitute your judgement for mine. Yes, I understand some SC's sell for $9K. Mine had more value than that.
Yes, I very possibly will accept this settlement offer. Yes, I do want the carcass. Yes, it has value to me. Yes, I think their conclusion that there is no salvage value is erroneous. But (here it comes again) given the conclusion that the carcass has no value, and looking only at the valuation of the pre-collision vehicle the conclusion that it was worth $9.7K is insane. It is at least $2K off the mark. The game they are playing is their knowledge that $2K - $3K is money they can keep. Even if we both know the value of this car was $11K to $12K, THEY KNOW THE ATTORNEYS WILL CHEW UP ALL OF THAT DIFFERENCE. And so, they can lowball anybody and everybody by this amount.......and get away with it every time.
Curt......wake up.......tell me this: If an insurance company, or a group of insurance companies, noticed that they can lowball anybody and everybody by this amount and get away with it........do you think any of them will pass on that financial routine? procedure? No, they won't. They will do what makes the most financial sense for them. And the claimant gets screwed. Everybody knows this. Insurance companies have a bad rep. Everywhere. And it's because they play this system. This undervaluation game is routine in the industry. Everybody knows that when you file a claim, you get ready to bend over.
Which brings me to another question. Some of you guys are concluding that $9.7K is the value of a mechanically excellent SC. Then I guess you guys assume that insurance companies offer handsome settlements, as a matter of course? You think they don't lowball claimants? Or perhaps you think their conclusion that my car was worth $9.7K before the collision is an aberration? That normally they would offer $6K?
yes, Curt. Insurance companies play games. Smell the coffee.