funkysi

Hey guys,

So bad news. Car flooded in high tide of June 4th. Advised it is a write off but no adjuster visit yet. Prob nxt monday or so. I would love some advice as to what to do as I have no experience of claims adjusters.

Thanks,

davek9

How was it insured ?
What year?

mickster

Get to AutoTrader.com, Cars.com and Rennlist Classified to get equivalent prices.

Then go to Ebay and do a search of current and completed sales.

The go to Craigslist (I use AutoTempest to search the country) and pull prices.

Then get documentation of EVERY service done including parts prices since you've owned the car.

Arm yourself with as much pricing info and what you've updated in the car so you have some grounds to establish value when the adjuster comes.

Print and put it in a binder.

Of course he may go to NADA or whoever does Classic Car Prices (I think it may be KBB). Do the same.

Who is the company and is it ACV or Agreed?

Good luck and buy back the car for parts to sell later if it's under $2500 and they can be salvaged...

NordicSaab

DITTO + Have as much as you can in the way of maintenance records, receipts, and money spent towards the car. About the only way to get insurance companies to budge from KBB is to show that your car was either not of "market" condition or that it was unique in some way.

Also, do some searching on the web for comparable 928. this is what the Insurance company will look at when you claim that KBB is not an accurate reflection of market.

Sorry for your loss...

IcemanG17

Get ALL of your receipts you spent on the car...& there is PLENTY....

123quattro

What they all said. Being that it was flooded with saltwater it is done. Even if things work electrically now, they won't in 6 months. Sorry for your loss.

jeff spahn

No! Is this the same car you stopped by with in Iowa?

funkysi

1982 S insured with Geico

cali4sun

It all depends what you have for insurance coverage (details). What type of coverage do you have? I can't count how many times that everyone here has recommended an agreed value policy. Car is history w/ salt water. Sorry to hear that.

'89 S4 GP White/Black
'76 912e Silver/Black

funkysi

I have comprehensive coverage. I'm gonna get the invoices in order then wait for the adjuster.

Hilton

No experience of US insurance, but its also worth noting that if you think they're offering less than the car is worth, don't settle. Argue, and use evidence (receipts, comparable cars sold, adverts etc.) as to why its worth more.

The insurance company wants to get out of the contract by paying as little as they can, so often they'll lead with a lowball, as many people just go "oh ok" and sign.

funkysi

$9800.......Car has been totaled. Tune in for an update in nxt 48 hours.....

gersar928

Ouch, Sorry to hear about that Simon. For those of you interested it was an 82' Competition Package .

brutus

Actually $9,800 seems like a very nice settlement unless it was exceptionaly nice and low miles car.

Tom. M

More like $9800 to repair.. actual value of $2500...they'll send you a check for $1500 and call it good... ;-(

Go and get as many "comps" as you can (craigslist, ebay, autotrader, even rennlist) and send them three of the best ones .....they will likely average and give you that minus deductible (and car buyout if you want the car back)..

Good luck...and keep your backside covered...the insurance companies are prone to screw you if you let them..