Need Help valuing my Totalled 86 951
#17
Doug-
I saw your thread and have to give my $ .02. As a man in the collison industry I see this daily. Insurance companies determine value based on zip code. (example: a convertible car would be worth money in Florida than a 4X4 truck, and vice versa). It's best to have a licensed vehicle appraiser to do a appraisal on the vehicle. Have reciepts for all maintenance and upgrades ( example the a/c recharge would be considered maintenance). Appraisers ( a good one) will provide "legal" documentation that will ring clear in a insurers eyes. Bottom line... your the claimant and they legally owe to put you in "pre-loss" condition no better no worse. Feel free to ask any questions. Good Luck and keep up 951 guys posted
Jake
I saw your thread and have to give my $ .02. As a man in the collison industry I see this daily. Insurance companies determine value based on zip code. (example: a convertible car would be worth money in Florida than a 4X4 truck, and vice versa). It's best to have a licensed vehicle appraiser to do a appraisal on the vehicle. Have reciepts for all maintenance and upgrades ( example the a/c recharge would be considered maintenance). Appraisers ( a good one) will provide "legal" documentation that will ring clear in a insurers eyes. Bottom line... your the claimant and they legally owe to put you in "pre-loss" condition no better no worse. Feel free to ask any questions. Good Luck and keep up 951 guys posted
Jake
#18
Drifting
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Sorry to hear about your loss. I fear a similar incident happening, inattentive drivers on the phone and lifted trucks that don't see me scare me. But +1 for the safety of the 944 in crashes.
Interesting thread, I actually just called my insurance company yesterday to see if I can safeguard against this type of battle. Their response was not surprising but very disappointing. As my daily I'm limited to non collector insurance so an agreed value policy is not an option.
As a negotiation you can accept a lower payoff in return for a cheaper buyback so you can strip the parts you want. It looked like a very clean car. You also have a very solid negotiating position in that this was 100% not your fault.
Best of luck getting what you deserve. You can always take either of the insurance companies and the 16 year old driver (and/or her parents) to small claims court.
Interesting thread, I actually just called my insurance company yesterday to see if I can safeguard against this type of battle. Their response was not surprising but very disappointing. As my daily I'm limited to non collector insurance so an agreed value policy is not an option.
As a negotiation you can accept a lower payoff in return for a cheaper buyback so you can strip the parts you want. It looked like a very clean car. You also have a very solid negotiating position in that this was 100% not your fault.
Best of luck getting what you deserve. You can always take either of the insurance companies and the 16 year old driver (and/or her parents) to small claims court.
#19
Burning Brakes
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Originally Posted by azmi951
Sorry to hear about your loss. I fear a similar incident happening, inattentive drivers on the phone and lifted trucks that don't see me scare me. But +1 for the safety of the 944 in crashes.
Interesting thread, I actually just called my insurance company yesterday to see if I can safeguard against this type of battle. Their response was not surprising but very disappointing. As my daily I'm limited to non collector insurance so an agreed value policy is not an option.
As a negotiation you can accept a lower payoff in return for a cheaper buyback so you can strip the parts you want. It looked like a very clean car. You also have a very solid negotiating position in that this was 100% not your fault.
Best of luck getting what you deserve. You can always take either of the insurance companies and the 16 year old driver (and/or her parents) to small claims court.
Interesting thread, I actually just called my insurance company yesterday to see if I can safeguard against this type of battle. Their response was not surprising but very disappointing. As my daily I'm limited to non collector insurance so an agreed value policy is not an option.
As a negotiation you can accept a lower payoff in return for a cheaper buyback so you can strip the parts you want. It looked like a very clean car. You also have a very solid negotiating position in that this was 100% not your fault.
Best of luck getting what you deserve. You can always take either of the insurance companies and the 16 year old driver (and/or her parents) to small claims court.
#20
Have an independent appraisal done with comps (make sure the appraisal service is well acquainted with Porsche)
Show copies of receipts for all upgrades, (anything that applies as routine maintenance is NA)
Get an appraisal from Porsche Club of America (they are our friends)
Begin with ACV and negotiate from there.
The work to get this together is money in the bank, it's just ashame we have to re-earn it.
Show copies of receipts for all upgrades, (anything that applies as routine maintenance is NA)
Get an appraisal from Porsche Club of America (they are our friends)
Begin with ACV and negotiate from there.
The work to get this together is money in the bank, it's just ashame we have to re-earn it.
#21
wow nationwide offered you $9300?!?!!? wow i just had my 87 totaled and they first offered me $2500 becuase they couldnt find any that sold so they used the 944 as its replace ment i fought with them for 2 months and they settled with me at a little over 6k. now i would fight with them at first and try to get more from them then if they will not budge get an apraiser out to look at your car then take that if that is what you are happy with then send that to them. did they use ccc value scope? to get the market value? if so also try to get them to widen the search to state wide adn then another state too. or try for nation wide. i hate allied insurance for tring to get a settle ment. i am cheating the system now i am just holding $10k of "extra coverage" on my car jst in case some one hits me. also the buy back should be around 550$ maybe a little more.
#22
Originally Posted by myskyon
wow nationwide offered you $9300?!?!!? wow i just had my 87 totaled and they first offered me $2500 becuase they couldnt find any that sold so they used the 944 as its replace ment
#24
Racer
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Yea, I'm actually making some headway with them, As of today their offer is now up to $10,800 with a buyback of the salvage car at $2500. I just faxed them additional receipts for upgrades of $4054. If I can get them to get the salvage down to $2000 I'm probably going to settle. Otherwise, a professional appraiser is scheduled to come look at the car this evening. I'll let all know how it turns out, and Thanks to everyone for your input!
Douglas
Douglas
#25
Damn teenie boppers!! That car looks beautiful in the frontal pic, what a waste, breaks my heart, darn insurance companies always pay the minimum, did you get whiplash? Did she get a ticket for careless driving or negligence? Sorry to hear about your loss, I would sell the upgrades and turn the car in stock...
#26
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Did she get a ticket for careless driving or negligence?
I can't go back to stock after the mass flow, tial & stage III turbo. Just too slow.
#28
Burning Brakes
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Originally Posted by Douglas Sorrells
Yea, I'm actually making some headway with them, As of today their offer is now up to $10,800 with a buyback of the salvage car at $2500. I just faxed them additional receipts for upgrades of $4054. If I can get them to get the salvage down to $2000 I'm probably going to settle. Otherwise, a professional appraiser is scheduled to come look at the car this evening. I'll let all know how it turns out, and Thanks to everyone for your input!
Douglas
Douglas
#29
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Way to go Doug, That sounds more like it!
Doug