JustAnotherRed993 formal intro & insurance advise thread
#17
Rennlist Member
Originally Posted by JustAnotherRed993
not to worry...won't happen like that. The only time adjusters refer to NADA or KBB is when they are trying to get an idea if the threshold is getting close to totalling the car vs. repairing. (but it's not important to think about that right now)
If/when the time comes to settle a total loss claim on your 993...the insurance company will have to come up with comparable vehicles that are currently for sale in the market in order to determine the fair market value (ACV/actual cash value).
You can do this also...and there is no time like the present to start...for all of you guys.
So...here's the first blanket recommendation.
Go to Cars.com & Traderonline.com...do the search for 993's both locally and nationwide. Print out a good portion (if not most) of the ads (there is a link for a one page printable version on the sites) and keep a file. Then...when your car is totalled...not only will you have the current vehicles for sale...but you will also have a historical record of what 993's have been selling for if/when you ever need to present this info to your adjuster for ACV purposes.
Do this on a periodic basis (every couple weeks or so) and when the time comes...you'll have waaayyyyyy more comps than the adjuster will ever come up with and it'll be better ammo than you think.
What not to do?.....don't just copy the highest $$$ ads (the adjuster will be able to see right through this...copy them all...even the lowest $ ones. The reason for having the low end comps is because I found that some of the low $ cars...with minimal research...have reasons for being low $ cars. You'll have the comps...and most likely you will be able to explain why they are selling for less.
Also...to earn extra bonus points with your adjuster...make sure you have the ad's that people have placed with absolutely unrealistic asking prices...we've all seen them...this way...you can paint yourself as a reasonable "insured" where you can be the one to point out to the adjuster that there are in fact people that do want toooo much for their car...but you aren't one of them and that you just want the correct/fair value.
When it gets down to brass tacks...there is still a "range" that your vehicle will fall into as it is truly impossible to nail the value down to an EXACT figure...this is where respect and "being nice to your adjuster" can be helpful.
for example...let's say as an adjuster I can document a car at 35k and substantiate it...or at 37k...If you were a PITA insured...which end do you think you may have a better chance of falling under?
hope this helps.
If/when the time comes to settle a total loss claim on your 993...the insurance company will have to come up with comparable vehicles that are currently for sale in the market in order to determine the fair market value (ACV/actual cash value).
You can do this also...and there is no time like the present to start...for all of you guys.
So...here's the first blanket recommendation.
Go to Cars.com & Traderonline.com...do the search for 993's both locally and nationwide. Print out a good portion (if not most) of the ads (there is a link for a one page printable version on the sites) and keep a file. Then...when your car is totalled...not only will you have the current vehicles for sale...but you will also have a historical record of what 993's have been selling for if/when you ever need to present this info to your adjuster for ACV purposes.
Do this on a periodic basis (every couple weeks or so) and when the time comes...you'll have waaayyyyyy more comps than the adjuster will ever come up with and it'll be better ammo than you think.
What not to do?.....don't just copy the highest $$$ ads (the adjuster will be able to see right through this...copy them all...even the lowest $ ones. The reason for having the low end comps is because I found that some of the low $ cars...with minimal research...have reasons for being low $ cars. You'll have the comps...and most likely you will be able to explain why they are selling for less.
Also...to earn extra bonus points with your adjuster...make sure you have the ad's that people have placed with absolutely unrealistic asking prices...we've all seen them...this way...you can paint yourself as a reasonable "insured" where you can be the one to point out to the adjuster that there are in fact people that do want toooo much for their car...but you aren't one of them and that you just want the correct/fair value.
When it gets down to brass tacks...there is still a "range" that your vehicle will fall into as it is truly impossible to nail the value down to an EXACT figure...this is where respect and "being nice to your adjuster" can be helpful.
for example...let's say as an adjuster I can document a car at 35k and substantiate it...or at 37k...If you were a PITA insured...which end do you think you may have a better chance of falling under?
hope this helps.
#19
Race Car
Nice unmolested sample...Hopefully not for long! Lookout for upcoming GB's (Group Buys) It's a good way of spending money and not feel as guilty because there are other 20 or so more like you doing the same thing.
Also, you may want to do a serach for "seat rail DIY mod". By looking at your first picture, I think you'll be less cramped if you move that seat back. That car sure looks small when you stand next to it.
Also, you may want to do a serach for "seat rail DIY mod". By looking at your first picture, I think you'll be less cramped if you move that seat back. That car sure looks small when you stand next to it.
#20
Three Wheelin'
Wow... what an intro!!! Welcome, welcome to the best P-Car forum on the planet!!!
Nice pictures... I see your group got a police escort too, very impressive!!
Thanks for the insights on the workings of insurance claim adjustments and tips!!!!!!!
Nice pictures... I see your group got a police escort too, very impressive!!
Thanks for the insights on the workings of insurance claim adjustments and tips!!!!!!!
#21
Rennlist Member
Originally Posted by JustAnotherRed993
Oh...and how in the hell do I find the lounge Alan? There must be a hidden door somewhere or something.
#23
Three Wheelin'
Join Date: Dec 2002
Location: Tampa
Posts: 1,367
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Since we're on the topic of red 993's and insurance I have a question. I'm loking at a red 993 s and was thinking of obtaining "limited mileage " insurance. Any thoughts; other than don't limit the mileage : )