Qwksnke

Wow! This sucks to hear
My 2008 AMG C63 was totaled last July but my experience was good. NADA on it was around 20k but insurance paid me around 27-28k.
Based off what I paid for 09 C2S last fall with the same mileage, I would have expected your insurance to pay out between 46-49k minimum

captainbaker

I dont know your location so that doesnt help. Im assuming you live in the lower 48 and bound by US law. Their agreement with you is to make you whole. That is the essence of insurance. They can delay, they can low ball, but they cannot refuse to make you whole. In every state there is an insurance commission. If, If, If your numbers are fare to what replacement value on a comparable car in your region at a specific point in time and they refuse, get the local insurance commission involved. There is a time line by law that they have to abide by, and they know it. Once you invoke the insurance commission, they will play ball.

In short, they are compelled by law to perform. When you call a teacher, they will perform.

Petza914

Sorry for your loss and situation as that's going to be a little tough to replace especially with less than you paid for it. This us the exact reason I have an Agreed Value policy on all of my Porsches with Grundy (underwritten by a special division of AIG). Agreed Value is different than Stated Value and means in a total loss, we've already agreed on the number I'll get for the car, as 3 of them are essentially irreplaceable with an identical car because they don't exust - the supercharged RUF 997, the supercharged convertible 928, and the widebody Cayenne Turbo S.

As others have said, you need to gather data on recent comparable sales to present to them. Some of the online sires list previously sold cars - look at both RAC and Sloan cars - both premium high, end dealers.

The seatbelts gave pyro pretensioners in them that use an explosion similar to an airbag to tighten them in an accident. This is what you smelled, felt, and why the mechanism now seems broken. They're a single accident use item. Usually when these or the airbags deployed, it blows the pyro fuse too, which prevents the car from restarting.

Good luck.

beyondthegrave77

captainbaker yes i'm in the lower 48 states, i'm out west in california temporarily and this is where the accident occurred.

There are only (6-8) 2009 Porsche 911S manual transmissions for sale in the whole USA right now according to cars.com/autotrader/ebay.(bringatrailer has only sold a majority 997.1's the only 997.2 they had was a base model) they range from 53k-60k asking prices from the dealers.

When averaging all the prices together 55k is the number I come up with and is about what I paid for a guards red/sand beige interior 911S 6speed with 32k miles on it and no mods(aside from new wheels/tires). The insurances first offer is in the 40s which wouldn't be enough to even buy another 2009 997.2S. (the 2010 models are all in the 60k range)

Petza I have agreed value on another old rare sports car that I own so I know all about that and thankfully havent had to use it on that one. The only problem I see with the porsche scenario is I dont know how/ where to see what these cars "sold" for because there are so few of them even for sale. But I just know i'm not accepting their current offer as it is a lowball.

Qwksnke

So, insurance calculations vary by companies. Mine actually used market value based off comps for sale in my region (southeast). But others look solely at NADA or blue book values.
But yeah, I think getting 55k for an 09 C2S from the insurance company is going to be tough. Especially with all the PDK cars being sold in the 43-47k range and from a book value standpoint, autos will always be higher valued.

If State Farm Insurance is available in your region, look into a policy with them on your next car. That is who I have and they comp cars exactly like yours for pay outs


***EDIT.. Just messed around the NADA website. Really sucks that they do not break down the options when looking values beyond, auto, pwr seat, Bose, Navi... Should have went a little more depth in my mind with the options and value

beyondthegrave77

Yea I believe they are using Nada values which by their own metric is wrong for the car because when you click on the link to "find a similar car" it just takes you to autotrader where the cars are the same price range I quoted/ are even more expensive because it has a bunch of Turbo's on the search listing.

wportervt

Sorry to hear that you have to go through this. I was in a similar situation last year and while their initial offer was low we ultimately came to what I felt was a fair conclusion though it took some work on my part and more than two months to reach the settlement. As was mentioned above they are responsible by law to make you whole. Show them the comps you have found and if they continue to low-ball you, call their bluff and tell them “ok, rather than a buyout payoff, just find me the same car in the same condition with the same options and same mileage, and I'll take the replacement car instead of the money.” Because that is what they are implying they can do for the value they are offering. Our cars are rather unique and your run of the mill insurance adjuster does not necessarily understand what they are dealing with. The build sheet is a good starting point to present them with factory documentation of the list of options that were on the car and what it originally cost. Good luck and let us know how things work out!

http://admin.porschedealer.com/repor....php?vin=ENTER YOUR VIN HERE

beyondthegrave77

As an update and info on how funny insurance companies are , I hadn't heard anything from insurance in a few days, I wrote up a simple few sentence email saying what comps were available and within 10 minutes the original adjuster had already emailed me an updated offer(about 5k more) and then a few minutes later called me and I talked to to the person about it and was nice and calm(just doing their job no need to get angry/take it personal on them) and they stated again even though its the second offer that its their final offer and said the same insurance voodoo about even though 1+1 is 2 when it comes to paying out the car fairly 2+2= 3. I politely asked to be given the information of the manager/next person to escalate and was given that info. So I will be following up with that person next to get the last 3-5k hopefully to feel I got the cars correct value.

powahousealex

Hello,

I normally buy cars from salvage yards or directly from the insurance companies . The way they pay the client out is based on WHAT IS THE RETAIL VALUE VS WHAT IS THE REPAIR COST VS WHAT CAN THEY RECOUP AFTER SELLING at a salvage yard . What they try to do is try to lose as little money as possible(especially) if their is a LIEN/LOAN on the car. YOU should still be able to negotiate your pay out, This is just a simple tool insurers use .Hope this helps

Alex-