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Need help with value for insurance (totalled)!

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  • Need help with value for insurance (totalled)!

    > Hi all,
    >
    > The insurance company gave me a figure for my car from the crash a couple
    weeks ago - they said NADA was ~$5700 but they recognize it is a low
    production car - so they are offering me $8287. I provided them with $20,000
    in receipts that they basically said thanks but this is wht we think your
    car is worth. I provided them with 7 listings from Turner, Roadfly and
    Autotrader. The rep is saying that since only one was in Mass the others
    aren't really applicable.
    >
    > This is an 88 M3 in excellent condition with substantial suspension
    improvements. 2.3L motor with a full head refresh last summer and fanatical
    maintenance. 107,000 miles. I'm not sure what else to provide to them. Commerece Ins in
    Mass is the company. Could use some help here gang.. please reply to the
    list and myself.
    >
    > Thanks
    > Eric Heinrich
    > (hoping he doesn't get screwed)
    EricH
    154 JS

    www.boston-bmwcca.org
    www.bmwccaclubracing.com
    Wanna Race? Get your competetion license and come to the track!

  • #2
    If you give me a few days I can send you a copy of the paperwork from my insurance settling for $18,333. I can also send you a copy of my cars appraisal that I received after the crash. It cost roughly between $250-$350.

    I suggest you ask here and on the SIG for as many bill of sales AND appraisals you can get your hands on. Especially those located around your area.

    You have the right to get an appraisal and contest it. I believe if after this point you cannot agree to a $number$ you can take it to court?

    Here's my story...
    http://www.s14.net/forums/showthread...ghlight=battle


    Disclaimer: Remember, I know absolutely nothing, but it doesn't prevent me from having an opinion or suggestion. :

    Comment


    • #3
      Thanks Magnus,

      I'll ask around - any help you can provide is greatly appreciated.

      How long did it take for you to hash it out with them?

      Eric
      EricH
      154 JS

      www.boston-bmwcca.org
      www.bmwccaclubracing.com
      Wanna Race? Get your competetion license and come to the track!

      Comment


      • #4
        A long 2 months 10 days.

        I could've waited a year without budging.


        Disclaimer: Remember, I know absolutely nothing, but it doesn't prevent me from having an opinion or suggestion. :

        Comment


        • #5
          I'm sure every day was excruciating. Fortunately It was my spare car, and I still have my race car, so I can afford to drag it out with them. I'm glad you got fiar value for your car, I know your's and Brandon's are 2 of the nicest ones around.

          Eric Heinrich
          EricH
          154 JS

          www.boston-bmwcca.org
          www.bmwccaclubracing.com
          Wanna Race? Get your competetion license and come to the track!

          Comment


          • #6
            Good luck Eric...I selfishly hope you get a fair shake on the value.......becuase I go though Commerce in Mass as well.....and god forbid anythinghappens to mine....it would be nice to know that the company will do the right thing in the end.

            Keep us all updated.....sorry I can't help at all

            Comment

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