Stolen vehicle question ?

[THE KOD]

I had a vehicle stolen yesterday that I had parked at a friends house for sale. They broke the windown out and hot wired it or something.

Called the police and insurance co. Took a deposition over the phone as to what happened.
The first thing the insurance co thinks about is that you stole your own car ?

Anyway the car was a 2000 model and paid for.

If they do not find the car in 30 days the agent said that they would make me a offer to buy the title.

My question is are they going to start that blue book value crap and I am going to get screwed big time over the cars value ?

If I refuse their offer, I am chit out of luck ?

any help appreciated

 

[BADTODABONE]

I had a vehicle stolen once, but it was recovered. Sterring column was 'punched', dash board ripped appart, dumped in the country and used for target practice before the punks left.

Insurance company was going to total it and I was not happy with the offer. Researched and presented info to the insurance company....they decided to fix it. Cost my arse, it was insured on a business policy, no rental cov., had to rent a car for a month plus my deduct...but it looked brand new.

They'll do the book value in your area. I'd scour the newspaper and the net for the highest priced make and model you lost.

 

[dunclock]

I would start a poll and post pictures of suspects:mj07:
Just busting on you man! Get the RETAIL value and do not accept a trade in or book value, they are much lower than the retail. Good luck and these situations always stink and way too time consuming!

 

[fattymanboobs]

SCOTT

SCOTT

It depends on the insurance company you use. I am a licensed appraiser/adjuster and used to work for Progressive.

I cannot believe that your claims rep already did not explain the procedure to you.

Most companies will wait 30 days to see if the car is recovered before making an offer.

They will either use Kelly blue book, or NADA or some other means. NADA typically values your vehicle higher, but they are going to want some kind of odometer reading, and may try to chintz you on mileage if never recovered, they will look at last reading from DMV and prob add 12k miles per year. They will want guarantee of title for sure. If the vehicle is recovred, they will surely want to see if the steering colum was broken or not set on fire. They automatically think fraud when a vehicle is recovered burned, steering column not broken or in a weird place, so be ready for them to be very cold toward you for a little while, Progressive will not even give you rental coverage until the 30 days are up, it really sucks.


If you refuse the offer and the car is NOT recovered, you are kinda SOL, b/c there is nothing to base the value off of besides what I mentioned earlier. Just hope they don't use blackbook or manheim to value your car, cuz yes, then you are fuhked, they are always the lowest. The insurance company may even want you to come in person and give another statement. They are going to be hounding you a lot, and probably send you some kind of affidavit of theft to complete, they will check your credit, your finances etc, b/c they want to make sure it was not staged, so just be prepared for some dumb assed overzealous claims rep and their manager to be treating you like CSI for awhile. If you have any other questions that come to mind, don't hesitate to ask and I can let you know

fatty

 

[vinnie]

You can have them find you the same year car with equal miles if you don't like the buyout price.

 

[turksure]

I would look to see what you could buy the same car, condition, mileage, etc. That what they owe you, the cost to replace less the deductible.

That's what I did on a totaled car after the insurance company gave me a low ball offer.

Trust me, they have all of the numbers.

Look at the policy as to the timing of the payment due and any other amounts due you. Value of car title expense, prorata car tag expense, rental car cost until you are paid.

Unless with a direct writer make sure your agent works for you or get a new agent.

good luck turk

 

[Franky Wright]

How much can a 2000 GEO be worth?:shrug:

GL on your plays, hope they win this weekend:com:

Franky

 

[hammer1]

I have the same problem with a vehichle..

I have the same problem with a vehichle..

Almost all cars similar to mine are for sale between 5 and $6000 on Auto Trader and Cars.com.
The car was in an accident. They are offering me $4000m salvage and $3000 to repair. The stickler is the air bag that sup costs $2500.

I am now in arbitration and their appraiser said its worth $2500. The car is the most stolen car in America and Ive had standing offers of $5000 on it for years. People drop racing engines in this car and resales for it go as high as $15 $16,000.
What other recourse do i have other than going to small claims. The Ins co told me they do not have to pay me replacement value. ITS SF if that helps.

 

[Nole]

Found 'em. Rat bastards! It's the guy in the white shirt.

Seriously, sorry Scott. I hope you get the amount you're looking for.

nole

 

[Agent 0659]

As far as the claim goes, you're fu cked...

Can't believe you weren't lurking around with one of your 30 or so pistols protecting your car!!

See what this country has come to! You let your guard down for 1 second and.....

 

[MadJack]

what happens in the case where you still owe money on the car and you owe more than what it's worth (according to THEM)?

just curious

 

[BADTODABONE]

you owe unless you have 'gap ins.' which would pay the 'gap'

 

[vinnie]

As far as the claim goes, you're fu cked...

Can't believe you weren't lurking around with one of your 30 or so pistols protecting your car!!

See what this country has come to! You let your guard down for 1 second and.....

:mj07:

 

[Agent 0659]

Jack,


You buy what is called GAP insurance from the dealer which is extremely overpriced and full of small print and have it included in your loan (BS)

ORRRRRRRRRRR you get a good Agent like me who can put a very inexpensive endorsment on your policy and make sure you are covered.
:SIB

 

[THE KOD]

As far as the claim goes, you're fu cked...

Can't believe you weren't lurking around with one of your 30 or so pistols protecting your car!!

See what this country has come to! You let your guard down for 1 second and.....

..........................................................

Agent

You know over the years I have offered many many posts with helpful advice to people in here expecting nothing in return.

This is the first time I have ever asked a serious question to the forum and you with a background in this , have to smart ass it.

I think kniefl is right about you. You stupid pric.

PS - If you shoot someone over property you go to jail . Dumb ass.

 

[THE KOD]

How much can a 2000 GEO be worth?:shrug:

GL on your plays, hope they win this weekend:com:

Franky

............................................................

Its better to keep your mouth shut about something you know nothing about. :nono: :sadwave:

I think you secretly play every game I post
anyways.

 

[BADTODABONE]

Jack,


GAP insurance from the dealer which is extremely overpriced and full of small print and have it included in your loan (BS)
:SIB

It, GAP INS., is regulated in some[/B ]states, it was in TX. Several times I saw it payoff with 0% loans and trades 'upside down'....

 

[bsucards]

..........................................................

Agent

You know over the years I have offered many many posts with helpful advice to people in here expecting nothing in return.

This is the first time I have ever asked a serious question to the forum and you with a background in this , have to smart ass it.

I think kniefl is right about you. You stupid pric.

PS - If you shoot someone over property you go to jail . Dumb ass.

This has to be the post of the year at least regarding Agent

 

[fatdaddycool]

This has to be the post of the year period............


Scott chastizing (sp?) for being a smart ass.........now thats rich..............that would be like me bitching because someone called me opinionated.

 

[THE KOD]

Scott chastizing (sp?) for being a smart ass.........now thats rich..............that would be like me bitching because someone called me opinionated.

.............................................................

fatdaddy

I always thought that you were the smart ass
and I was the one opinionated.

I am just bummed out about the prospect of taking 3 grand loss from what I could have sold it for.