Well that sucks, lets try to change that. I hope you were not injured in the accident, insurance companies are sometimes difficult, always be polite, and do your best to be calm cool and collected. I checked nada guide and found 9,275 for your cobra, 7,600 is barely past clean trade in?
First type out a short letter, politely turn down the offer, and ask that you would like an independent appraisal , because you believe the price is lower than fair market value. thank you very much.use the nada guide as a reference, also go online to autotrader.com and check mustangs for sale in general, you can leave the search parameters open for all 50 states by putting your zip in the search box and leaving any distance as a search parameter as to the year type in 1999 twice. At this point just see how much they are asking for that year make and model by looking at the ads and seeing what people are asking for their car, remember though asking price, and selling price may differ. Once you get a general idea narrow the search to your state, and try to download some that support your claim .
If you have put any money into the car in the last six months, like a set of tires, rebuilt transmission, paint job, what ever, include a receipt, I know the insurance company claims that has no bearing, they can kiss my butt, any repairs recently count, please include a copy of receipts in your letter.
and do yourself a favor, type this out so it is easy to read. some insurance adjusters are s l o w .
another online source for pricing is Edmund's.com go online its free, and download and print pricing info from Edmund's too include in your letter. Next check Hemming motor news. www.hemmings.com this is a large online magazine with deep world wide roots in the old car world and has been around forever. go ahead and get some more pricing infor for that year mustang, and print the page with some prices that support your claim. you can also check craigslist, and your local paper for possible pricing info too.
This is what insurance companies do, believe it or not, is check and research all available pricing information within 100 miles of your address, so now you should have a polite letter that thanks gieco for ther attention to your claim, and that you regretfully cannot accept their offer at this time. because you have done research in auto trader, nade guide, hemmings motor news, Edmund's, etc etc, you would like an independent appraisal of your mustang, because you feel it fair market value is closer to say 9000 dollars. thank you very much I appreciate your time, sign it and date it
you do not have to include every price guide, just the ones you think best support your cars value.
Lets hope the adjuster has a better day when he gets this letter, all you can do is try? hang in their , be patient and wait and see ok?
( I actually painted faces and names on watermelons and other fruit of previous insurance and then after it was all over went up in the woods and shot watermelons for awhile. good luck.
remeber always, knowledge is power, by standing up for what is right, no one can take that from you, got it? I hope things go better next month, than they did last month.
Answered By: roger - 2/16/2011 |