Beware the Insurance-ator
#1
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Beware the Insurance-ator
Beware the Insurance-ator! They love our old cars because they get off cheap!! Nationwide just offered me $400 or we go to small claims court. Their policholder hit my 1983 TWICE and FLED. Broke tailight, dented rear fender, dented and jambed driver's door. They are saying the car can be fixed for $600 and that is more than 75% of it's value, therefore they only have to pay how much the damage has depreciated the salvage value. Watch out!
#2
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Re: Beware the Insurance-ator
It entirely depends on your personal insurance policy, but your insurer may be able to help you on this one. If you've got collision and/or an assessed value on the car, or just a plain good agent, they often act as your attorney as part of their services to you. Then they rake the other driver's insurance and/or the driver over the coals until your claim, deductible, and the expenses are all covered. I've had good luck this way with my company. Of course, all that stuff changes over state lines or national boundaries, too. Sometimes you can go after the driver personally to cover expenses not covered by their insurance or yours (e.g. deductibles or shortfalls like you're seeing). Sorry to hear about your Z getting damaged, good luck!
Dave
Dave
#3
Re: Beware the Insurance-ator
Take them to court!
Get a bunch of local classified ads on cars like yours and show them what they REALLY cost! You'll win, and they'll have to pay for the court fees in the end. It would help if you have pictures of how nice your car was before the accident. I can't belive they say a 280ZX is worth only $800. The KBB value is about $2800 even for a high milage car.
Get a bunch of local classified ads on cars like yours and show them what they REALLY cost! You'll win, and they'll have to pay for the court fees in the end. It would help if you have pictures of how nice your car was before the accident. I can't belive they say a 280ZX is worth only $800. The KBB value is about $2800 even for a high milage car.
#4
Nationwide sucks!
Hmmm.. I just went to http://www.kbb.com and put in "your" car. I said that it has 150,000 and is in good shape. The private party resale value is only $1,365. or $1600 in excellent condition. That is much lower than it is around here.
The trade-in value is $835 but that is not what they should base your claim on because you are not a dealer getting a trade-in!
The trade-in value is $835 but that is not what they should base your claim on because you are not a dealer getting a trade-in!
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