QUOTE(EnergyAnalyst @ Sep 17 2014, 09:58 AM)
hi There. Any 2 year old 2.0 owner renew your insurance coverage recently? mind telling me what is the value you have insured? with the dropping car prices of even 1.6 T , really wondering what could be FAIR value to insured....
The word FAIR dose not exist in the Inc industry. From my years of experience of paid premiums, made claims, I can say categorically, Inc Co always squeeze max. and pay min.
I negotiated 90K as value for my 2012 1.6THP when everyone was accepting 100K. But brand new 1.6THP is now $98K. Certainly even $90K is not a fair value for 2+ year 1.6THP. Frankly I don't know what is!
You have to do your own market research and negotiate a reasonable value. I can tell you even then the ball will be on their court. Don't just accept what they dish out. You have to play hard ball!
One factor is clear. When it comes to right off claim, Inc co will pay you the
lower of inc value or market value! You simply have no choice, thats how hard they play!
This post has been edited by SKYjack: Sep 17 2014, 12:05 PM