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Insurance Valuation

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Old 12-21-2010, 07:50 AM
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Originally Posted by bossy_01,Dec 21 2010, 04:36 PM
In a hyperthetical situation if said insurance compay was offering more than what I paid, would you A) take it and run or B) push for nearer to what it appears to be the cost to replace it. E.g 8-8.5k
The car worth what someone is prepared to pay for it. Be it what you paid or what the insurance are prepared to pay you for the loss.

If the insurers open the bidding above what you paid then you're up regardless. No harm pushing for more - they'll eventually squeal but at least you'll get more than it was worth

Don't be too much of a wise guy or they might just reach for the glasses guide
Old 12-21-2010, 10:17 AM
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Be even worse if they went for the "CAP" book, makes Glasses look generous.
Old 12-22-2010, 04:58 AM
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Reject what ever offers they make and haggle
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