Both my wife and I have had State Farm since we've been drivers.
Both of us are rather pleased with the agents and the company as a whole.
Where keeping them. We feel that they have really taken car of us
thoughout this ordeal. This experience has been rather intersting and
informative though. The whole process and all the differnet
people/companies involved, we've learned a lot. From the companies and the
folks here on the list.
--
We got told yesterday from the adjuster, the figure quoted:
$70 less than what the car was purchased a little over a year ago!
Now we have to buy ANOTHER car. My wife won't go for a Healey 3000. :(
We'll end up with something not quite as equal, but hey, better nothing.
We are quite happy with how this all turned out. We were really afraid we
were going to get taken, As many people have. I think the A.G. is keeing
insurance companies on the straight and narrow these days.
--
My thanks to everyone,
Q
At 08:12 AM 12/11/97 -0500, g.gable wrote:
>I had a similar experience with Royal Insurance. Rather than total the car
>which they originally told me the adjuster made a deal with a buddy, a
>Buick agency, on a Sunday (probably on the golf course) to repair the car.
>I got back a poorly fixed up car with numerous pieces missing or not
>repaired (including an Engine Mount Bolt) and was told by Royal, they
>couldn't understand why I wasn't satisfied. I did the only thing our
>market allows, changed insurance companies. Much happier.
>Gerry
>
>----------
>> From: Jay Quinn <jpquinn@cyberramp.net>
>> To: ctp <ctp@ctpdesign.com>; mgs@autox.team.net; healeys@autox.team.net;
>british-cars@autox.team.net; spridgets@autox.team.net
>> Subject: Re: Insurance Info...Please Read!!
>> Date: Wednesday, December 10, 1997 9:41 AM
>>
>> Well, the Insurance told us the other day that the car IS totaled.
>>
>> From what I understand from several people on this list, as well as
>people
>> around where I work, this is a very common practice with Insurance
>> companies. What else , right?
>>
>> It's their job to collect premiums, not give any money out. So when it
>> comes to that time, they keep the purse strings pretty tight.
>>
>> We have armed ourselves with Consumer Reports Used car prices, Newspapers
>> car ads, Dealership quotes, Pace used car reports, and Edmunds.
>>
>> Our policy is full replacement value. That means, what ever our car was
>> worth at the time of theft, is what we get. AND, not to forget to
>include
>> the TTL figure to be added to what the car was worth, over and above. In
>> theory, we get all the money it will take to buy an exactly copy of the
>car
>> we had from a dealer, once again.
>>
>> Now having said that, thats the tough part when dealing with insurance
>> companies. They have't met my wife yet. :)
>>
>> We simply won't take anything until they live up to the letter of their
>> policy. Full Replacement Value. We have done an extensive amount of
>> homework on that car. This means we will have a car picked out
>indenticle
>> to what we had on a lot with it's price tag matching what we had stolen.
>> We have found a couple real close, but we are still looking. Having done
>> that and armed with written documentation of many other used cars
>prices...
>> They will have to live up to it, or we don't accept.
>>
>> This has been one big pain in the ass.
>>
>> Car insurance has got to be the dirtiest business, just below used car
>> salesman.
>>
>> Q
>>
>> At 09:50 PM 12/9/97 +0100, ctp wrote:
>> >Jay,
>> >
>> >Your insurance company may, and probably will, offer you a ridiculously
>> >low amount of money as if that's your only choice. Don't take it if
>it's
>> >not right!!
>> >
>> >I had a perfect diesel Rabbit. Straight, excellent paint, 5 speed, AC,
>> >regular dealer service, you could have eaten off the engine. I bought
>it
>> >from the original owner for the bargain price of $1300. Then, someone
>> >drove into it while it was parked and totalled it.
>> >
>> >My insurance company (State Farm) called me with 'great news'. My claim
>
>> >person said she talked to her boss and even got me a little more than
>> >normal. I thought, "wow, I can go get another one as nice".
>> >
>> >That's when reality hit. She said, "we can give you $650"...$650?!?!?!
>
>> >I couldn't even get a rolling chassis from a wrecker for $650!
>> >
>> >I pressed them until they gave me $1300, still too little to get another
>
>> >Rabbit nearly as nice.
>> >
>> >It wasn't until I had spoken with several other people that I figured it
>
>> >all out. The insurance companies we trust to take care of us when
>things
>> >go wrong, will offer us appalingly low offers because most people trust
>> >them and take that first offer. We have to remember that they are only
>> >in business TO MAKE MONEY!! THAT IS IT, PERIOD!!
>> >
>> >Remember also, your agent is often not very connected to your claim
>> >adjuster. If you aren't happy with the offer, tell your agent. Let
>them
>> >know that you have a lot of choices for your insurance, but you chose
>> >them for a reason. It's your agent's job to get and keep your business,
>
>> >it's your claim adjusters job to write AS SMALL A CHECK AS POSSIBLE.
>> >Your agent sometimes will call the adjusters office. Mine did, and I
>got
>> >my money.
>> >
>> >Hope this helps everyone, especially LBC owners,
>> >
>> >Christopher Palmer
>> >
>> >ps - also, ask your agent if they will give you agreed price coverage.
>A
>> >Spridget Mk2 or 3 tops out in the books at around $5000. When was the
>> >last time you tried to buy a 100 point Spridget for $5000?? I've got
>> >more than that in my Midget, and it's not even close to being showable
>> >yet.
>> >I told my agent I wanted $7500 dollars Coll/Comp, and got it. If it
>ever
>> >got totalled I know I could replace what I have.
>> >
>> >
>> --
>> Jay Quinn - Business Systems Analyst
>> Personal Email: jpquinn@cyberramp.net
>> Work Email: jay_quinn@bcbstx.com
>> 2 Way Pager Email: 9120238@skytel.com
>> http://www.cyberramp.net/~jpquinn/index.htm
>>
>> 1962 Austin-Healey Sprite MKII HAN6L2874
>>
>
>
--
Jay Quinn - Business Systems Analyst
Personal Email: jpquinn@cyberramp.net
Work Email: jay_quinn@bcbstx.com
2 Way Pager Email: 9120238@skytel.com
http://www.cyberramp.net/~jpquinn/index.htm
1962 Austin-Healey Sprite MKII HAN6L2874
|