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Thread: Is This the End?

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  1. #19
    Member Since
    Apr 2008
    Location
    2000 Foxfire Red Mica, 0555 (RIP) & 0717
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    6,229
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    Well guys the results are in. All of the salvage yards declined to bid, so the insurance company asked the auction house they use to do an internal assessment, which came back at $1400. That's a little higher than I had hoped but I won't argue that with them - I'll just ask for a few hundred more in the overall vehicle value than I had planned (this is almost the exact reverse of buying a car with a trade-in). What do you guys think? I need to give him an answer within the next few days.

    The adjuster also confirmed that my accessories / mods ARE COVERED under my policy (read your policy folks, it may come in handy someday) but that he is still waiting to get word back on whether he is supposed to pay ACV (actual cash value - essentially the total from my receipts) or depreciated value. He said he was almost certain it was ACV, which would be a nice chunk of extra change. Very happy to hear that.

    Last edited by vt_maverick : 10/31/2011 at 05:16 PM

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