Recent Topics
Fumoto Thanksgiving Sale 20% Off
by craigq
11/23/17 02:39 PM
Oreillys super start battery?
by ron350
11/23/17 02:28 PM
No Turkey this year
by Duffyjr
11/23/17 01:23 PM
Autolite 6607 C&P
by FordBroncoVWJeta
11/23/17 01:08 PM
Cleaned Intake Now Revs Are Limited
by cb450sc
11/23/17 11:50 AM
Napa Gold Cut open, W I D E pleat spacing
by 5AcresAndAFool
11/23/17 11:35 AM
API SN Plus Update?
by bigj_16
11/23/17 11:31 AM
EPC code/illumination on New VW Jetta
by thorromig
11/23/17 10:53 AM
New PP 5W30 DEXOS 1 Gen 2
by ChrisD46
11/23/17 10:48 AM
Goodyear Assurance Comfortred Touring
by reemoe2
11/23/17 10:35 AM
Detailed the XJ
by HoosierJeeper
11/23/17 10:35 AM
Walmart also has some stuff you Castrol users
by JohnnyJohnson
11/23/17 09:55 AM
So I rented a 2017 Charger R/T- my review
by MCompact
11/23/17 09:49 AM
PUP Ultra $19.98 Walmart
by knnaz392
11/23/17 09:47 AM
F250 Deceleration Stall
by dkryan
11/23/17 09:19 AM
Warming up to Pennzoil Ultra at Walmart
by JohnnyJohnson
11/23/17 09:13 AM
Failing Thermostat?
by Delta
11/23/17 09:08 AM
Hitch ball slides in and out.
by motor_oil_madman
11/23/17 08:55 AM
Castrol Edge 0W40 on sale at CTC this weekend.
by mightymousetech
11/23/17 08:41 AM
No Fumoto Oil Change - Never Again!
by gathermewool
11/23/17 08:19 AM
Newest Members
deckm00, Cblove91, CarGuy99, bobcat, Skier
63481 Registered Users
Who's Online
66 registered (AndyB, Backwoods41695, Bandito440, AandPDan, beanoil, 6 invisible), 1188 Guests and 15 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
63481 Members
66 Forums
274220 Topics
4558168 Posts

Max Online: 3590 @ 01/24/17 08:07 PM
Donate to BITOG
Topic Options
#4332017 - 02/17/17 01:12 PM Total loss info and ACV (actual cash value)
turtlevette Offline


Registered: 12/24/13
Posts: 3492
Loc: Massachusetts
How many have had their car totaled and got a CCC actual cash value report.

I'm curious how many comparable cars were listed.

Nothing about this CCC report is transparent. It's a secrete service that only insurance companies can access.
_________________________
USA-1

Top
#4332051 - 02/17/17 01:35 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Linctex Offline


Registered: 12/31/16
Posts: 3092
Loc: Waco, TX
When a kid pulled out in front of my classic motorcycle, the insurance company wanted to only pay like, $250 for it.

I had to take recent photos of it to three different motorcycle dealerships, and have someone sign an "affidavit of fair appraisal value" in order to get a (barely) fair payment for it. I then did buy it back from them for $75.

Top
#4332082 - 02/17/17 02:16 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
SirTanon Offline


Registered: 06/23/14
Posts: 1738
Loc: Phoenix, Arizona - USA
Years ago, when my Taurus was totaled, the insurance company hit me with a very under-valued ACV.. I ended up turning it around on them and listing EVERYTHING I had done to the car over the past 12 months - New tire, replaced A/C compressor and evaporator, etc.. they tacked on something like 60-80% of the cost of all that work to the payout and arrived at something more reasonable. I want to say it resulted in something like another $500 payout.

I then bought the car back from them for about $185, cleaned it up some, and sold it for $1100 to a guy who took it down to Mexico.
_________________________
2010 Ford Fusion SE - 2.5 liter/6F35 Trans - 243,500mi
2014 Nissan Altima SL - 2.5 liter/CVT - 46,000mi

Top
#4332142 - 02/17/17 03:15 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
SatinSilver Offline


Registered: 01/24/08
Posts: 8516
Loc: Ohio
Is this about the Trans Am that was damaged last April 2016? crzy

_________________________
2012 Toyota Camry 68k-PUP 5w20,OEM filter, RT43s.
2005 Toyota Matrix 122k miles - VWB 5w30 conv, Valvoline oil filter. Nokian eNTYRES.

Top
#4332143 - 02/17/17 03:15 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Rock_Hudstone Offline


Registered: 11/13/07
Posts: 1399
Loc: New Jersey
You can haggle with the ins cos over market value to point.

However, you need to have some of your own comps to back it up. That means going online and finding closely comparable models for sale in you area. Also mentioned any value added items your car might have such as a new set of tires. Sales tax and fees, if applicable, should also be included in the negotiated price.

Top
#4332163 - 02/17/17 03:33 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
DerbyDave Offline


Registered: 10/27/15
Posts: 185
Loc: KS
The insurance company can say whatever they want and produce all sorts of fancy confidential reports blah blah blah. but if I can't take the check and buy the same car with the same miles in the same condition with the same options at RETAIL not Craigslist or private party then the offer is no good. The point of insurance is to cover a loss and get you to same place you were pre accident. You may have to find your own comps though because the insurance company is not going to look real hard to find true comparables. They usually go off what they have been able to settle similar cases and start at the bottom.
_________________________
1997 Ford Taurus
2007 Honda Ridgeline
2003 Suzuki GZ250
1986 Suzuki Cavalcade
1975 Honda CB750 - Restoration Project
2014 Nissan LEAF (Gone)

Top
#4332215 - 02/17/17 04:49 PM Re: Total loss info and ACV (actual cash value) [Re: SatinSilver]
turtlevette Offline


Registered: 12/24/13
Posts: 3492
Loc: Massachusetts
Originally Posted By: SatinSilver
Is this about the Trans Am that was damaged last April 2016? crzy



Yes, This could drag out for another year. And the injury side a few more after that.

The CCC report that they prepared only had 2 comparables. A private owner in OK 1200 mi away and a small used dealer in PA 400 mi away. I've had no problem finding dozens of comps and actual special edition cars at that. The CCC program doesn't work correctly on old cars. It's not like they're 20% off they're 400% off.

Most examples of the CCC report have 12 comparable cars. That's what I'm trying to get a feel for.
_________________________
USA-1

Top
#4332356 - 02/17/17 07:28 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Johnny2Bad Offline


Registered: 05/20/13
Posts: 1455
Loc: Saskatchewan, Canada
Here you can demand they buy you an equivalent vehicle. That means the same or fewer miles and similar condition. If they can't find one, you can use internet serches etc of preious sales to determine the cash value.

You get what effort you put into it. Insurance companies are extremely experienced at this, they have spent millions on consumer psychology studies and training to their adjusters. You have to play hardball or they will just rape you. There is no such thing as too little evidence to support your position and there is no such thing as un-usuable evidence. A newspaper classified ad is useful. The key is don't expect one clipping; it's just like a lawsuit (in some respects, it is a lawsuit but not in court). ** Preponderance of Evidence ** ... a legal term for swamping them.

What I said first about "here you can demand they ..." is important. Keyword: Demand. If you just roll over, they will gladly rob you blind. They expect some clients will fight harder than others and they budget for those larger payouts. But they are happy with the majority who roll over and they pocket the cash themselves.

If the vehicle is important to you value-wise, get Agreed Value insurance. Then there is no argument. The value has to be supported by an appraisal, but the number is etched in stone.
_________________________
'57 FL Straight 50 wt
'90 Miata 1.8L w/Rotrex Supercharger [Mobil1 0W-40]
'96 Ram 1500 [3.7L Mobil1 0W-20 / 1L 15W-50]
'01 PT Cruiser [Mobil1 0W-40]

Top
#4332367 - 02/17/17 07:42 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
DuckRyder Offline


Registered: 10/20/05
Posts: 3725
Loc: Atlanta
It isnít unusual for a market valuation on a speciality vehicle to have one or two comparables, though admittedly I havenít seen a CCC evaluation in quite sometime...

CCC (http://www.cccis.com/) is an independent company that provides the reports, you should be able to get a copy of it.

Your best bet was to show why the comparables were not comparable but I think if you are in litigation that ship has likely sailed.

Well that and have a collector car policy with agreed value on it on your car if you thought it was a high value car...


Edited by DuckRyder (02/17/17 07:44 PM)
_________________________
Robert
  • 2007 Toyota Prius Touring
  • 2005 Honda Civic Sedan
  • 1972 Ford F100
  • 2012 Volkswagen Jetta TDi

Top
#4332368 - 02/17/17 07:42 PM Re: Total loss info and ACV (actual cash value) [Re: Johnny2Bad]
turtlevette Offline


Registered: 12/24/13
Posts: 3492
Loc: Massachusetts
The whole auto body repair industry is in tough shape because of insurance companies. They now have preferred shops that do things very cheaply. Legally, you can have your car repaired anywhere you want, but insurance may balk at their rates. You get left holding the bag for the difference.

The total loss thing underpays just about everyone with this rip off CCC computer program.

I'm playing as tough as I possibly can. Filed complaint against adjuster, filed lawsuit, and will be filing complaint against insurance company with the Dept of insurance. I've got a whole stack of comps that support un-totaling the car. And I'm going to get an appraisal even though I'll have to pay $200. I'll ask the judge to make insurance pay for it.
_________________________
USA-1

Top
#4332386 - 02/17/17 07:59 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Rand Offline


Registered: 08/20/03
Posts: 12081
Loc: NE,Ohio
CCC is a company that claims to be independent that the insurance companies use to screw you.

How independent can they be if they only work for insurance companies???

They tried every dirty trick in the book to try and low ball me with terrible CCC "comparable reports" that weren't even using comparable vehicles to mine.
_________________________
2017 Jeep Cherokee Trailhawk V6

Top
#4332484 - 02/17/17 10:07 PM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
69GTX Offline


Registered: 09/23/15
Posts: 3534
Loc: Connecticut
I've had a number of vehicles totaled....unfortunately. And same insurance company over 40 years. In all but one case their initial settlement was very fair or even more than I expected. In two cases, they offered as much or more than I had paid for the vehicles. The one time we argued for a month, we finally settled on an extra $200 which covered the brand new tires on the car. Never heard of CCC before today.
_________________________
----------------

2002 Lincoln Cont 4.6L DOHC/ 78K mi /PPlat 5w30/FUG XG2
1999 Camaro SS M6 /19K /Mobil 1 0w40 /Fram UG /GM MTL-ATF
1969 Ply GTX/RRs

Top
#4332535 - 02/18/17 01:09 AM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Blkstanger Offline


Registered: 08/13/11
Posts: 1734
Loc: Lakeside, CA
I totaled one of my Harleys years back. The first offer from my insurance was $11k. I provided local comps for bikes like mine. They settled for a $16k payout.
_________________________
99 Jeep GC 4.7 176,000 PHM 10w30, Fram Ultra.

Top
#4332539 - 02/18/17 01:29 AM Re: Total loss info and ACV (actual cash value) [Re: turtlevette]
Nick1994 Offline


Registered: 02/19/13
Posts: 8987
Loc: Phoenix, AZ
And this is for that Trans Am with the collapsed lifter, cracked engine block, and needed a new paint job anyways?
_________________________
2015 Hyundai Sonata 2.4L 68k M1 AFE 0w30 & OEM
2000 Toyota Camry 2.2L 227k M1 AFE 0w30 & Wix
1996 Jeep Cherokee 4.0L 144k Napa 10w30 & Fram Ultra

Top
#4332862 - 02/18/17 11:28 AM Re: Total loss info and ACV (actual cash value) [Re: Nick1994]
turtlevette Offline


Registered: 12/24/13
Posts: 3492
Loc: Massachusetts
Original paint is a plus when collecting cars. Original engines and transmissions are important. Cracks can be stitched. In perfect condition this car's NADA is almost six figures. I'm just trying to get enough to have it fixed properly.

Insurance underpayment/non payment is a widespread problem and getting worse as corporations moral compass weakens. You'll experience it eventually.




_________________________
USA-1

Top