[Shotimes] Insurance claim: Looking for input.

[Carl Prochilo]

Interesting.  They used that line too.  In other words, performanc
upgrades don't mean anything to the value of the car, which goes against
common sense.  I could have made those upgrades whether they were needed
or not, so I perceive the car to have higher value because of these
enhancements.
-- 
Cheers,
Carl Prochilo
92 Ultra Red Crimson

On Wed, July 6, 2005 7:43 pm, Dave Pillsbury said:
> You can make the case for the Wheels and Tires the engine and brakes not
> so much. The insurance company is going to look at the engine as a
> replacement engine because the other one failed. and the brakes and just
> regular repairs. Get 3 estimates and get some comparable cars sold on
> the open market and send that back to them and make them pay for the
> full repair.
> Dave
>
> Carl Prochilo wrote:
>
>>The estimate to fix my car was $1825.  The insurance company of the party
>> at fault says that the value of my car is less than the repair costs so
>> they want to settle for $1499.  I don't know how they determined the
>> value, but I suspect most of it has to do with the mileage on the odo of
>> 215K.   Now, the car has several upgrades, and they are telling me these
>> have no bearing on the value of the car.  Is this true?  Is my logic
>> valid or should I just forget about it.  My letter back to them has
>> stated the following.
>>
>>b"	UPGRADE:  The replacement engine is an increased displacement one at
>> 3.2 litres (original was 3.0 litres).  It had 80,000 miles at time of
>> removal from donor car.  The original motor had 197,000 miles when it
>> failed.  Therefore the total mileage on the new motor is approximately
>> 98,000 miles.
>>b"	UPGRADE:  The front brakes work referred to below are another
>> performance upgrade.  These brakes are upgrade to the larger 12b brake
>> size used by later year SHOs.  In addition, steel braided brake lines
>> were installed.
>>b"	UPGRADE:  The car also has a new $1100 wheel/tire package upgrade from
>> discounttiredirect.com.
>>b"	Collectively, these items increase the value of this car.
>>
>>
>>====
>>Cheers,
>>Carl Prochilo
>>1992 Ultra Red Crimson