insurance, most profitable scam ever
Car is totaled out, that is the KBB value of the car in 'good' condition. I think it is fair, it is more than I could have sold it for.
Oh, if it's totalled I understand.
I had damage like that at the front of my car once, when someone pulled out of a junction right in front of me.
The car was less than one year old so the insurance company refused to write it off.
The garage that repaired it was chosen by the other idiot's insurance company and it took them months, all the while I had some shitty rental car. And one week after getting my car back, the gearbox collapsed while on the motorway. I got rid of it shortly after as I was sure the garage had just fucked the whole thing up.
Sounds like you got a decent deal though.
Car is totaled out, that is the KBB value of the car in 'good' condition. I think it is fair, it is more than I could have sold it for.
Bluebook value is bullshit. Just because your car's listed value is $7000, it doesn't mean you can find another one of the same quality at that price. Also, what if the owner of the damaged vehicle never had intention to sell it? Bluebook value just doesn't make up for all the hassle of replacing the damaged vehicle.
My family had a similar incident as yours with a family van a few years ago. The perp tried to pull the bluebook shit but we said we'd just let the cops/insurance handle it if they didn't give $1500 more than blueblook. He agreed because apparently he really didn't want those parties to become involved. Apparently he did some swap with the passenger to avoid unlicensed or alcohol related issues with the cops but some of my neighbors witnessed it.
7500 isn't bad, people usually sell for less than the kbb private party value for their cars. I'm guessing there was frame damage though with the car and that's why they just wrote the whole thing off.
On the bright side you could get a really nice used Miata or another convertible for 7500.
insurance, most profitable scam everYeah I can attest to these fuckers' greed first-hand thanks to work. It's absolutely nuts how much time and money they waste on subrogation investigations, surveillance, etc, particularly when it's clear as day that there is no fraud being committed and no one party is totally culpable. I mean I'm sure it's worth it for them, but it's still kinda depressing how much effort is put in. All the cliches are true
you got $7000 for that little bit of damage? I'm going to America and bashing my car in.
How much do cars cost there? I mean lets say a 10 year old Nissan Primera would cost €3000 here in Ireland, cheaper again in the UK, what would it be worth there?