How to work with Insurance Company regarding ACV and salvage buy back?

How to work with Insurance Company regarding ACV and salvage buy back?

Here is my situation: I recently crashed my 2003 350z and my insurance company just deemed it a total loss. My original plan was to accept the total loss and buy back the car to repair it myself and get a salvage(rebuilt) title. Today, I received a call from my claim rep with Progressive Ins with the numbers regarding the accident. Here are the numbers in approximation as I’m awaiting a breakdown via email. Car Value(tax, registration, etc):$12,400 Deductible:$1,000 Lien Payoff:$8,250 Settlement amount(check to me):$3,170 I requested to purchase the car back to repair myself, and my agent advised: I would need to first pay down my lien by about $2,250. Once the payment posted, they would then complete the payoff of the lien and I would be able to get my car back. So, basically, they are wanting over $5,000 for me to purchase this car back, which is over 40% of the car’s value. I feel this number is a little high and originally expected to be able to at least have the lien and deductible paid, and just receive the car back with little or no cash in addition to the car. After hearing this information, I became frustrated and let the rep know that I would need to think about how I wanted to continue. After doing some research online, I was able to locate where the car was(never advised). The car was towed directly to an Insurance Auction company in Phoenix, AZ. While looking for information regarding this company, I was actually able to locate my car on their web site ready for auction with a start date of TBD, awaiting certificate. This was posted on their site yesterday, a day before I received any information regarding my claim. As mentioned, this was declared a total loss and I was able to obtain the repair summary, and every part listed on their paperwork was highly overpriced based off my part research. Their web site also stated that the car did not start, but since the accident on last Thursday, 03/15/2012 and every single day following, I started the car and it started without a hitch, even on Monday, when I left the key in the car for the tow company to get the car. The car also has a lot of aftermarket(performance) parts installed on the vehicle. So, how would I find out if the value of the car included these parts in there figures? If it wasn’t figured into the pricing, or the payout amount for the premium parts is not very much, I can opt to remove and replace these parts with stock or acceptable parts. For instance, I have a cold air intake, full adjustable coil over suspension with camber kits, (4) Work Wheels and Nitto Invo tires, full cat-back single exit exhaust, and premium sound system. Obviously, if these were not figured in to the pricing, how would I go about adding these, or would it be better to just remove and replace these with stock or acceptable replacements? Is there anyway to get the buy back price down? Or if that is not an option, would my additional GAP coverage work in paying the $2,200 to the lien holder so I could buy back the vehicle within the limits of their settlement offer? Regarding the starting of the vehicle, like I mentioned, it was fired up everyday until it was towed, and now it states that it doesn’t start? How would one go about investigating this? Is it worth it to try and hire a third party appraiser and/or mechanic to price out the repair and the worth of the vehicle in it’s current state with all the parts? I understand the reasoning behind totaling the car, but I don’t quite understand their valuing of the car, and the amount they want me to pay to buy back the vehicle? How should I move forward, who should I contact, and what would be the best plan of action in this situation? I’m thinking that removing the aftermarket parts and replacing them with oem or acceptable replacements would be the first step, as I would make more money on selling the parts private party than having them remain on the car with the current values. I’m very stressed out and I’m really unsure on how to move forward with my Insurance company. I understand that they are trying to pay out as little as possible, but it’s my insurance company who claim to be on my side. The value of the car they provided would be acceptable with the car was bone stock, but it’s not. Can anyone please help me with this situation? It would be greatly appreciated and any advice would help greatly! I should also note that I also had a total loss last year with the same Insurance company and it was handled very differently. The car was taken to an actual reputable body shop for the appraisal, and the value of the car was higher than blue book and also had aftermarket parts. This was an 2006 Ford Focus ST (SAP) with 73,000 miles. They even offered the buy back option at 20% of the ACV, and with my current 03 350Z, they want over 40% of the ACV for the buy back. PLEASE HELP Thanks!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


RELATED:

If I have purchased a piece of property that had flood insurance, is the policy transferrable?

The property was purchased from an individual who is toting the note for me…and he has a policy already….I would like to transfer it into my name since flooding is imminent and I don’t want him to get the check and not fix my home! Someone told me that all I had to do was go down to the insurance agency w/ the papers that show that I am the new owner and that they will transfer the policy over. Is this true? I don’t want to end up screwed!


Open container citation, will my insurance go up?

i got cited for an open container while parked in my car, im 18, and im in california, and my insurance is all state, how much will it go up??and how much will i be fined for an open container?


Car insurance?

see thanks for telling me that BUT i recently had four endorsements removed. these endorsements were four years old? however i am now allowed to say they are no longer present BUT the question asks about the past % years? so here is the contradiction minor endorsements stay for 3 years plus one before removal and once 4 years are done they are removed and you DONT have to declare BUT if a DR 10 is on and its past the 5 year question you do??? CONFUSING


Insurance company wants to total my car/not insure it.?

So my dad rear ended someone really softly, but it was a truck that he rear ended with a hitch or something that damaged the grill and the bumper. Problem is, I put a total of $2700 to have transmission replaced and the engine repaired after the timing belt broke and caused damage over the last 2-3 months. It is a 2004 dodge neon and the body to these things are flimsy to begin with. I’m taking it in Monday to get it looked at better, but they said from what they could see it might be a total loss. Which means its only gonna be worth” $2000. they said they have to replace the hood

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

I am having trouble understanding the different types of Life Insurance.?

My husbavd and I have been married for 5 years.I have started looking into life insurance now that we are on our feet. I am SO confused about term life insurance and non” term life insurance. My husband doesn’t want to deal with it because he “doesn’t believe” in it. I am under the impression that life insurance helps to cover funeral costs and some of the other expenses that the spouse had prior to death. I have looked all over the internet and seem to get more confused as I try to piece this together. Can anyone tell me what I should be considering when researching policies?”


Do I qualify for low cost Health Insurance?

I’m under 21 & still living at home. I live at home with my mother & sibling. My mother can’t afford insurance through her work beings it’ll be almost 1/3 of her paycheck a month. I work part time as a waitress making under 5,000 a year for now as I look for a full time job. So my question is: Do I qualify for any type of low cost health insurance to cover just myself? I’ve tried looking on sites like health .gov but because my mom has insurance available through her work it’s basically saying i’m screwed out of insurance of my own. I need all 4 wisdom teeth pulled asap, as well as basic medical check ups & such that I can’t afford on my waitressing salary. I really need all the help I can get. Please answer. & no, my job doesn’t provide any insurance.


Life insurance policy instead of a whole life, universal, or variable life insurance. What are the difference?

in 150 word


How to work with Insurance Company regarding ACV and salvage buy back?

Here is my situation: I recently crashed my 2003 350z and my insurance company just deemed it a total loss. My original plan was to accept the total loss and buy back the car to repair it myself and get a salvage(rebuilt) title. Today, I received a call from my claim rep with Progressive Ins with the numbers regarding the accident. Here are the numbers in approximation as I’m awaiting a breakdown via email. Car Value(tax, registration, etc):$12,400 Deductible:$1,000 Lien Payoff:$8,250 Settlement amount(check to me):$3,170 I requested to purchase the car back to repair myself, and my agent advised: I would need to first pay down my lien by about $2,250. Once the payment posted, they would then complete the payoff of the lien and I would be able to get my car back. So, basically, they are wanting over $5,000 for me to purchase this car back, which is over 40% of the car’s value. I feel this number is a little high and originally expected to be able to at least have the lien and deductible paid, and just receive the car back with little or no cash in addition to the car. After hearing this information, I became frustrated and let the rep know that I would need to think about how I wanted to continue. After doing some research online, I was able to locate where the car was(never advised). The car was towed directly to an Insurance Auction company in Phoenix, AZ. While looking for information regarding this company, I was actually able to locate my car on their web site ready for auction with a start date of TBD, awaiting certificate. This was posted on their site yesterday, a day before I received any information regarding my claim. As mentioned, this was declared a total loss and I was able to obtain the repair summary, and every part listed on their paperwork was highly overpriced based off my part research. Their web site also stated that the car did not start, but since the accident on last Thursday, 03/15/2012 and every single day following, I started the car and it started without a hitch, even on Monday, when I left the key in the car for the tow company to get the car. The car also has a lot of aftermarket(performance) parts installed on the vehicle. So, how would I find out if the value of the car included these parts in there figures? If it wasn’t figured into the pricing, or the payout amount for the premium parts is not very much, I can opt to remove and replace these parts with stock or acceptable parts. For instance, I have a cold air intake, full adjustable coil over suspension with camber kits, (4) Work Wheels and Nitto Invo tires, full cat-back single exit exhaust, and premium sound system. Obviously, if these were not figured in to the pricing, how would I go about adding these, or would it be better to just remove and replace these with stock or acceptable replacements? Is there anyway to get the buy back price down? Or if that is not an option, would my additional GAP coverage work in paying the $2,200 to the lien holder so I could buy back the vehicle within the limits of their settlement offer? Regarding the starting of the vehicle, like I mentioned, it was fired up everyday until it was towed, and now it states that it doesn’t start? How would one go about investigating this? Is it worth it to try and hire a third party appraiser and/or mechanic to price out the repair and the worth of the vehicle in it’s current state with all the parts? I understand the reasoning behind totaling the car, but I don’t quite understand their valuing of the car, and the amount they want me to pay to buy back the vehicle? How should I move forward, who should I contact, and what would be the best plan of action in this situation? I’m thinking that removing the aftermarket parts and replacing them with oem or acceptable replacements would be the first step, as I would make more money on selling the parts private party than having them remain on the car with the current values. I’m very stressed out and I’m really unsure on how to move forward with my Insurance company. I understand that they are trying to pay out as little as possible, but it’s my insurance company who claim to be on my side. The value of the car they provided would be acceptable with the car was bone stock, but it’s not. Can anyone please help me with this situation? It would be greatly appreciated and any advice would help greatly! I should also note that I also had a total loss last year with the same Insurance company and it was handled very differently. The car was taken to an actual reputable body shop for the appraisal, and the value of the car was higher than blue book and also had aftermarket parts. This was an 2006 Ford Focus ST (SAP) with 73,000 miles. They even offered the buy back option at 20% of the ACV, and with my current 03 350Z, they want over 40% of the ACV for the buy back. PLEASE HELP Thanks!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


1994 camaro z28????~~~?? insurance lol?

how bad is it on insurance im 16 turning 17 in april online it said it wouldn’t be that bad but what is y’all experience with it? thanks i appreciate it very much! its a automatic and im not gonna say it has mods.. so please let me know.. thanks im just gonna have comprehensive =] thanks Again


How much would car insurance be for a 17 year old guy?

i live in the chicago suburbs and wanted to know how much car insurance would cost if i got a car, either something like a ford probe or eagle talon in the 93-97 year range(definetly a 2 door car though). i don’t know either to open it on my own or ad onto my parents. i know that adding on to my parents would be cheaper but they don’t exactly want to add another car at the moment but im ready to get my own car, so how much would it cost to open my own policy? i honestly know little to none about car insurance so please help. Also, don’t tell me to just wait till my parents are ready please cause thats not the question i just want some prices for the insurance please. thanks!


Car Rental Insurance?

What happens if you rent a car and decline any coverage? I was told that if you were involed in an accident you would have to make a claim with your own insurance company. What if you don’t own a car and thus don’t have an insurance company? Are there limits to the amount of responsibility of the renter? I mean if the car is totaled does the renter really have to replace the entire cost of the car out of his pocket as well as damage to the other car and injury to it’s occupants? I know i’m not alone in declining insurance. But if I got into an accident I always assumed I would just be responsible for a deductable and not the total amout of damage to the cars and injuries. Serious answers only. I really don’t need to hear yes


Health insurance?

hi! i have a friend who is moving to California to work. She is curious if employers offer health care to employees or give health care for free? i know health care is expensive. Does every employer provide health care to its employees? Thanks


Will Insurance Replace the entire fence?

Hello, We recently had SEVERE storms with winds in excess of 100 miles per hour. 1/3 of my back yard fence was blown down and even the posts were snapped in half. My question is does Homeowners Insurance replace (or god forbid repair) just that 1/3 of my fence? or will they replace the entire fence as replacing just one portion of it will make it look odd. Thanks in advance for your answers!


What’s the best life Insurance place to go to that’s good/ Cheap with high cover but also good for a smoker?

What’s the best life Insurance place to go to that’s good/ Cheap with high cover but also good for a smoker?


How can I get medical insurance if I have a history of pancreatitis?

I’ve never had medical insurance b/c I’ve never had a reason too. Never had any major sickness before now, never a broken bone and never sprained anything. My pancreas suddenly became inflamed. It wasn’t caused by drinking, I hate the stuff! I believe it was caused by smoking. I’ve had a few episodes of pancreatitis and was hospitalized once in which it cost an arm and a leg. Should have went to the hospital this last time, but I was so scared of the extra costs. Your pancreas is a major organ. You can’t live without it. Am I going to just have to grin and bare it and leave a debt to my family when I die?! I tried applying for the discount but I wasn’t eligible b/c I don’t have a job. I haven’t had one in 4 years. What are you to do. No insurance company will accept me due to the medical problems. I’m scared of what I’ll be charged, but even more scared of the pancreas killing me.


Car insurance rate 2 driver 2 car under one policy?

Is there such a thing as the main policy holder? From my understanding is that there will be 1 person who is the main policy holder and the discount usually applies to that 1 person. So if i am the dependent holder I won’t benefit the discount if I go solo on a new policy with the same insurance company.


How to work with Insurance Company regarding ACV and salvage buy back?

Here is my situation: I recently crashed my 2003 350z and my insurance company just deemed it a total loss. My original plan was to accept the total loss and buy back the car to repair it myself and get a salvage(rebuilt) title. Today, I received a call from my claim rep with Progressive Ins with the numbers regarding the accident. Here are the numbers in approximation as I’m awaiting a breakdown via email. Car Value(tax, registration, etc):$12,400 Deductible:$1,000 Lien Payoff:$8,250 Settlement amount(check to me):$3,170 I requested to purchase the car back to repair myself, and my agent advised: I would need to first pay down my lien by about $2,250. Once the payment posted, they would then complete the payoff of the lien and I would be able to get my car back. So, basically, they are wanting over $5,000 for me to purchase this car back, which is over 40% of the car’s value. I feel this number is a little high and originally expected to be able to at least have the lien and deductible paid, and just receive the car back with little or no cash in addition to the car. After hearing this information, I became frustrated and let the rep know that I would need to think about how I wanted to continue. After doing some research online, I was able to locate where the car was(never advised). The car was towed directly to an Insurance Auction company in Phoenix, AZ. While looking for information regarding this company, I was actually able to locate my car on their web site ready for auction with a start date of TBD, awaiting certificate. This was posted on their site yesterday, a day before I received any information regarding my claim. As mentioned, this was declared a total loss and I was able to obtain the repair summary, and every part listed on their paperwork was highly overpriced based off my part research. Their web site also stated that the car did not start, but since the accident on last Thursday, 03/15/2012 and every single day following, I started the car and it started without a hitch, even on Monday, when I left the key in the car for the tow company to get the car. The car also has a lot of aftermarket(performance) parts installed on the vehicle. So, how would I find out if the value of the car included these parts in there figures? If it wasn’t figured into the pricing, or the payout amount for the premium parts is not very much, I can opt to remove and replace these parts with stock or acceptable parts. For instance, I have a cold air intake, full adjustable coil over suspension with camber kits, (4) Work Wheels and Nitto Invo tires, full cat-back single exit exhaust, and premium sound system. Obviously, if these were not figured in to the pricing, how would I go about adding these, or would it be better to just remove and replace these with stock or acceptable replacements? Is there anyway to get the buy back price down? Or if that is not an option, would my additional GAP coverage work in paying the $2,200 to the lien holder so I could buy back the vehicle within the limits of their settlement offer? Regarding the starting of the vehicle, like I mentioned, it was fired up everyday until it was towed, and now it states that it doesn’t start? How would one go about investigating this? Is it worth it to try and hire a third party appraiser and/or mechanic to price out the repair and the worth of the vehicle in it’s current state with all the parts? I understand the reasoning behind totaling the car, but I don’t quite understand their valuing of the car, and the amount they want me to pay to buy back the vehicle? How should I move forward, who should I contact, and what would be the best plan of action in this situation? I’m thinking that removing the aftermarket parts and replacing them with oem or acceptable replacements would be the first step, as I would make more money on selling the parts private party than having them remain on the car with the current values. I’m very stressed out and I’m really unsure on how to move forward with my Insurance company. I understand that they are trying to pay out as little as possible, but it’s my insurance company who claim to be on my side. The value of the car they provided would be acceptable with the car was bone stock, but it’s not. Can anyone please help me with this situation? It would be greatly appreciated and any advice would help greatly! I should also note that I also had a total loss last year with the same Insurance company and it was handled very differently. The car was taken to an actual reputable body shop for the appraisal, and the value of the car was higher than blue book and also had aftermarket parts. This was an 2006 Ford Focus ST (SAP) with 73,000 miles. They even offered the buy back option at 20% of the ACV, and with my current 03 350Z, they want over 40% of the ACV for the buy back. PLEASE HELP Thanks!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Why is Health insurance so expensive for families?

We have Great insurance. It covers Doctor visits, 100 percent of Hospital bills, Ambulance, Maternity, Pre Natal,Labor and delivery, NICU, Medicines, Mental health..Everything and we have no Deductible and only a 30 dollar co-pay. But the Good thing is, as a Family plan of 500 dollars a month, We can have as many kids as we want and not pay extra…I still think it’s expensive.


Why do some people choose to purchase very low auto insurance limits and high deductibles and then they are shocked when an accident comes?

I ask because I have a friend that works for a major auto insurance company and she always has the best stories about inadequate insurance. She says people always want to play the victim and plead for help after an accident when they notice their low coverage limits. Why cant people understand that you pay for what you get.If you choose lower limits and higher deductibles, then it will come back on you eventually. I personally do not think it is worth it to pay $25 less a month in my case, to have state minimum coverage and $500 or more deductibles. I currently have $250 coll /$100 comp/$250 under/uninsured for my deductibles and 100/300/100 for liability. I chose these amounts because I want to be covered in every way financially in an at fault or non fault accident. Why pay for insurance if you will not use it and put yourself in a financial bind? (I am speaking about people who are not financially able to afford to pay out of the pocket after an accident much money on any given day) All opinions are welcome!


How much would getting a motorcycle and insurance cost?

I want to get the Suzuki SV650SF ABS and possibly Geico insurance, and I am a female. How much would that roughly cost??? and is Geico a good insurance company? If not, then what are some other good insurance companies and how much would that cost. (oh, and I would be 16 until i get the motorcycle, so it would be first vehicle)


How can i get disability insurance?

I think i need disability insurance for wife because she is disable through accident.


How much does a full cover car insurance cost in north caroline ?

trying to move to NC but want to know about the price of a nissan altima 2005 4 door , the price for a full cover on my car how much would it cost me > I have it lease anyone knows ????


Kawasaki Ninja 500R insurance?

Dose any one know how much the insurance would be on a Kawasaki Ninja 500R for someone that is about 18 with no accidents, or speeding tickets and good-ish grades?


Mercury insurance teen driver rates?

hi i am 16 and i just got my permit. i was wondering, do u need insurence when driving with a permit? also how much are mercury insurance teen driver rates (estimate $$) because thts what my mom has as insurace. please if anybody has any idea what the rates are or if there are specials for teenagers? thank you :] sarah


Where can I find salvage motorcycles directly from the insurance company?

I’m interested in purchasing cheap parts bikes directly from the insurance companies after a wreck. I am mostly interested in Harleys and I don’t have any interest in these gimmicky websites where you pay a fee and there are not a lot of bikes. I’ve looked at ebay but these are usually bikes being sold from the person” who bought it from the insurance company (ie premium). There are some public auto auctions

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Why does car insurance go up if you have a 4-wheel drive?

I am thinking about getting a 2001 Jeep Grand Cherokee 4×4. My car recently broke down and it was a 2000 Chevy Suburban. My parents don’t really want to get me the Jeep with 4×4 because they said the price of insurance would go way up. I want to know why is this and about how much would it go up?


Luxury cars with easy maintenance?

Ill be getting my license soon and I will be getting a car right away. My dad has a Honda accord


Is £39.56 pounds every month good scooter insurance?

hey guys i have a yamaha maxter 125cc scooter but i cant get cheap insurance :/ the lowest one is 39.56 do you think i can get cheaper? am 19 am in london please suggest cheaper companys


Is Humana Health Insurance free?

Is Humana Health Insurance free?



BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Still waiting to hear from car insurance if car is a write off?

its been a week since this guy hit me from behind. he was 100% at fault. how long do i have to wait to find out if my car was a write off? the car is fixable and i need to know how much to fix? want my car back!!!!!


How to work with Insurance Company regarding ACV and salvage buy back?

Here is my situation: I recently crashed my 2003 350z and my insurance company just deemed it a total loss. My original plan was to accept the total loss and buy back the car to repair it myself and get a salvage(rebuilt) title. Today, I received a call from my claim rep with Progressive Ins with the numbers regarding the accident. Here are the numbers in approximation as I’m awaiting a breakdown via email. Car Value(tax, registration, etc):$12,400 Deductible:$1,000 Lien Payoff:$8,250 Settlement amount(check to me):$3,170 I requested to purchase the car back to repair myself, and my agent advised: I would need to first pay down my lien by about $2,250. Once the payment posted, they would then complete the payoff of the lien and I would be able to get my car back. So, basically, they are wanting over $5,000 for me to purchase this car back, which is over 40% of the car’s value. I feel this number is a little high and originally expected to be able to at least have the lien and deductible paid, and just receive the car back with little or no cash in addition to the car. After hearing this information, I became frustrated and let the rep know that I would need to think about how I wanted to continue. After doing some research online, I was able to locate where the car was(never advised). The car was towed directly to an Insurance Auction company in Phoenix, AZ. While looking for information regarding this company, I was actually able to locate my car on their web site ready for auction with a start date of TBD, awaiting certificate. This was posted on their site yesterday, a day before I received any information regarding my claim. As mentioned, this was declared a total loss and I was able to obtain the repair summary, and every part listed on their paperwork was highly overpriced based off my part research. Their web site also stated that the car did not start, but since the accident on last Thursday, 03/15/2012 and every single day following, I started the car and it started without a hitch, even on Monday, when I left the key in the car for the tow company to get the car. The car also has a lot of aftermarket(performance) parts installed on the vehicle. So, how would I find out if the value of the car included these parts in there figures? If it wasn’t figured into the pricing, or the payout amount for the premium parts is not very much, I can opt to remove and replace these parts with stock or acceptable parts. For instance, I have a cold air intake, full adjustable coil over suspension with camber kits, (4) Work Wheels and Nitto Invo tires, full cat-back single exit exhaust, and premium sound system. Obviously, if these were not figured in to the pricing, how would I go about adding these, or would it be better to just remove and replace these with stock or acceptable replacements? Is there anyway to get the buy back price down? Or if that is not an option, would my additional GAP coverage work in paying the $2,200 to the lien holder so I could buy back the vehicle within the limits of their settlement offer? Regarding the starting of the vehicle, like I mentioned, it was fired up everyday until it was towed, and now it states that it doesn’t start? How would one go about investigating this? Is it worth it to try and hire a third party appraiser and/or mechanic to price out the repair and the worth of the vehicle in it’s current state with all the parts? I understand the reasoning behind totaling the car, but I don’t quite understand their valuing of the car, and the amount they want me to pay to buy back the vehicle? How should I move forward, who should I contact, and what would be the best plan of action in this situation? I’m thinking that removing the aftermarket parts and replacing them with oem or acceptable replacements would be the first step, as I would make more money on selling the parts private party than having them remain on the car with the current values. I’m very stressed out and I’m really unsure on how to move forward with my Insurance company. I understand that they are trying to pay out as little as possible, but it’s my insurance company who claim to be on my side. The value of the car they provided would be acceptable with the car was bone stock, but i