Need Help - CR Total Loss Appraisal
02-12-2017, 12:57 PM
#11
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02-15-2017, 04:33 PM
#12
Anywho, I have the valuation details of the 12 cars the insurance company used to come up with a price. The average mileage of the vehicles they used is over 75,000 miles and 11 of the 12 vehicles they used are not even a CR, so that explains a lot. They also used a $0.0275/mile correction factor based on mileage, meaning a 50,000 mile difference (my CR has 24,000 miles) in value is only $1,375, which is all entirely laughable.
02-17-2017, 06:08 AM
#13
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They need to make you whole and they are not doing that. You should absolutely send them everything you can to prove your case including listing ebay auctions, auto trader links etc. In my experience it can take a while to get them to agree on a fair price. I had a similar problem when my non-CR with an OEM hardtop was totaled, they only added a few hundred extra for the hardtop and I had to send them a bunch of hardtop sales etc and spend a lot of time before they relented and upped the value of the car.
02-21-2017, 07:07 AM
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Ameriprise is my carrier. I sent them 7 examples of recently sold or currently for sale CRs, they are re-evaluating and will have another offer for me today. From there I'll decide whether or not to enact my appraisal claim.
This one just came up for sale locally, I'd actually buy it in a heartbeat if I was able to reach a settlement by now. Looks to be in similar condition to mine with only 9k more miles.
2008 Honda S2000 CR (1401) | SW2 Heritage Cars
This one just came up for sale locally, I'd actually buy it in a heartbeat if I was able to reach a settlement by now. Looks to be in similar condition to mine with only 9k more miles.
2008 Honda S2000 CR (1401) | SW2 Heritage Cars
02-21-2017, 07:44 AM
#17
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Ameriprise is my carrier. I sent them 7 examples of recently sold or currently for sale CRs, they are re-evaluating and will have another offer for me today. From there I'll decide whether or not to enact my appraisal claim.
This one just came up for sale locally, I'd actually buy it in a heartbeat if I was able to reach a settlement by now. Looks to be in similar condition to mine with only 9k more miles.
2008 Honda S2000 CR (1401) SW2 Heritage Cars
This one just came up for sale locally, I'd actually buy it in a heartbeat if I was able to reach a settlement by now. Looks to be in similar condition to mine with only 9k more miles.
2008 Honda S2000 CR (1401) SW2 Heritage Cars
02-24-2017, 07:50 PM
#19
You will likely have to have it professionally appraised and provide that information to the insurance company. $100 up front will save you a lot of headache. Should be easy to find someone here. If there's an option to buy the car back from insurance I may be interested in it.
02-28-2017, 08:01 AM
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Ameriprise hired a different company to do the second valuation and, ignoring my advice, made the same mistake in using 3 non CR S2000s for comparison. The offer did go up, but it's still far off. After one final call to the total loss manager this afternoon, I'll be enacting my appraisal clause and filing a bad faith practice complaint with the California insurance commissioner if we can't come to an immediate agreement. I've found an appraiser that knows the value of the S2000 CR (he's the appraiser for Honda Racing) who is confident we'll get what we think is fair.