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Need Help - CR Total Loss Appraisal

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S2000 CR Club Racer Edition CR stands for "club racer," conjuring up the good old days when guys drove their sports cars to the track, raced them, and then, if the racing gods were smiling, drove them home again

Need Help - CR Total Loss Appraisal

 
Old 02-12-2017, 01:57 PM
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Originally Posted by skafia View Post
Ouch. Glad you're okay. Your car was beautiful when I saw her a few months ago. I can share my bill of sale with you on my recent CR purchase if that'll help.
Thanks, I've sent you a PM.
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Old 02-15-2017, 05:33 PM
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Originally Posted by TheCarGuy2021 View Post

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.
What a joke. That's bordering on fraud.
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Old 02-17-2017, 07:08 AM
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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.
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Old 02-20-2017, 07:59 PM
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Who is your carrier?
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Old 02-21-2017, 06:16 AM
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Any update? who is your carrier? Currently have Geico and they also told me they will give me KBB or Nada price which is about only 27k for CR with 12k miles.
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Old 02-21-2017, 08:07 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
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Old 02-21-2017, 08:44 AM
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Originally Posted by TheCarGuy2021 View Post
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
Tell them flat out that they should buy it for you.
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Old 02-21-2017, 12:30 PM
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Originally Posted by freq View Post
Tell them flat out that they should buy it for you.
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Old 02-24-2017, 08:50 PM
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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.
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Old 02-28-2017, 09:01 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.
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