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post #11 of 35 (permalink) Old 02-11-2009, 10:11 PM
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Originally Posted by BMW GUY View Post
It’s very simple Allstate Inc. is liable they insured that stolen car not the driver. So it doesn’t mater if it’s stolen or not they should pay the clam. And as for the clam if it is a total you should get retail value for that car and if it is moor then 10 years old the mileage is not relevant. By the way I Owen an autobody repair shop so I know how they try to play you.


An Allstate auto policy will not cover bad clams. That would be your health insurance carrier.
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post #12 of 35 (permalink) Old 02-11-2009, 10:15 PM
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BMWGUY is correct, I have delt with insurance companies for years. Stand your ground. Ins. co. hate bad publicity. I have went that route and it has worked for me so far.
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post #13 of 35 (permalink) Old 02-11-2009, 11:20 PM
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Welcome to the world of instant, total depreciation.

Once you have reached agreement, remember to ask for the sales tax on that amount.

Useful phrase: :Is that the best you can do? Repeat ad nauseum

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post #14 of 35 (permalink) Old 02-11-2009, 11:29 PM
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Worse comes to worst, try "Tell you what, since it's apparent you're not interested in fairness, let me call my attorney back, and he'll be back in touch with you."
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post #15 of 35 (permalink) Old 02-12-2009, 12:16 AM
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I had 6 year (old at the time) 2000 Subaru 2.5RS that I owned since new, garage kept and very well taken care of. Got rear ended at a light and Geico considered it a total loss. At that time the car had just over 200,000 miles. KBB value was from the low end 7500 all the way up to 11,000 for retail used. Their initial offer. . . just under 3000. I mentioned the KBB value and was politely told by Geico "the prices in the KBB don't mean anything" WTF? Made a counter offer of just a little over 10,000 with comparable listings and was immediately rejected. I asked Geico why they were trying to be so unfair and low ball the value of my car and the woman on the phone told me "that's all your car is worth, and that's all we're going to pay you" Then I found a local appraiser who looked at the car and took photos, and gave me a report back a few days later. His value was only 400 less than my counter offer. Submitted the appraisal with another offer of what I wanted and they then paid with no argument. The appraisal only cost 100 bucks and it was money well spent. Sorry for the long response but I hope it helps. And whatever you do. . . don't let them win!
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post #16 of 35 (permalink) Old 02-12-2009, 12:37 AM
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Worse comes to worst, try "Tell you what, since it's apparent you're not interested in fairness, let me call my attorney back, and he'll be back in touch with you."
heh, heh, heh
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post #17 of 35 (permalink) Old 02-12-2009, 10:20 AM Thread Starter
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Thanks all for the help.

I called my insurance company today (Geico) and I spoke to the appraiser about the Value of his report is not a fair value for my car.
He told me I can bring whatever proof I can get to show him that the car worth more like dealer ads, online ads, but not KBB and then he will discuss it with his supervisor.

On the other side, is it really true that Allstate (insurer of the stolen car who caused the damage) still responsiable for the damages even though the car was stolen prior to the accident?

Below is quoted from the denial letter Allstate sent me:

Quote:
We have found that our insured was not legally responsiable for the accident. As a result, we will not be able to make any payment for the following reasons:
Our insured's vehicle was stolen prior to moto vehicle accident.

Please call if you disagree and want to discuss my decision
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post #18 of 35 (permalink) Old 02-12-2009, 10:27 AM
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On the other side, is it really true that Allstate (insurer of the stolen car who caused the damage) still responsiable for the damages even though the car was stolen prior to the accident?
No. Geico will not go after Allstate for reimbursement. Why? Because the car was stolen, the operator did not have permission to drive it, so coverage is void. Period.
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post #19 of 35 (permalink) Old 02-12-2009, 11:18 AM
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If you don't have an uninsured motorist rider, you're hosed. That's the risk with going cheap on insurance and not doing full coverage.
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post #20 of 35 (permalink) Old 02-12-2009, 04:56 PM Thread Starter
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If you don't have an uninsured motorist rider, you're hosed. That's the risk with going cheap on insurance and not doing full coverage.
I guess in NJ it is mandatory to have uninsured/underinsured motorist.

I will put full coverage on my both Mercedes once I have it repaired.
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