Insurance heads-up!!

[R Mangas]

   I think that that's the sort of thing that you can successfully argue
based on replacement cost of the exact same thing.  It might be a wasted
effort, but I wouldn't give up yet...

Luck,
Robert





>From: Mike Arman <armanmik at n-jcenter.com>
>To: quattro at audifans.com
>Subject: Insurance heads-up!!
>Date: Fri, 13 Dec 2002 14:14:16
>
>
>Here's an unpleasant heads-up for those of us who drive older cars . . .
>
>Wife crashed her 1991 M*zda 323 two weeks ago - real hard. She'll be OK,
>out of work until January, banged up, pissed off, broken rib, kneecap,
>maybe ankle (can't tell yet!), and completely black and blue all over. You
>can see where the belt and harness were at impact.
>
>She bought the car new in 1991, we put a new engine into it in August -
>$1,800 total - $300 for engine, balance was for everything else, sensors,
>hoses, this one was done right - plan was to keep the car to 300,000 miles
>- and it would have made it . . . car ran like new, even looked OK (no
>rust).
>
>
>Similar cars (not as nice and with original engines) are going for $1,500
>to $2,000 in the local shopper rags, and we figured that this one ought to
>be worth $2,500 or so after all the work and parts went in.
>
>Insurance called today - ACV (actual cash value) of this vehicle, new
>engine taken into account, is all of $640, plus tax. $100 deductable gives
>a net check of $540. (She doesn't know yet - oh man is she EVER going to be
>mad . . . )
>
>
>"It's twelve years old and has almost 200,000 miles on it!"
>
>
>I asked how much *I* could buy it back for - answer $32.58.
>
>
>
>
>That should give us some idea of how much we might be looking at if someone
>crashes into our beloved Audis "1986 Audi 5000, ACV is $250, less
>deductable, we're paying you $150 for your car (or what's left of it).
>Turbo? Qwattrow? Whatzat?"
>
>
>Crashing sucks.
>
>Big time.
>
>
>Best Regards,
>
>Mike Arman


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