quattro digest, Vol 1 #4337 - Insurance heads-up!!

[Larry C Leung]

Mike,

Glad your wife is going to be alright. In some respects, her getting
pissed at the insurance company may help her keep her mind off
of her various aches and pains. Sorry you're getting screwed, and
thanks for the heads up. I guess I'm going to re-examine my insurance
situation.

LL - NY


> To: quattro at audifans.com
> From: Mike Arman <armanmik at n-jcenter.com>
> Subject: Insurance heads-up!!
>
>
> 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
>