[V8] Gut check....what's it worth

[Tony and Lillie]

Thankfully they don't use the KBB that you and I can look at online. In all 
three accidents I've had in the last four years (in each the other party got 
the ticket, and their ins paid) My car value didn't exceed $1000 according 
to KBB and NADA online. However, I got at least $1450 in each case, plus 
kept the car. you are right, they have a bunch of different resources than 
us. That's exactly what the adjuster expalined to me as well, when I asked 
how they figured the value of the car. Oh, and each instance the car was 
totalled. In fact, the first two were within three weeks and on the same 
car. Totalled twice in three weeks, imagine that ;-)

Tony

----- Original Message ----- 
Subject: Re: [V8] Gut check....what's it worth


>
>
> -----Original Message-----

> The insurance company does not use the Kelly Blue Book that you and I can
> buy in the book store, or review on line. The insurance industry has a lot
> of industry wide data that is published for industry use only, just as 
> banks
> have their own method of establishing value for loan purposes.  In almost
> all cases the value of the used car is vastly less than KBB's optimistic
> retail valuations.