<BLOCKQUOTE><font size="1" face="Arial, Helvetica, Verdana">quote:</font><HR>Originally posted by Sandie:
I can't believe it but the insurance company of the 17 year old guy who REARENDED me is offering me about 1/4 what I paid for my car last August to total it! Even with the higher than normal mileage on it, the blue book and NADA values are in the 4000 range and the highest they want to go is 2200...I am OUTRAGED! I have turned to my own insurance company for help but he didn't seem to optimistic...he knows I will be seeing a lawyer tomorrow....
Can they really get away with this kind of robbery?<HR></BLOCKQUOTE>
My response:
There's one thing you have to understand about the "Blue Book" - - it's figures are based upon "national" averages. An insurance company is within its rights and duties to a claimant, to base its own estimates of damages upon a "narrower scope." That is, the insurance company can be within its obligations and duties to a claimant, under the Insurance Code, by offering what a vehicle is worth in the town where the vehicle is normally "garaged." Two identical vehicles, one garaged in Los Angeles, and the other in Kansas City, may have two extremely differing values. So, my suggestion is, that before you write any letters, or waste time in seeing an attorney, make a good faith attempt to find vehicles that are similar to yours, with mileage near to yours, and find their values. That way, you'll have all the amunition you'll need, before you see an attorney. Three would be reasonable, even for a judge.
Good luck to you.
IAAL
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[This message has been edited by I AM ALWAYS LIABLE (edited April 19, 2000).]
