RRTom wrote: Never accept the first offer from an insurance company. They will try to lowball you. You did the right thing by telling him it was too low.
Maybe the reason they lowball you is because people think they always do it, so if they offer you full amount the first time you won't take it thinking their lowballing you?
2004 National Tropi-Cal T-350, Class A, Triple slide, 330 HP Cat DP. 2006 Dodge Dakota 4x4 or
2002 Harley FLSTF Fat Boy on a Trailer or
2004 Polaris Quad on the Trailer
DznyFan wrote: You don't have full replacement coverage on your TT?
According to his sig line the trailer is a 2000. I have never heard of full replacement coverage for anything over 5 years old.
Oops, missed that part. On my TT full replacement coverage is same or similar model (equal to or better) for the first five years, after that I get what I paid for it not a prorated or adjusted amount.
I had the same thing quite a few years ago. The same thing, the adjuster was trying to get me to settle for way below the true vale of my TT. As said, most poeple don't realize, that you do not have to accept their offer at all. I asked the adjuster for his boss's phone number. Then I called his boss, and I asked him for his boss and the phone number for there Corprate Office. I flat out told them what my Trailer was worth, by doing just as mentioned, a saved all newspaper adds on the same models, and also checked RV sales lots. I faxed all my information to the corperate office, and sraight up told them, that if we could not reach some kind of a fair settelment, that I would sue my own insurance company. I was pretty shocked about a week later, as a man came to my house, that said he repasented the Corperate office, and he asked me what it would take, to close this case. So I told him my price, based on all the information that I had sent to the Corperate Office. I did allow for it being used, all I wanted was a fair price. Well that man, wrote me a check, right on the spot, and added another $500.00 dolars to what I had asked for. He thanked me for being with this company for the last 15 years, and said that the company was sorry for any misunderstandings, and hoped that I would continue to do businness with them. So not all cases turn out bad in the end. You just might have to do your home work, and call above your adjusters head. And speak to someone in a higher position than he is. It worked for me, as I made enought fuss, that I am sure that they were more than ready to settle just to shut me up. But it did work out for me, because I wouldn't take no for an answer. Stand up for yourself, as they will not do it for you, and they will try and get you to settle for less, if they can get away with it. Happy Camping, Dan & Jill
1997 Ford F-250, H.D. Extended-Cab, Short Bed, 7.3 PSD, K&N Air Filter, 5000 lbs air bags w/on board compressor w/guage, SuperChips Tuner/Programer. 1996 Nash 24fter 5er, 15K "Lil" Rocker Hitch w/BedSaver, Twin EU2000i Gen's W/Kit. Nam-Vet, 33 Months.
Great thread. A good opportunity to say READ YOUR POLICY. The policy specifically sets forth the language of what the insurance company owes you, usually, 'Actual Cash Value'.
So, how do you determine ACV? KBB? Edmonds? NADA? Local ads? I repeatedly see people posting that "they didn't offer me what is was worth". Says who? What determines the value? The policy will set forth their contractural obligations.
As someone previously stated, it varies (significantly) by state. There is almost always an arbitration provision should it come to that (you will be bound by an arbitrator's decision - you can't just 'sue' the insurance company).
As in just about everything else, 'the squeaky wheel gets the grease'! Don't be afraid to push it up the ladder.
Well, we settled the claim. After discussing it with the adjustor and telling him his original payment was too low. We went over the options together and he gave me a payment of $1000 more than i was hoping for. All is well and good! Now we are going to be looking for a new TT. Not sure if we will look now for a good deal since it is fall or wait till the spring for the 09's to come out.
pmfinnegan2
1998 Dodge Ram 1500 Sport
318 5.2L V-8, 3.92 Rear end
HD Transmission Cooler
2006 Max-Lite 24RS
Equalizer Hitch, Prodigy Brake Controller
Wife, 6 year old Daughter, and 2 year old son
1st off, congratulation on getting your money plus. If you have the place to store your TT, then now is the time to start looking. No dealer wants to have inventory set over the winter and in the spring won't be as accommodating, with the season starting. I would decide what I want and if one is around, work the dealer hard. You'll own it at your price before the 1st snowfall.
Bob & Betsy - USN Ret'd '78 & FL LEO Ret'd '03 FMCA #F203528 '05 HR Endeavor, 40PRQ w/400 Cummins - With -'05 GMC Sierra SLT, CC Z-71, the pusher '07 Arctic Cat 500A & Wilderness Kayak, riding in the pusher - Our Current Location
I would agree with the above poster that now through the winter would be an excellent time to be shopping. No dealer(in their right mind anyways) wants a new rig sitting on his lot covered in snow making floor plan payments every day when the thing can be sitting in your back yard covered in snow while you make payments to the bank.
i agree with the last 2 folks, as well. you can probably even get the trailer you want from a local dealer, at close to an RVDirect or RVWholesaler price....
ElkdogNC wrote: They sad that they used NADA and another appraisal co. named CCC (can't remember what it stands for but i did find them on google) and they basically give somewhere in the middle of the two, depending on the options.
CCC stands for Certified Collateral Corporation
My ins. co is NC Farm Bureau. Who do you have?
I have been with NC FB for 12 or so years and have always been pleased. They seem to be one of the more fair companies out there.
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