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Fight with insurance--We won


Gsxhybrid
Newbie


Galant VR-4 org Post #: 1250488 posted 03/09/21 09:28 PM     Remind Me!  Send Private Message   Edit Post      
About a month ago, as some of you know, my wifes 'parked' car was hit in the grocery store parking lot. She called the guys insurance and they ended up trying to total it out for about $1,800 (even after submitting paperwork showing its value, like recent sales of vr-4's at around $11,500...regardless of mileage, a private party appraisal showing its worth at $12,000 from Hagerty insurance, and a list of work I had done).

There was no way we were going to accept the car being totaled out...especially at that price. And according to our states law - NRS 487.730 (declaring fair market value) - they have to give us fair market value using recent sales (Section 1), or estimate by a private association (Section 2), or national data base, NADA (Section 3). But only the base model Mitsubishi Galant was in their database (We know this because the original MSRP of the base model was $10,500. The VR-4 was 23.500)

So, we filed a complaint with the NAIC (National Association of Insurance Commissioners), since the insurance company was basically breaking the law. As soon as the NAIC contacted them about the complaint they totally changed their attitude. The insurance company agreed to repair the car and cut us a check for $3500 instead of totaling it out like they had originally tried to do.



93 Eclipse GSX 2.4L gt3076r Power Toy
92 Galant VR4 #784 Mine
91 Galant VR4 #1684 Wife’s

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CutlassJim
poop load of room
1799/2000
1788/2000
935/1000
912/1000


Galant VR-4 org Post #: 1250490 posted 03/10/21 07:31 AM     Remind Me!  Send Private Message   Edit Post      



ALL DSM's are advanced and ALL Evo's retarded
I love my crazy mother!!!

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HadesOmega
Junior Member
1373/2000


Galant VR-4 org Post #: 1250500 posted 03/14/21 04:20 AM     Remind Me!  Send Private Message   Edit Post      
That's cool someone ran into my GVR4 in front of my house and their insurance wanted total mine too. These cars are worthless to the insurance company. They supposedly did $5000 worth of damage to my car. I even showed them several car ads and they wouldn't budge. I pleaded with them told them this is a very rare car and they didn't care. In the end I totalled and bought it back from them and they gave me a check for $2800. The insurance company was State Farm also. There was no way I would send this car go to the scrap heap for $2800 so I kept it and 6 moths later I barely got it road worthy the other day. Glad you got a good deal.

One reason they didn't want to fix it was that it is hard to find parts and well I guess I can understand that parts are becoming scarce for these cars.



"Black Widow" 1991 Galant VR4 #1373/2000
1998 Mitsubishi Eclipse GST
1991 Toyota Previa 5-Speed
1989 Toyota MR2 Supercharged
1976 Datsun 280Z Turbo

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yubh8tn
Member
1384/2000


Galant VR-4 org Post #: 1250503 posted 03/15/21 02:39 AM     Remind Me!  Send Private Message   Edit Post      
When my car's running, I want to get comprehensive insurance and avoid a situation like yours, Omega. What can I do to not get less than my car's actually valued? Give them receipts and other sale listings BEFORE I need to use my insurance?



Belize Green 1384/2000
1998 Integra

Posts: 100 | From: coeur d alene, idaho | Member Since: 08/21/19 | IP: (66.222.63.21) | Report this post to a Moderator

ApexHunter
Extreme Indoor Cyclist
1951/2000


Galant VR-4 org Post #: 1250510 posted 03/16/21 07:54 PM     Remind Me!  Send Private Message   Edit Post      
I believe there are a number of members on here who have the car insured for "agreed upon value", and I think they are using Hagerty although I don't think they are the only game in ton.

OP- Way to see this one through and fight those scumbags.

Posts: 1976 | From: Marysville, WA | Member Since: 04/25/07 | IP: (4.71.154.123) | Report this post to a Moderator

iceman69510 Galant VR4.org Moderator
Turn Right Racing
855/2000


Galant VR-4 org Post #: 1250520 posted 03/18/21 02:20 PM     Remind Me!  Send Private Message   Edit Post   
Quoting Gsxhybrid:


So, we filed a complaint with the NAIC (National Association of Insurance Commissioners), since the insurance company was basically breaking the law. As soon as the NAIC contacted them about the complaint they totally changed their attitude. The insurance company agreed to repair the car and cut us a check for $3500 instead of totaling it out like they had originally tried to do.




I second Apex's comment. thank you for taking them on and winning. Please keep your documentation in case others can use the help in the future.



91 VR4 855 Nile Black
92 VR4 828 Belize Green-SOLD
91 VR4 115 Nile Black -SOLD

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