Site News - 4/20 Small Batch Order: Saabnet.com T-Shirts!! Put in Your Order Now!!

The Saab Network Mailing List FAQ
Search:

Main Index
[ Prev by Date ] [ Next by Date ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Re: Accident [saabnet.com]
Posted by Peter Duniho - http://saabnet.com/tsn/forms/e.php3 (more from Peter Duniho - http://saabnet.com/tsn/forms/e.php3) on Wed, 8 Sep 2004 22:54:13
In Reply to: Accident [saabnet.com], Jim Norris - http://saabnet.com/tsn/forms/e.php3?e, Tue, 7 Sep 2004 20:12:00

There are at least two issues here. One is whether you have to give up your
car, and the other is how much money you should get for it.

In the first issue, I don't know what OH state law is, but in WA state
(where I live), only your own insurance company can 'total' a car, giving
you a lump sum and taking the damaged car in return. When dealing with a
third party, the worst they can do is not give you enough money to repair
your car; they cannot force you to give up your car.

I would hope that OH would be similar, but I don't know whether it is. You
really ought to be taking your question to the OH insurance commissioner's
office, not an Internet mailing list (as useful as it might be most of the
time).

In the second issue, that's just the vagaries of insurance valuation.
Again, I don't know how OH is, but WA state does have an appeals process if
an insurance company tries to give you less money for your car than you
think it's worth. If OH is similar, it will be up to you to find comparable
sales that support your claim for higher value.

As for whether undervaluing your car establishes a norm for all Saabs, not
really. It may encourage the insurance company to lowball replacement
values for cars in general, but a proper valuation comes from the
marketplace. That is, how much comparable cars are bought and sold for on
the open market. If an insurance company tries to undervalue a car based on
that, you should be able to contest the valuation successfully.

If you cannot successfully contest the valuation, either your state's laws
are screwed up (that is, they don't allow you to contest the valuation) or
your perceived value of the car is incorrect (that is, the marketplace has
defined a different value than what you think is correct).

Peter Duniho
'90 900S
================
To send a response, just hit reply!
The Saab Network - On the Internet Since 1988
http://www.saabnet.com/

New Salem Saab
Authorized Saab Dealer for Over 40 Years!
Used Saab Parts 900/9000/9-3/9-5
http://newsalemsaab.saabnet.com/



Posts in this Thread:

Scandinavian Import
StateOfNine.com
Swedish Dynamics
SaabClub.com
Jak Stoll Performance

The content on this site may not be republished without permission. Copyright © 1988-2022 - The Saab Network - saabnet.com.
For usage guidelines, see the Mission & Privacy Notice.
[Contact | Site Map | Saabnet.com on Facebook | Saabnet.com on Twitter | Shop Amazon via TSN | Site Donations]


This is a moderated FAQ - Posting is a privilege, not a right. Unsolicited commercial postings are not allowed (no Spam). Please, no For Sale or Wanted postings, SERIOUSLY. Classifieds are to be listed in The Saab Network Classifieds pages. This is a problem solving forum for over 250,000 Saab owners, so expect to see problems discussed here even though our cars are generally very reliable. This is not an anything goes type of forum. TSN has been a moderated forum since 1988. For usage guidelines, see the TSN Mission and Purpose Page. Please remember that you are not anonymous
Your address is: 44.200.174.97 - Using CCBot/2.0 (https://commoncrawl.org/faq/) - Logged.

Site Members do not see red text instructions, green links, and bottom of the page banners.
Click here to see all the Site Membership Benefits!