No longer so GR8 RX8
12-23-2005, 09:10 AM
#52
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Originally Posted by REMillers
Known as GAP when you buy the car, same concept that insurance companies are offering for people who didn't buy it or was not offered at the time.
A typical settlement would be some depreciated value which wouldn't necessarily be enough to simply go buy another car A with mileage B like you just lost, especially if you are subject to big tax and registration fees. There's always a lot of discussion on this board like, 'ooh, ooh, I pay $10/month less than you for insurance on my RX-8 :-P' but a stingy insurance company may settle a loss for thousands less than the amount you'd need to go buy the same car (used with same mileage) on a dealer lot with your settlement check.
Originally Posted by beachdog
so how do they verify the mileage on a car with an electronic odometer when the car burns? there can always be something left to analyze on a mechanical odo.
I'd had new tires installed on the Sunfire about 6 weeks prior to the loss and the tire center had my mileage on the service record. Rather than negotiate some 'fair' final mileage based on my average weekly driving habits they just used that 6-week-old figure on the service record I faxed to them.
12-23-2005, 09:28 AM
#53
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Screw the car, It can be replaced. The house is the more importnat thing, particularly since you just moved in. Sorry to hear about your situation. I will keep you and your family in my prayers.
12-24-2005, 02:43 PM
#55
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Originally Posted by Cool-Blue-Dad
I had to claim that totalled (burned) Sunfire through USAA. The key starting factor for their calculation of settlement was another 1995 Sunfire that was sold from a local dealership around the time of my accident.
Using that baseline they pro-rated value of my car for mileage, new tires, some of my add-ons, some of my personal property that was in the car, etc.
Doing it that way makes it almost defacto replacement value by zeroing in on the current market value.
If that are adding sales tax to your settlement (~8% in your county? we are 8.00% in Steuben right now) that is *huge*. My Sunfire settlement was in Oregon so no sales tax there, but sales tax is *thousands* in most locations. Glad to hear they'll cover it Sales tax will be far more than your deductible. How lucky can you be?
Getting back to your first post - glib remarks and proper perspective aside - I'll join you in mourning the loss of your RX-8. It's always a shame when they're cut down so long before their time. Nothing wrong with a keepsake box.
Using that baseline they pro-rated value of my car for mileage, new tires, some of my add-ons, some of my personal property that was in the car, etc.
Doing it that way makes it almost defacto replacement value by zeroing in on the current market value.
If that are adding sales tax to your settlement (~8% in your county? we are 8.00% in Steuben right now) that is *huge*. My Sunfire settlement was in Oregon so no sales tax there, but sales tax is *thousands* in most locations. Glad to hear they'll cover it Sales tax will be far more than your deductible. How lucky can you be?
Getting back to your first post - glib remarks and proper perspective aside - I'll join you in mourning the loss of your RX-8. It's always a shame when they're cut down so long before their time. Nothing wrong with a keepsake box.
I did two things:
1. Gave my buddy my rotor valve caps for his RX8 to wear in memory of mine.
2. I have a favorite pic of my baby. I'm going to frame it and display with the spare key.
thx
That really sucks 
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