NJFBOA - Home of New Jersey's Camaros and Firebirds - View Single Post - 7 days having a 06 gto and it got totaled by an old lady

Mark42 · 04-01-2010, 08:08 PM

Generally auto insurance payoffs are negotiable. You don't have to take what they offer, just decline it and say your going to get an attorney and take them to court and the payment usually goes to full market value. The insurance company knows it will cost them more to argue their position on the value of the car than to pay fair value.

Just something to keep in mind if this ever happens to you.

PS often making a counter acceptance offer with supporting documentation (photos, receipts for added value items, etc) will also get the payoff raised.

04-01-2010, 08:08 PM	#48
Mark42 Join Date: Oct 2009 Posts: 443 iTrader: (0)	Generally auto insurance payoffs are negotiable. You don't have to take what they offer, just decline it and say your going to get an attorney and take them to court and the payment usually goes to full market value. The insurance company knows it will cost them more to argue their position on the value of the car than to pay fair value. Just something to keep in mind if this ever happens to you. PS often making a counter acceptance offer with supporting documentation (photos, receipts for added value items, etc) will also get the payoff raised. __________________ 1998 Firebird Coupe Mods: 3.73 Gears, Eaton TrueTrac, PCM Tune, LS1 Aluminum Drive Shaft, Cold Air Intake, 180 Thermostat, Magnaflow Cat-Back Exhaust, Moog LCA busings. My Firebird Projects : Click Here Last edited by Mark42; 04-01-2010 at 08:09 PM.