#2407323 - 06/01/11 05:37 PM
Need some input on sons car
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turkeyhunter64
8 Point
Registered: 12/07/07
Posts: 1954
Loc: TN
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Insurance company,Geico, wants to give me 2900 cash and let me keep my sons car for me to fix or sale. Says that is 75% of published book value(3900) of the car or they would pay me the fair market value of the car for this area and total it out.(would not be 3900 may be less or more than 2900.) KKB value is about 3100. Now I called around and got a price of 850 bucks for a salvage sale to a junk yard. So I could walk away with about 3800 bucks. I asked good ol Gecko how much fair market value would be and he would not tell me. Said it would then be totaled because the state has to be notified of that. I think it will cost more than 2900 to fix so I am thinking hard about what to do. Any input is more than welcome. buy the way the adjustor is a real jerk.
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Dream like you are going to live forever, Live like you are going to die tomorrow...James Dean
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#2407358 - 06/01/11 06:29 PM
Re: Need some input on sons car
[Re: turkeyhunter64]
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trealtree
16 Point
Registered: 09/29/04
Posts: 10186
Loc: Middle Tennessee
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I would take what I could get and buy a new car. If it was worth 3100 and they want to give you 2900 and you keep the car to sell or part out. How is that a bad deal.
_________________________
There is only 1 Absolute.
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#2407362 - 06/01/11 06:31 PM
Re: Need some input on sons car
[Re: trealtree]
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Baxter83
Good ol' Boys
12 Point
Registered: 09/03/08
Posts: 7243
Loc: Winchester, TN
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I would take what I could get and buy a new car. If it was worth 3100 and they want to give you 2900 and you keep the car to sell or part out. How is that a bad deal.
That's what I was thinking too...
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#2407409 - 06/01/11 07:53 PM
Re: Need some input on sons car
[Re: trealtree]
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Nimrod777
18 Point
Registered: 09/28/03
Posts: 23272
Loc: Spring Hill, TN
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This thread scares me a little bit. I called Geico today to see if the kid who hit my son last weekend had filed his claim yet, but we don't have enough info for them to track him down. I have to wait until the police report comes in from Sevierville, apparently.
Then me and the Gecko get to play Texas Hold'em, just like you're doing.
_________________________
Some hunt for racks, some hunt for roasts. I hunt for sheer joy; the aforementioned items are merely fringe benefits.
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#2407414 - 06/01/11 07:56 PM
Re: Need some input on sons car
[Re: Nimrod777]
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utfan1
10 Point
Registered: 12/31/06
Posts: 3617
Loc: cleveland,tn
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i had a claim from a geico customer. after dealing with them i insured one of our cars with them. in my case they went above and beyond.
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#2407418 - 06/01/11 07:58 PM
Re: Need some input on sons car
[Re: utfan1]
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wg24
6 Point
Registered: 04/17/11
Posts: 997
Loc: nashville
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I had a wreck (another driver hit me) and his insurance (progressive) was being shady so I ask Geico to handle it. A+++++. They were great. Took care of everything and then went after progressive.
Edited by wg24 (06/01/11 07:58 PM)
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