Mike,
You don't have to worry about it yet... They usually don't pay off until 30
days have passed. If the car is recovered before then, you get it back. If
it is recovered after payoff, they keep it.
If you do get it back, make sure that everything that is broken is
immediately claimed. My 442 was stolen once and the bullet holes were the
only things showing. One in the windshield and one in the fender!!! The
transmission problem did not come to light for 6 months. After a lot of
arguing, they paid for 1/2 of the rebuild.
If it doesn't get recovered or it is a total loss, hope you have receipts
for everything that you have done to it to keep it running. The more paper
that you can produce, the more they will pay.
Kent
Subject: Should have used The Club...
> This question may be for the insurance gurus of the list. I went out to
> my driveway this morning to get in my '92 Accord to go to a friends
> house and the car was gone. It was stolen sometime early this morning.
> I've had this car since new and it ran perfectly after 201,000 miles.
> Most heartbreaking of all is it was paid for. I've already made a police
> report, but my question is how to deal with the insurance company. I
> know they are going to try to low-ball the value of the car. Any
> suggestions on how to deal with them?
> Mike MacLean-60 Sprite
|