09-11-2013, 12:29 AM
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#14 (permalink)
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A True Z Fanatic
Join Date: Oct 2012
Location: Washington
Posts: 1,252
Drives: 09' 370z 7AT
Rep Power: 17
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Quote:
Originally Posted by Mt Tam I am
Insurance companies seem to think everyone is too poor to wait to get paid. It is a tactic that must serve them well but when I found out the $4,000 offer on my car was all they wanted to pay, I went out and bought my 370Z and told them I now have a car and you hold nothing over me.
The law in CA at least is they have one year to settle. I was not taking any of their offers and over three months, the offer had risen to $8K, then 12K. I had them call in a referee or umpire, I forget which. Finally we settled upon over $16K.
Hang in there and they will come around.
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what was the story with this? 16k for diminished value?
OP get the car fixed out of pocket and then fight it out with them. Don't sign or accept anything.
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