"disallow" <loewen_t at yahoo.ca @> wrote in
news:a34d75b1d12f1a5c6d7093bd72750cc6@localhost.ta lkaboutautos.com:

> Tegger: How much did your integra get appraised
> for?
>


$2,750 Cdn. I get the full report later this week. It cost $165 Cdn.

This does not mean I'd be able to sell the car for $2,750, just that the
insurance company will pay me that much upon total loss, or will repair up
to 80% of that figure in case of less-than-total loss. This figure is good
for at least 3 years, with a re-appraisal advisable after 3 years, and
required after 5 years.

Apparently, the way the insurance companies do things here in Ontario, once
a car is older than ten years, it becomes rated as "basic transportation"
and is worth between $500 and $1,500 as a total loss. The actual
determinant of the value would be done by the damage appraiser after the
collision, and they tend to evaluate low...

The instant the appraiser looked at my car, he said "this is worth a lot
more than basic transportation". However, he said the main depressant on
the insurance value of my car is the mileage, almost 246,000 miles. If the
car had half the miles on it that it does, he could have set the value far
higher than he did.

I've never had a car appraised before, and it was a very interesting
experience.

The report will be posted when I get it.


--
TeGGeR®

The Unofficial Honda/Acura FAQ
www.tegger.com/hondafaq/