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Old 29 Jun 2005, 01:29 pm
Larry
 
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Default Surprising Insurance Appraisal on a 6 yr old Civic

A few weeks ago, we lost our 1999 Honda Civic due to theft. In this case
the thief stole my daughter purse while she was out with friends and they
proceeded to her apartment where she attends college and stole her car. It
has never been recovered. We had no intention of being in the car market
until she was done with college and we were done paying college expenses.
Our vehicle was a 1999 Honda Civic EX Coupe with AT and 66,000 miles. It
was in very good condition with no other options. The insurance carrier
(Allied Ins Group) performed their inhouse appraisal of the car and
determined it's value including unused registration fees and sales tax to be
$10,733. Minus our $500 deductible off this amount, we were able to replace
it with a 2003 Honda Element EX FWD with 23,000 miles on it for $12,988 +
taxes and fees. We were astounded at the valauation and our best optimistic
guess of value was between $8500 - $9200 in value minus our deductible.
Needless to say, an unhappy beginning had a very happy ending.


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