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Old 29 Jun 2005, 04:58 pm
JeB
 
Posts: n/a
Default Re: Surprising Insurance Appraisal on a 6 yr old Civic

On Wed, 29 Jun 2005 18:29:31 GMT, "Larry"
<ziggy_calif@nospam_yahoo.com> wrote:

>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.
>


Honda = high resale value and high theft rate.

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