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Old 12 Jan 2011, 11:31 am
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Default What will my BF get for his Totaled 1994 Honda Civic (4dr- DX) ?

My BF totaled his car last week. The insurance adjuster just called him this morning and told him its totaled and he will have a claim person call him to let him know how much his check will be. I've looked online and am confused at what value insurance companies use. Will he get the NADA retail value? ($2,500) or will it be something else. The car had 230,000 miles on it. Does it matter that he striped the car before they came and got it. So he took off his custom rims (replaced with non matching steel rims we got from a junkyard)...cd/mp3/ipod deck (not replaced), Took out sound system, and spare tire from the wheel well ...that's it I think.















Suprisingly he actually had full coverage insurance on the car. He had a lien against the car about 5 years
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Old 12 Jan 2011, 11:46 am
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my brother just bought a 93 civic with 90,000 miles for $2,800. with all the miles on it that will bring down the value.
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Old 12 Jan 2011, 12:01 pm
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Probably a coke and a box of Chicklettes.
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Old 12 Jan 2011, 12:16 pm
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junk price 150.00
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Old 12 Jan 2011, 12:31 pm
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The insurance adjuster will deduct for most of the items removed. The $2400 retail value is for a car in clean condition with all of the factory installed equipment. So expect to lose the value of these removed parts.































Also, the adjuster will examine the car for previous damage and wear. The adjuster will deduct for items like worn tires, worn exhaust, rust, torn seats, worn carpeting, weathered paint, weathered interior, old damage, etc. The insurance company will also deduct the deductible amount from your policy. I.E. if your policy has a $1000 deductible, the amount of the check will be reduced by $1000. You also must have full coverage insurance to get this amount. If you have only a liability policy on the car you get nothing. if the accident was your fault. My gut feeling is that you may only get half of the amount you are expecting.
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Old 12 Jan 2011, 12:46 pm
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The KBB retail value for a clean one with those miles is just over $2,100. If he stripped it and the insurance company is aware of that they will adjust down for that. If there was any pre-existing damage they will adjust for that as well. Of course they will also deduct his deductible. Depending upon his deductible, probably between $1,200 and $,1600.































Of course if he does not have collision coverage he gets nothing unless it was someone else's fault and he can recover from them or their insurance company.































Insuring a car of that age against collision or comprehensive loss is a waste of insurance dollars.
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Old 12 Jan 2011, 01:01 pm
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They'll research some Honda's similar to the state his was in before the accident, find an average price and pay him that. What accessories or other things he pulled off the car doesn't matter since it was totaled making it all basically worthless anyway.































That's how my insurance company was gonna do it after my accident anyway if they found the car to be totaled, it may vary from company to company.















Luckily they didn't find it to be totaled and cut me a check for $2k on a car worth $2500 aha. And that car is running better than ever right now.
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