Moderators: I didn't know if this was the right place to post, but I figured it would benefit most, if not ALL, of the Type R owners in here.

HT,

This is something that i've been thinking about for a while and is mainly in response to the multitude of "ITR stolen..." threads we see each month such as this recent thread by user, JackBurton: https://honda-tech.com/zerothread?id=2214305&page=1. search "stolen" in the ITR forum under recent content and you'll find 27 threads.

We all have to live and drive with the reality that our cars may get stolen at any time... at work, while we run errands, and hell... now, at home in our driveways and even garages even though they're blocked by other cars! Having good security is one thing... but what if our car(s) actually do get stolen? Of all the "stolen ITR" threads, how many of them actually reflect the owner getting a decent settlement from insurance? I'm sure you guys have an idea of the stories of owners getting shafted by the insurance.

So here's my opinion and solution based on what i know. Depending on your state, the details of how a settle amount is figured are different. In general, a settlement is based off of similar cars (model/year/trim/miles/color/etc) found within "x" miles of where you live. Insurance companies will take those listings from autotrader, etc. and move up or down depending on the condition of your car compared to what they found. After all the different adjustments (based on title status, condition, deductibles, whether or not you'll buy the car back from them if the police found it, etc.), they'll offer you a settlement. if you want to settle, you take it. if you don't, it's your responsibilty to prove to them that your car is worth more. in many cases, they'll reject whatever you throw at them because let's face it, there's just not a lot of Type R's out there within "X" miles of where we live... and in similar condition to ours. Heck, i live in Kansas City so i guess i'm fuuugged.

So... I propose we start a list of ITR owners that are willing to post LEGIT ads in autotrader, craigslist, etc. in the areas of the owner who got their car stolen. the owner would be responsible for asking for help from the list. any and all possible costs would be financed by the owner of the stolen vehicle.

For example, when user JackBurton got his R stolen (see link above), he was offered roughly 8k when it was all said and done after the first round. after citrus3000psi and I helped post LEGIT postings in the local craigslist, JackBurton had more listings to go off of and his insurance came back with roughly THREE GRAND MORE. 3g's (plus/minus) may not make a difference for some of you, but it would mean the difference between taking it in the rear and not for me when and if it came to dealing with my insurance company!

What do you guys think? if you're williing to be added to this list, just post your response and i'll add you to the list. again, moderators, if you need to move this, let me know, thanks! take care you all! (can't wait till expo 08!)

list as of 2/13/08:
1. jomama

 

A very good idea to look after eachother!

 

It sounds like you're suggesting posting ads of cars for sale that are not really for sale. That sounds deceptive and may even constitute illegal fraud. NOT a good idea IMHO.

It's not hard to find legitimate listings of ITRs for sale to justify a fair settlement with insurance companies.

And BTW, if you check around here, you'll find that many owners have received fair settlement offers from insurance companies. Not all, but there have been quite a few topics lately where people asked if their settlement offer was fair, and it was fair to generous in many cases.

 

Sounds like a good idea

 

I'm going to nod and smile, make sense?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy &raquo;</TD></TR><TR><TD CLASS="quote">It sounds like you're suggesting posting ads of cars for sale that are not really for sale. That sounds deceptive and may even constitute illegal fraud. NOT a good idea IMHO.</TD></TR></TABLE>

eh, FWIW, i used "LEGIT" once and "LEGIT" another time. i guess i should've bolded the second one i tried to really point out legit ads and avoid fraudulous ads. seriously though, i was about to put up my ITR for sale in the KC area and by putting up the ad in SD, i just got my homework started earlier.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy &raquo;</TD></TR><TR><TD CLASS="quote">It's not hard to find legitimate listings of ITRs for sale to justify a fair settlement with insurance companies. </TD></TR></TABLE>

easier for those from LA/OC/Seattle/Chicago/FL/NY to say try kansas city. you'll find some, for sure... but not nearly as many... that's all i'm saying

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy &raquo;</TD></TR><TR><TD CLASS="quote">And BTW, if you check around here, you'll find that many owners have received fair settlement offers from insurance companies. Not all, but there have been quite a few topics lately where people asked if their settlement offer was fair, and it was fair to generous in many cases.
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in that case, this thread wouldn't be for those who already are getting fair settlements. this is for those who aren't. this isn't a type r, but when i totalled my 96 db8, i didn't necessarily think i got what i should have gotten. try finding a four door white gsr in kansas city (at that time... or even now) in the condition of the one i wrecked and you'll be hard pressed.

 

I think if a local ITR was stolen, I would be worried about my R and I think I would post my ITR for sale BUT at the high market value I believe its worth. If it happens to help out that person, good. And if I change my mind about selling it, oh well. *wink wink nod nod*

 

How would this not be fraud?

If you're honestly worried about what your payout would be in the event of theft or total loss, talk to your insurance agent about a stated-value policy, or look at some of the collector car insurance companies.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat &raquo;</TD></TR><TR><TD CLASS="quote">How would this not be fraud?</TD></TR></TABLE>

...b/c, like in the case with user JackBurton, i listed a legit ad in craigslist to help him out. when did listing a legit ad in craigslist become a fraudulent activity? i was actually getting ready to list my car and i'd list it exactly the same way i did for him. i helped him out by getting another legit ad out there for him to use with his insurance company and i got a jump start with my own sale process.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat &raquo;</TD></TR><TR><TD CLASS="quote">If you're honestly worried about what your payout would be in the event of theft or total loss, talk to your insurance agent about a stated-value policy, or look at some of the collector car insurance companies.</TD></TR></TABLE>

yes and yes, good points. what would you suggest to those that have their vehicle(s)/home(s)/etc. all with the same carrier to save on the premiums? i guess packages could always be custom tailored for the right price. for those that are able to pay for these "custom packages," i'm sure the difference of 3gs is nothing... and they wouldn't be the type to put much stock in this type of thread as us... "lesser folks"

 

Was there a thread that showed how much the seller sold there R for or something like that. It was to be used as a record of how much these R's of ours are worth.

I can't find it

 

^i remember seeing it, but i think it died out

 

Fraud... Some of the offers the Ins Co make are fraudulent

Posting on Craigslst is fine and all, but they are not long term, NYC only lists for 7 days... SO how would ya keep the ad availble for future reference that would be valid?

I say it's fine, post ads to help each other out, just be willing to sell if someone steps up to buy (it could be a trap )

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jomama &raquo;</TD></TR><TR><TD CLASS="quote">eh, FWIW, i used "LEGIT" once and "LEGIT" another time. i guess i should've bolded the second one i tried to really point out legit ads and avoid fraudulous ads. seriously though, i was about to put up my ITR for sale in the KC area and by putting up the ad in SD, i just got my homework started earlier.

easier for those from LA/OC/Seattle/Chicago/FL/NY to say try kansas city. you'll find some, for sure... but not nearly as many... that's all i'm saying

in that case, this thread wouldn't be for those who already are getting fair settlements. this is for those who aren't. this isn't a type r, but when i totalled my 96 db8, i didn't necessarily think i got what i should have gotten. try finding a four door white gsr in kansas city (at that time... or even now) in the condition of the one i wrecked and you'll be hard pressed.</TD></TR></TABLE>

You seem to be under the misconception that you must find listings of ITRs for sale in Kansas City if your ITR in Kansas City is stolen. NOT TRUE! For a low-volume car like the ITR, with only ~3700 in the country, it's appropriate to use comparable cars for sale ANYWHERE IN THE COUNTRY to justify your settlement with the insurance company.

Apparently the need for this whole half-baked idea is because of your erroneous assumption in this regard.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy &raquo;</TD></TR><TR><TD CLASS="quote">

You seem to be under the misconception that you must find listings of ITRs for sale in Kansas City if your ITR in Kansas City is stolen. NOT TRUE! For a low-volume car like the ITR, with only ~3700 in the country, it's appropriate to use comparable cars for sale ANYWHERE IN THE COUNTRY to justify your settlement with the insurance company.

Apparently the need for this whole half-baked idea is because of your erroneous assumption in this regard.
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I seem to remember someone trying to get a settlement from an insurance company and they were demanding that it was a local car, unwilling to listen to anything else.

I'm not sticking up for this idea, but you can't be so naive as to believe that insurance companies aren't pulling tricks and doing what they can to save money.

 

Well for starters...Don't announce your Type R to everybody....Word of Mouth is a very powerful thing.

Also don't post endless number of pictures on your myspace

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy &raquo;</TD></TR><TR><TD CLASS="quote">

You seem to be under the misconception that you must find listings of ITRs for sale in Kansas City if your ITR in Kansas City is stolen. NOT TRUE! For a low-volume car like the ITR, with only ~3700 in the country, it's appropriate to use comparable cars for sale ANYWHERE IN THE COUNTRY to justify your settlement with the insurance company.

Apparently the need for this whole half-baked idea is because of your erroneous assumption in this regard.
</TD></TR></TABLE>

not misconception. facts. that may work for some insurance companies out there, but it didn't work for me with state farm (when i had to settle on my db8) and it apparently didn't work for JackBurton with whoever he uses/used (when his 98 GW ITR got stolen... see thread above). i repeatedly spoke with state farm that it was hard to find a db8 like mine for sale when i wrecked it and i'd assume (i know i may be wrong, now...) there's even less type r's out there than a four door white 96 gsr. again, i stated that insurance company policies and laws could and most definitely will vary from state to state and i did say in "general" how an insurance company comes up with a settlement. i'm not trying to argue particulars from state to state, etc... just trying to pose an idea, here. let's all have a , it's valentine's day and it's almost friday

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Numba1 B Series &raquo;</TD></TR><TR><TD CLASS="quote">Well for starters...Don't announce your Type R to everybody....Word of Mouth is a very powerful thing.

Also don't post endless number of pictures on your myspace

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thanks for the obvious, but i have to say i think you missed the whole point of this thread.

 

Jo, thanks man, I appreciate you helping me out. There is something here, and I think some people are misinterpreting the potential. Everything in that thread you posted up (in post 1) is what happened, but here's the cliff notes.

My R was stolen.

My Insurance said my settlement offer would be based on type r's for sale in the SD area.

Oh, and they had be 98's or 99's. So... 98's.

They found 2 they deemed "worthy"

They weren't even type r motors.

Yeah, that's right... one had a B20, and the other had an LS motor.

I submitted as many 98 R's as I could find within their "REQUIRED" region.

If the car was modded, it was immediately inadmissible.

Jo contacted me, and mentioned he was selling his R as stock.

They finally realized they were ripping me off, and bumped up the offer.

So, take what you want from it, but when I lost my R, my insurance company didn't see the same value we all see. I have spoken with 6 people there now, and my case is still not closed... not one of them appreciates it's rarity... even with all the literature and links I could find regarding the rarity. It's a SHlTTY situation... I hope you never have to go through it.

Cheers.

 

nothing can stop a thief if they really want it, i noe how it feels.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Sleepy562 &raquo;</TD></TR><TR><TD CLASS="quote">nothing can stop a thief if they really want it, i noe how it feels.</TD></TR></TABLE>

you, sir, are an idiot and missed the whole point.

 

****, considered fraudulent or not, if someone needs help in this regard, and are willing to pay the Autotrader fees, I'll put mine up in a heartbeat.

"F" insurance companies. F them right in their A.

I've been screwed over twice by them, and after doing all the things they told me to do. So honestly, when it comes to something dealing with the R, I KNOW I'm gonna get screwed again. If putting it up for sale helps someone else out, I'll do it right now.

I paid super high rates for Full Coverage, for 5 years. 5 YEARS! Never had a claim. Then when I need a claim.... screw you Mr. Avery. F them all.

 

x23232

 

If this is REALLY a concern for people, spend a couple hundred dollars and have a licensed professional car appraiser appraise your car, which then you can take to your insurance company to show them and so they can put it on file. End case...

Think of it as insurance for your insurance.

 

I've had my itr since nov. 08 and it has a salvage title(theft). If i DO get an appraiser, would it really be worth it or just a waste of time and money?

 

great way to think. just dont let it happen in the first place