A little over a month ago, my R was stolen and State Farm is offering me $12K plus tax for my car. As we all know, that amount is not enough to replace my R, so I have been fighting them ever since. I stressed how rare and low production the car was but they wont budge from the NADA value of the car.

My claim was transferred from the Theft Unit to a Field Office where one representative is dealing with my case. She said she would call up dealerships and see if there are any ITRs for sale and how much they go for. I was thinking, great, of course dealerships are going to charge a lot for an ITR.

Then I got a call back yesterday, the representative said their value stands, saying they called dealerships and no one has that car (go figure) but they couldnt come up with a value that my car would actually sell for at a dealership.

They told me I can go the appraisal route, but it would cost me hundreds of dollars and one company told me I wont be able to get much more since the offer is close to KBB value.

I tried sending in for sale car ads but they rejected all of them since they are not in the same area, have mods, mileage not the same, pretty any reason to reject a car. I sent in cars listed for $15-17K, but they said those prices are asking prices and not selling prices. Saying that those cars would sell for $12K after negotiation.

So if anyone is willing to put their R up for sale (I'll paypal you the listing fee) that is in the Chicago land area, around 90K miles, as stock as possible, and 00 or 01, let me know. State Farm will call you asking how much you would sell the car for.

Link to my stolen car thread: https://honda-tech.com/zerothread?id=2281321

Anything else I can do?

 

There is a thread someone made just so insurance companies could sell what some of the Rs have sold for. If the ads don't work for you, you may want to talk to a lawyer and see what he says. Hell just mention a lawyer to your insurance company, I bet they will change their tune pretty quickly.

 

geesh, you're in chicago of all places... those in the chi-town area should chime in. i'd recommend just getting an appraiser and sticking it to state farm. ...sigh, and i have state farm as well. i've been in similar positions as you. don't let them dick you around. i'd help, but i have a 98

 

Appraisals shouldn't be "hundreds" of dollars. maybe a hundred or so. I too would mention to them the lawyer bit, just to see if they budge. This is exactly the reason I went the "Stated Value" route. Get an apraisal up front, and be done with.

Gl with the Ins. Co.

 

Sorry for your loss. Just keep refusing their offers. Ask them to find you a replacement (2000 ITR, 90k miles, and in the same condition yours was in pre-theft) and you will gladly pay them the deductible.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Dave_B &raquo;</TD></TR><TR><TD CLASS="quote">This is exactly the reason I went the "Stated Value" route. Get an apraisal up front, and be done with.
</TD></TR></TABLE>

Just be careful with a stated value policy. We had some problems getting the carbon fiber supercharged NSX-T insured (we wanted about $20k more insurance coverage than that of a stock NSX-T). State Farm offered a Staved Value policy...you paid for an appraisal up front, it was proformed, and they put it in your file. HOWEVER, if you read through the State Farm Stated Value policy, they had a clause in it that went something to the effect of "Pay out value will the be lessor of the stated value or the market value."

It has been over a year since I looked at it, but basically State Farm is saying that if something happens, they will look at your stated value and compare it to their current value (since cars are depreciating assets) and pay you the lower figure We went shopping else where and found a better stated value policy (Chubbs has great coverage for most vehicles).