Thursday, July 26, 2007

Insurance Companies Must Have one Dominant Law - Don't Pay Only Collect

Sure enough, the insurance company will not concede that a third-party professional appraiser is correct in their estimation of Diminished Value. They want to know how they arrived at 35% of the car's value to estimate the Diminished value. They want us to go to an AUDI dealership to confirm that it is no longer a AUDI certified used car. It was in an accident that required 5 hours of body repair. I wouldn't pay the money as a certified AUDI. If I buy a certified luxury used car I expect it to be in no accident - that is why I want a luxury car - for a wrecked car I can just buy a non-luxury car for pocket change. Buyers of luxury cars pay the extra money to get an "extra" clean car - no accidents!

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About Me

I am an engineer with a fortune 500 company, but willing to go somewhere else if the deal is right. I specialize in Digital electronics design including Field Programmable Gate Array (FPGA) design.