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Reply to "Car Insurance Company Lowballing Payment for Totaled Car"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've gotten more for providing receipts for recent repairs and improvements but also for making sure they were pricing the correct package and options for my car. What data can you provide on condition for your vehicle vs. their comps? Also do you have data that the mileage adjustment shouldn't be linear? What assumptions do KBB and NADA use? You should be able to determine whether they think it's linear or not. if they use linear, or you find prices for comps in the real world change linearly, then I would present that data to them. They want to get rid of you/close the claim, so the more of a pain you are to them, the more you might get. I assume they've added taxes, tags, registration already?[/quote] I just looked at my report from 2016 and they did use linear at 1.5 cents a mile. Our car had 225k and comps had 172k down to 81k. This was done by AutoSource.[/quote] Yes mine is not linear it and it irritating me because it appears they are intentionally skewing the numbers with a non-linear formula to justify a lower payout. The formula gives smaller adjustment per mile for the car with more miles than mine and it gives the largest adjustment per mile for the comparable car with the lowest miles. [/quote]
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