a truck ran into the back of my wifes c4, now nationwide is handling the claim. anyone have any experience with them or advice on how to handle? i think the car is totalled but i havent heard back from the ins co yet. how do they determine the value of a 1992 coupe with over 100,000 miles?

 

I HAD my insurance with Nationwide...(note the past tense). Wasn't satisfied at ALL with the way my agent handled claims. But don't know if it was her...or the company. Either way they lost all my business. Good luck!

 

Value, mid book. Theres a knock for the miles.
Book:
92 wholesale $9650.
retail $14,150.
You should get between 10k and 12k.
HTH.

 

thanks for the help i will find out how they do this on monday,hopefully

 

:( Good luck with the claim.

 

Don't have Nationwide here, but sorry about your C4, good luck with the settlement :cheers:

 

regional values will affect this a couple hundred $$ each way...

Good luck!!! I hope they don't screw you too hard... have reciepts, too. If you had anything major done in the last 6 months or so...

 

Based on my experience and experience of others, Nationwide uses a company by the name of CCC Information Services to determine value on first party claims. It appears from your post your loss is a third party claim with Nationwide. I anticipate Nationwide would use CCC for third party claims as well. The following quoted information was taken from my CCC/Nationwide Vehicle Appraisal. “CCC maintains a vehicle database containing inspected dealership vehicles along with the dealer and private party advertised vehicle information.” CCC selects four vehicles that are “most similar” to the loss vehicle. “Factors that determine similarity are:
· Nearness to the loss vehicle’s primary garage location
· Equivalency of model, equipment, and odometer
· Precision of the data (inspected versus advertised)
The adjusted Value represents the price of the comparable if configured exactly as the loss vehicle. Your valuation has been prepared in compliance with Title 28 Section 21.203 of the Texas Administrative code.”

Your loss may result in a fare smooth claim process. Be warned, it appears that has not been the case for many. After receiving what appeared to be a compressed settlement offer, I researched CCC’s four comparison vehicles as well as their comparisons involved in a secondary offer. I interviewed the owners of all and performed physical inspections with support video and stills on some. CCC’s appraisal listed all four comparisons as convertibles with some duplicated options. The appraisal omitted mileage information on two high mileage comparisons which were 147,000 and 96,000. The mileage on the two was noted as unlisted. Two of the comparisons were coupes not convertibles. The Auto Trader ad used by CCC on one comparison included a picture clearly showing it to be a coupe. The duplicated options proved to be very inaccurate. One of the comparisons had been wrecked and repaired which involves diminished value. One of the comparisons though listed as a convertible included T-tops as one of the vehicle’s options. Such itemization reflects a disregard for proper information, which would result in misrepresentation of value.

After informing Nationwide specifics as to why their appraisal was inaccurate, they continued to willfully use the misinformation in making a second settlement offer. Further, I found that I am not alone in the Dallas area experiencing claim misrepresentation with Nationwide. I have personally met with others.

A recent class action lawsuit filed against Nationwide companies and CCC alleges that Nationwide Companies adjusted “total loss” automobile claims incurred by its insureds based upon valuations of the total loss vehicles provided by CCC. The lawsuit alleges that the payment for total loss claims by Nationwide based upon CCC valuations did not represent fair retail value for the purchase of a comparable replacement vehicle. Reference http://www.whitworthsettlement.com/n...orth_home.html

Nationwide is not necessarily on your side. If your vehicle is not determined to be a total loss, be aware that some have experienced misrepresentation of known damage. Keep us posted as to your development.

Good management to you!

 

Wow sorry to hear that...


~~~~~~~buzzards flying overhead~~~~~~~~~~

What color was the interior? I need a Red Leather seat back cushion.. :D

 

Dayum 4Cee,

Next time I fight with an insurance company, you're hired :yesnod:

Great research information and thanks for posting it here for the world (at least our little world) to see.

:cheers: :seeya :flag

 

Well today i found out how much they are going to give me for my car. with 110,000 miles on it they will give $13,764.50 this seemed fair so i took it . thanks to everyone for the help.

 

Congratulations on a quick and successful claims process!

 

Thanks for the comment StreetNight. Unfortunately it probably won’t be long before your working another insurance case. Florida . . . . hmmm, that would be one heck of a commute don’t you know.