We recieved a huge report when our '07 Dodge Grand Caravan was totaled last month. Here are a few direct quotes from that estimate.
They took pricing data from dealer inventory from as far away as 95 milse, as well as Autotrader.com. They used close to 40 examples to determine our payout.
Quote:
Allowances are factors influencing the value of the loss
vehicle when compared to a typical vehicle. The typical
vehicle is a vehicle of the same year, make, and model as
the loss vehicle, including average mileage, and all
standard and predominant equipment. These allowances
are illustrative only. The Proposed Settlement Amount is
calculated entirely from the comparable vehicles with
adjustments to reflect the loss vehicle configuration.
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Quote:
<Insurance Company> uses Condition Inspection Guidelines to determine the condition of key components of the loss
vehicle. These guidelines are specific to geographic location, year, and vehicle type. The guidelines describe physical
characteristics for each of the vehicle components. Based on these guidelines, <Insurance Company> has determined the
condition of the vehicle prior to the loss.
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Television is more interesting than people. If it were not, we would have people standing in the corners of our rooms. If parents would spend less time worrying about what their kids watch on TV and more time worrying about what's going on in their kids' lives, this world would be a much better place.
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02-15-2010, 11:07 PM
What happened?
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