what should i tell the ins company my 89 was worth?
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Joined: Dec 2000
Posts: 1,271
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From: stallings,n.c.
Car: 1989 camaro rs convertable
Engine: 305 tbi
Transmission: 700r4
Axle/Gears: 7.5"3.42 gears forth gen 2000 camar
what should i tell the ins company my 89 was worth?
i got rearended and probably totalled.150000 miles 305 auto.no rust car.paint bad but only body damage before was minor on the quarter panel.top needs replaced.goodmark cowl hood.2000 camaro posi disc brake rear.lsi front brakes.subframe connectors.y2k corvette wheels.new tires on back.i know the pic doesn't show corvette wheels.
Joined: Dec 2001
Posts: 9,947
Likes: 644
From: Chicagoland
Car: 1989 IROC-Z. Original owner
Engine: LB9. Dual Cats. Big Cam
Transmission: World Class T-5
Axle/Gears: BW 3.45
Re: what should i tell the ins company my 89 was worth?
More than likely the insurance company will tell you what they think it's worth.
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Joined: Mar 2001
Posts: 14,298
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From: Doghouse ······································ Car: 1989 Formula 350 Vert Engine: 350 L98 Transmission: 700R4 Axle/Gears: B&W 3.27
Car: 87 Formula T-Top, 87 Formula HT
Engine: 5.1L TPI, 5.0L TPI
Transmission: 700R4, M5
Axle/Gears: Sag 3.73, B&W 3.45
Re: what should i tell the ins company my 89 was worth?
Here is what you do...
go to the following web sites, and use them as a reference.
cargurus: http://www.cargurus.com/Cars/invento...sModified=true
Cars.com
http://www.cars.com/for-sale/searchr...=GN_REFINEMENT
Autotrader
http://www.autotrader.com/cars-for-s...=CONVERT&Log=0
Nada
http://www.nadaguides.com/Classic-Ca...ertible/Values
edit:
one thing I noticed is I could not find a single 1989 Convertible RS or base (same thing in 89) so you might have to look at different years, and avoid edmunds...
go to the following web sites, and use them as a reference.
cargurus: http://www.cargurus.com/Cars/invento...sModified=true
Cars.com
http://www.cars.com/for-sale/searchr...=GN_REFINEMENT
Autotrader
http://www.autotrader.com/cars-for-s...=CONVERT&Log=0
Nada
http://www.nadaguides.com/Classic-Ca...ertible/Values
edit:
one thing I noticed is I could not find a single 1989 Convertible RS or base (same thing in 89) so you might have to look at different years, and avoid edmunds...
Last edited by okfoz; Feb 23, 2015 at 10:50 AM.
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Posts: 14,298
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From: Doghouse ······································ Car: 1989 Formula 350 Vert Engine: 350 L98 Transmission: 700R4 Axle/Gears: B&W 3.27
Car: 87 Formula T-Top, 87 Formula HT
Engine: 5.1L TPI, 5.0L TPI
Transmission: 700R4, M5
Axle/Gears: Sag 3.73, B&W 3.45
Re: what should i tell the ins company my 89 was worth?
If you have the receipts for the extra parts, get those, and give them to the insurance company...
Edit:
They will not pay you for the normal maintenece things like water pump or tires, radiator, etc... They might do tires if they were new...
I would hope they would take care of upgraded things like the Upgraded Brakes, the upgraded wheels, and cowl hood...
But receipts is what you need
John
Edit:
They will not pay you for the normal maintenece things like water pump or tires, radiator, etc... They might do tires if they were new...
I would hope they would take care of upgraded things like the Upgraded Brakes, the upgraded wheels, and cowl hood...
But receipts is what you need
John
Last edited by okfoz; Feb 23, 2015 at 10:49 AM.
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From: WINDSOR, CO
Car: 91 Z28, 87 SC, 90 IROC, 92 RS
Engine: LS1, 305 TPI, L98, NADA
Transmission: T56, 700r4's, and NADA
Axle/Gears: 3.89, 3.42, 3.23, NADA
Re: what should i tell the ins company my 89 was worth?
Might use another insurance companies valuation tools to help....
http://www.hagerty.com/valuationtool...ort?vbe=130451 This was for mine BTW, but you can look up an 89
http://www.hagerty.com/valuationtool...ort?vbe=130451 This was for mine BTW, but you can look up an 89
Moderator
Joined: Mar 2001
Posts: 14,298
Likes: 197
From: Doghouse ······································ Car: 1989 Formula 350 Vert Engine: 350 L98 Transmission: 700R4 Axle/Gears: B&W 3.27
Car: 87 Formula T-Top, 87 Formula HT
Engine: 5.1L TPI, 5.0L TPI
Transmission: 700R4, M5
Axle/Gears: Sag 3.73, B&W 3.45
Re: what should i tell the ins company my 89 was worth?
It surprised me... My wife totaled our 05 Buick Rainier, it was in really good condition, but they offered me $6400 - $1000 (deductible) I was able to buy one with not quite half the miles for $7900, one year newer...
It depends on what company you have, and the condition of the car beforehand. I was sure they were going to offer me $3500 or something.
It depends on what company you have, and the condition of the car beforehand. I was sure they were going to offer me $3500 or something.
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Joined: Jun 2013
Posts: 497
Likes: 4
From: El Sobrante, California
Car: 1984 z28
Engine: Crate replacement L31R 350
Transmission: T56
Axle/Gears: 7.625" 28 spline 3.23
Re: what should i tell the ins company my 89 was worth?
It surprised me... My wife totaled our 05 Buick Rainier, it was in really good condition, but they offered me $6400 - $1000 (deductible) I was able to buy one with not quite half the miles for $7900, one year newer...
It depends on what company you have, and the condition of the car beforehand. I was sure they were going to offer me $3500 or something.
It depends on what company you have, and the condition of the car beforehand. I was sure they were going to offer me $3500 or something.
Joined: Jan 2013
Posts: 3,038
Likes: 52
From: Newtown, CT
Car: 1987 IROC Original Owner
Engine: LB9
Transmission: M39 MM5
Axle/Gears: G80 G92 J65
Re: what should i tell the ins company my 89 was worth?
Whatever you do, don't let them take the car - keep the car and negotiate a buy back. That way you keep most/all your parts that you can use again or sell.
Joined: Dec 2001
Posts: 9,947
Likes: 644
From: Chicagoland
Car: 1989 IROC-Z. Original owner
Engine: LB9. Dual Cats. Big Cam
Transmission: World Class T-5
Axle/Gears: BW 3.45
Moderator
Joined: Mar 2001
Posts: 14,298
Likes: 197
From: Doghouse ······································ Car: 1989 Formula 350 Vert Engine: 350 L98 Transmission: 700R4 Axle/Gears: B&W 3.27
Car: 87 Formula T-Top, 87 Formula HT
Engine: 5.1L TPI, 5.0L TPI
Transmission: 700R4, M5
Axle/Gears: Sag 3.73, B&W 3.45
Joined: Aug 1999
Posts: 5,279
Likes: 472
From: RI
Car: 1984 Camaro Berlinetta
Engine: LT1
Transmission: T56 6-speed
Axle/Gears: 4.11 LS1 Rear End
Re: what should i tell the ins company my 89 was worth?
Here in RI the state bases a cars "worth" according to the most recent NADA guidelines. If you were to buy an 86 IROC here today,... they TAX YOU based on the NADA "average" price for an 86 IROC. ( they base the sale tax on "book value,.. NOT the sales price; this is true here for many older "muscle" cars here in RI - they are called "cars of special interest" so they can rape taxpayers that like to rebuild old cars. ) Since that valuation is what the state makes us pay taxes on that should be the baseline for any claim with the insurance company.
Additional upgrade parts would need to be assessed after the NADA valuation is accounted for. So if you never got the car appraised before the wreck,... like okfoz said; bring your receipts for the aftermarket stuff that was wrecked !!
According to NADA; the average retail book value - & the starting point for your 89 Convertible 305 RS with the INS company - is $5700.
http://www.nadaguides.com/Classic-Ca...ertible/Values
Additional upgrade parts would need to be assessed after the NADA valuation is accounted for. So if you never got the car appraised before the wreck,... like okfoz said; bring your receipts for the aftermarket stuff that was wrecked !!
According to NADA; the average retail book value - & the starting point for your 89 Convertible 305 RS with the INS company - is $5700.
http://www.nadaguides.com/Classic-Ca...ertible/Values
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