Quote:
Originally Posted by GGG
Understand what the arbitration process like within your insurance, what your rights are and there obligations. Then you know your options.
Your insurance company is incentivized to settle the claim for the lowest possible value quickly without spending resources on appraisals, arbitration, or even just call center time. So they have a nice person who is just trying to help get you money so you can move on.
They have a number internally that they will settle for that is greater than the number currently offered. So you need to negotiate until they no.
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Exactly this.
I’ve had one vehicle where I ultimately got 50% more than initial offer (crappy first car). And 2nd vehicle (mid size nice sedan) also got nearly 50% more than initial. Had records of work done on both, I did a LOT of work finding comparison vehicles within 500-750km and plus/minis 1 year. And I dragged things along for a few weeks. So was happy with both of those.
And most definitely be nice as possible to your insurance rep as they don’t need stress and may actually help you towards a resolution closer to your ask.