Insurance ?
- Thread starter sloazcrx
- Start date
- Replies 25
- Views 2K
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lowandslow
Senior Member
yea, i know what ur saying..absolutely. and ur right, bhp and whp. i wasnt thinking of that, but i wasnt trying to get at anything either 
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Insurance companies (most) use a service known as CCC to obtain the local retail value of a vehicle at the time of loss. It is VERY similar to a house appraisal. It looks for cars like yours in the area with similar options and gives a high, mid & lo value. Depending on your car's pre-existing condition, the appraisor will offer the lo, mid or hi value.
If the vehicle is old, 1993 2-door Accord for example, they will go by the NADA retail value and deduct for mileage plus pre-existing damage then add taxes & fees to come up with an offer.
most all repairs on older vehicles (3+ years) are done using aftermarket parts of like kind & quality in order to keep your insurance rates lower not to cut corners.
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They should have introduced an updated look of the old GTO, like Ford did with the new Mustang.
we call those parts 'salvage parts'
they are actually OEM parts but are off an already totaled car that has been sitting in some salvage yard for God knows how long before you needed them to save some $ getting your vehicle repaired.
Some shops try to use these rather than the aftermarket parts on the estimate and not tell the insurance company nor the owner. That's why we reinspect PRIOR to paint
