Ray Karpis
Footballguy
I was in a wreck a few months back...fault of the other driver. I filed a claim on his insurance, and they took care of all repair costs, rentals, etc. Cost of repair was approx. $3500.
Following the repairs, I sent the repair invoice to my county assessor and asked them to take the wreck into account and reflect that on my new personal property tax assessment. I just got the new assessment and they attributed $4100 in LOST value to the vehicle. FMV went from 11,100 to about 7,000.
I frankly was surprised they assessed the lost value so high. I've heard from others having gone through this that it usually is a percentage (25-35%) of the repair cost. In this case, it exceeds the cost of repair.
In any event, I sent this information to the insurer and let them know I would be seeking $4,100 in damages in small claims court. They contacted me and offered $1,000.
I honestly think $1,000 is probably in the ballpark, but obviously they have room to go up if that was their initial offer. I think I have some leverage given the county assessor's number, though I seriously doubt its accuracy.
Anyone been through this before? What would you counter with? I'm interested in getting a fair number...not interested in trying to get more than what I'm entitled to. The truck looks better than before the wreck.
TIA.
Following the repairs, I sent the repair invoice to my county assessor and asked them to take the wreck into account and reflect that on my new personal property tax assessment. I just got the new assessment and they attributed $4100 in LOST value to the vehicle. FMV went from 11,100 to about 7,000.
I frankly was surprised they assessed the lost value so high. I've heard from others having gone through this that it usually is a percentage (25-35%) of the repair cost. In this case, it exceeds the cost of repair.
In any event, I sent this information to the insurer and let them know I would be seeking $4,100 in damages in small claims court. They contacted me and offered $1,000.
I honestly think $1,000 is probably in the ballpark, but obviously they have room to go up if that was their initial offer. I think I have some leverage given the county assessor's number, though I seriously doubt its accuracy.
Anyone been through this before? What would you counter with? I'm interested in getting a fair number...not interested in trying to get more than what I'm entitled to. The truck looks better than before the wreck.
TIA.