Is the Insurance Company Valuing Your Write-off Fairly?

What To Do when your car is written off in an accident/theft and you are not sure the insurance company is being fair in their compensation offer:

For most of us, this set of circumstances is a once in a lifetime event so we feel at sea amongst the whirlwind of events. The insurance company knows all the rules, you are very new at it.

When the insurance company makes their offer, ask them to send you the report that explains how they came to the amount. This report is normally prepared for the insurance company by JD Power or AutoDatasource.

Read this report, it contains a lot of detail:

The description of your car/truck, all its options and its trim level.
It describes its condition, previous damage etc., and the mileage.
It lists comparable vehicles to yours in your geographic area.
It calculates asking prices, less a negotiating discount (normally 5%).
It calculates a positive or negative factor for the mileage showing on your vehicle.

Questions to ask yourself:

Is the vehicle that the insurance company is describing a correct version of your car?
Do they have the correct trim level, and the correct options?
Is their description of your car appropriate?
If they indicate that there was previous accident damage, is that appropriate?
Did the insurance company compare your vehicle to ones that have a similar amount of mileage? It’s not uncommon for the insurance company to use comparables that have much higher mileage.
If you believe they have used inappropriate comparables, there may be a phone number that you can call to check with the dealer that was advertising the vehicle, by calling them you may be able to clarify the situation.
If your vehicle is under 5 years old and you purchased it new, are they comparing your vehicle to ones being sold by a franchise dealer?
Is the type of transmission (manual or automatic) a factor in the market value of your car?
Did you purchase an extended warranty from the dealer or from a warranty specialty company when you purchased your car? Have you claimed a credit for the outstanding balance of the warranty remaining? Some franchise dealers do not offer this possibility, but it is worth asking. Some dealers offer credits in this regard if you purchased another vehicle from them.

Many people who contact us in regards to an insurance claim dispute misunderstand the process that is mandated by law. Once the insurance company makes you an offer, unless the amount is egregiously inappropriate, or they have made a factual error, the ball is now in your court to give them a second opinion on your behalf from a company like ours.

If a settlement cannot be accomplished after submitting a second opinion report, the next stage is to submit the two competing opinions to an umpire. The umpire is chosen from individuals submitted by you (the owner) and those preferred by the insurance company. We normally advise you on names of umpires prepared to undertake the case which will depend on if they have a conflict of interest.

Lipstick on a PigLIPSTICK ON A PIG
Avoiding Life’s Lemons

Lipstick on a Pig features excerpts from the vast library of Maurice Bramhall’s experiences.

1966 Jaguar E-Type coupe

1966 Jaguar E-Type coupe

FOR SALE: 1966 Jaguar E-Type coupe

This car comes with a 40 year service, restoration and Jaguar Club show history. More information on the listing page.



1957 Ford Thunderbird

1957 Ford Thunderbird

FOR SALE: 1957 Ford Thunderbird

This car has been 20+ years with this owner. More information on the listing page.



1968 Jaguar E Type Roadster Series 1.5 BRG

1968 Jaguar E Type Roadster Series 1.5 BRG

FOR SALE: 1968 Jaguar E Type Roadster Series 1.5 BRG

The owner has a documented service history going back to 1981. More information on the listing page.



1973 Jensen Interceptor Series III 440 V8

1973 Jensen Interceptor Series III 440 V8

1973 Jensen Interceptor Series III 440 V8

FOR SALE: 1973 Jensen Interceptor III, 44 year old vehicle with a 440 V8 engine and a 3 speed auto 727.

Come back soon for more vehicles. Or join our email list for updates

Jensen Interceptor Enthusiast?

Take a peek at our list of Jensen Interceptors For Sale!

1960 DeSoto Adventurer

1960 DeSoto Adventurer

FOR SALE: 1960 DeSoto Adventurer

This car has just undergone a multi restoration of the body, paint, and mechanical. More information on the listing page.



What Does “Original” Mean?

I read the latest news and a company in the U.K. (Swindon Powertrains) is going to be selling a Crate electric engine starting at the end of next year. They are going to be building an electric motor and transmission that you will be able to install in a wide range of Classic vehicles, even in a Mini. Prince Harry and Meghan Markle drove away from their wedding reception in a Jaguar E-Type with an electric powertrain.

The whole originality concept is being stretched over a very wide range. Is a concours quality Jaguar E-Type with an electric powertrain original, custom, or modified? Will the selling prices for these vehicles match the original or be possibly higher? Is there going to be a special category now at concours events for electric powered Classic vehicles? If I certify that my Classic can be reverted to original by swapping out the new powertrain, is the car still original? Would you convert your Classic?


Lipstick on a PigLIPSTICK ON A PIG
Avoiding Life’s Lemons

Lipstick on a Pig features excerpts from the vast library of Maurice Bramhall’s experiences.

Why Use A Professional Automotive Trim Craftsman?

I see many restored vehicles. The ones that are done by the owner or the owner’s mechanic nearly always have poor quality trim work. The seat covers don’t fit properly, and the rebuilding of the internals is so poor as to not supply proper support.

Many owners of classic vehicles see no purpose in paying for quality workmanship when installing interior trim. This is extraordinary in that the area of the car that you see the most is where you sit.

I remember many years ago when I went to see a Corvette which the owner had paid a mechanic to restore, it had brand new seat covers installed but the internals of the seat were left with fill material as old as the car. The mechanic had been the only person to sit in the seat and the seat was only a couple of weeks old but the leather was already distorted. When I mentioned this to the mechanic, he told me that the owner of the car was fat and that it would make no difference. When I pointed this out to the owner, he was not amused.

When I was in the Rolls-Royce restoration business, I was lucky enough to have a European craftsman in trim work close to my shop. His interiors were built to last 30 years, and look good for the entire period. Fat or thin made no difference.


Lipstick on a PigLIPSTICK ON A PIG
Avoiding Life’s Lemons

Lipstick on a Pig features excerpts from the vast library of Maurice Bramhall’s experiences.

We have Qualified, Serious Classic Car Buyers Waiting!

We want your classic carWe have enthusiastic buyers waiting for your classic. We can help send your classic car, truck or bike to a good home.

Take a look at the list of vehicles we are currently searching for.

Buyers are waiting. Contact us now to discuss.

British Car Day 2017

British Car Day in Toronto

Hosted annually at Bronte Creek Provincial Park (just west of Toronto) by the Toronto Triumph Club, British Car Day features over 1000 beautiful classic cars, bikes and buses.

This show is of interest to any level of enthusiast or those just plain curious. It’s totally relaxed, bring your car, truck or bike, it’s not a snooty Concours.

Are you buying at British Car Day? We can help by providing professional appraisal services.

If you are new to classic car buying or are looking for a set of experienced eyes and ears to augment your own, Give us call. We are ready to help, our fees are more than reasonable!

British Car Day
September 17, 2017
Bronte Park, Oakville Ontario

We have a tremendous amount of experience in selling estate assets, ask us for more details.