[W126 Coupe] I'm may be getting screwed, I need help in establishing value on my SEC for insurance claim

[Ernie Stephens]

Doug,
Our world has changed, "Change" being the operative verb, but I believe that you are entitled to reimbursement for your actual cash value loss.  If  the insurance adjuster can replace your 1991 560 SEC with another like kind i.e.:  94K, color, wear and tear, etc. much like what you had and he can get for you for $7800 (including taxes, license and any other expenses) you probably have no option but to accept his offer.  On the other hand, if he can't do that,  you have a valid argument that can be taken into mediation.  My 87 560 SEC has 205k, upholstery is worn, needs two tires, inexpensive wheels, a nice but aging black paint job and I'm not selling mine for a lousy $7800 unless I can buy something just as nice if not better for $7800.  If you are not happy with the offer take it to mediation prepared with your argument and you should win if the facts support your argument.
Good luck,
Ernie
----- Original Message ----- 
  From: Markus Meyer<mailto:markusfmeyer at gmail.com> 
  To: Mercedes Coupes Mailing Lists<mailto:mbcoupes at mbcoupes.com> 
  Sent: Wednesday, November 11, 2009 7:16 PM
  Subject: Re: [W126 Coupe] I'm may be getting screwed,I need help in establishing value on my SEC for insurance claim


  Doug,

  Here's the problem - the price on our cars has tanked big time.  I don't know of many in the 5 figures anymore, no matter what the book says.  One of the reasons I have agreed to value on mine.  Anyhow, I'd suggest trolling recent sales on ebay, ads on hemmings, autotrader, etc.  Keep in mind, asking prices aren't indicative of actual value or selling prices.

  Unfortunately you are the second person in the past 2 days I've heard being hit in their low mileage prized SEC.

  Best of luck with it all.

  Markus


  On Wed, Nov 11, 2009 at 9:06 PM, Doug Gavin <dlg1936 at gmail.com<mailto:dlg1936 at gmail.com>> wrote:

    Hi All, I need some help please ASAP. I was clobbered in my '90 SEC last Thursday by a Toyota Tundra full size pick up. My car was nearly perfect with 94K miles. The other driver was 100% at fault and his insurance takes full liability on his part. The left side took the hit and sent me sideswiping a telephone pole.

    Here is my problem. The insurance company has put a value of $7800 on the car. The car is repairable but it will be close to the $7800 and they may want to total the car. I want it repaired as it is mostly sheet metal damage. Can any or all of you provide me with recent sales of or advertisements of '90 or '91 SECs that can establish the true value of this fine car? 

    NADA Classic, Collectible Exotic etc places the value on an '89 for high value at $14,300  I'm not unreasonable but I can not imagine finding a '90 near perfect (in every respect) 94K mileage car for $7800. Pleas help me out and gather substantiation for me or suggest sources other than e bay or Hemmings to present to the insurance adjuster on Friday afternoon. Thank you 

    Doug in Houston

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