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  #41  
Old July 7th, 2016, 12:08 AM
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1995 Defender 90 NAS
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All Great information.

My truck is a 1995 soft top. I have Land Rovers gray removable hard top on it.

-----------------------------------

The USAA guy told me that to figure out the value, they would ask 3 local Land Rover Dealerships what they would be selling the truck for if it was sitting on their lot. I think I am OK there.

Dean told me that he needs to spend a day with the truck, but that the damage did not look that bad, and I did not have to worry about any situation of it being considered totaled. He told me that right now Insurance Companies are throwing values for Defenders at around 32k.

The USAA Estimator said it was about 4k of Damage - but that my Land Rover Speciality shop would 'certainly find more' once they got into the truck. He said that happens 9 out of 10 times, and he almost always approves all that the shop finds.

So The Defender goes to Dean (Independent) on Friday. Dean and I are planning to meet at his shop and go over the truck next Tuesday.

I figure I will know a lot more then.

Thank for everyones help and advice!

FLAGG
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  #42  
Old July 7th, 2016, 06:56 AM
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I'm glad you're dealing with USAA. They're fair but, need guiding. $32k is a steal for them. Unless of course, the truck is rusted out, scratched up, etc... It looked well maintained in the picture. I think the three dealership concept is a bit of an easy out for them; try to push the collectors angle. Maybe get them to the mid $60k range.
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  #43  
Old July 7th, 2016, 07:08 AM
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You can usually hire a third party to perform a valuation if necessary. Everything is negotiable. I personally have learned to be actively involved with the entire process is helpful. The more pressure and oversight they feel the sharper they have to keep the pencils. That goes for shops doing work as well. Dean is a great guy but he has a business to run and shit happens. Help yourself by staying involved and learn stuff along the way that might payoff in the end.
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  #44  
Old July 7th, 2016, 07:22 AM
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Quote:
Originally Posted by 1of40 View Post
You can usually hire a third party to perform a valuation if necessary. Everything is negotiable. I personally have learned to be actively involved with the entire process is helpful. The more pressure and oversight they feel the sharper they have to keep the pencils. That goes for shops doing work as well. Dean is a great guy but he has a business to run and shit happens. Help yourself by staying involved and learn stuff along the way that might payoff in the end.
Good points. It's within your right to get a third party involved but, it is at your cost. Bring it up if the value they come up with isn't to your liking.
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  #45  
Old July 7th, 2016, 09:30 AM
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As long as they are not totaling it, you should be good. Dean can work with the adjuster on hidden damage. Make sure they price parts at Land Rover genuine prices (even if the parts are not available). Also, how cars are valued for insurance varies state to state, but unless you are in or near a totaled situation that does not matter much.
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  #46  
Old July 7th, 2016, 09:59 AM
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Yes and no. Your truck isn't even close to totaled so it won't much matter what the total valuation is. But I wouldn't want the outcome of any financial transaction with an insurance company residing in the hands of what somebody at a dealership says the vehicle is worth. Especially if they aren't going to evne see the vehicle in person before attempting to place a value on it. There are established methods for ascertaining the true market value of a vehicle and as far as I know, that isn't one of them. What's wrong with the KBB or NADA valuations or just looking at historical sale prices for recently sold vehicles in this area. Not that geography plays much role in the valuation of collectible vehicles. Where this could matter is in the event your vehicle gets totaled in future incident. Then you might be in trouble if they have previously decided on a low-ball valuation.



Quote:
Originally Posted by Flagg View Post
-----------------------------------

The USAA guy told me that to figure out the value, they would ask 3 local Land Rover Dealerships what they would be selling the truck for if it was sitting on their lot. I think I am OK there.
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Present:
1960 SII 109"- "Red Square"
1984 90 Tdi- "Yamelo"
1988 RRC- "Chewbacca"
1987 RRC- "Chewy 2"
2008 RRS SC- "The Supersofa"

Past:
1959 SII 88"- "The Little Green Beastie" last seen in NY
1972 SIII 88"- "GreenHELL" now in NC
1988 90 "Eric the Half a Bee" half a truck, sold for parts
1991 RRC- never got a name- long since recycled
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  #47  
Old July 7th, 2016, 01:07 PM
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Brent McDonald
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I am reading this with interest. I too have USAA and do not have an agreed upon value policy. I have put a lot into my 88 110 SW and am concerned about value in an accident. I read through the posts and didn't see what type of policy you have. I may have missed it. Was it standard or agreed value?
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  #48  
Old July 7th, 2016, 05:16 PM
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1995 Defender 90 NAS
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Brent,

I have standard USAA insurance. They 'advised' me to do 'agreed value' insurance a few years ago when I inquired. They are affiliated with a company that does it. The problem is that my Defender has always been parked outside. I hit a stone wall with all the collector insurance companies that I called, on this issue of not being in a garage.

I am thinking for the first time in 21 years it will have a new paint job - and probably look better than ever after leaving Dean's shop.

I think it is time to protect my investment. I am looking into a storage place a couple miles from my house, where I can rent a 10x15' bay. I can switch cars all the time. My goal would still be to drive the truck on a lot of errands. But finally get it out of the sun, rain, tree sap, bird droppings, leaves, sticks, snow, etc. And stop having to wipe the floorboards out every time it rains

If I go this route - I am going to pursue 'agreed value' insurance once again.

FLAGG
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  #49  
Old July 8th, 2016, 07:57 AM
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Here's a quote I got a year ago. Notice I didn't want collision.
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  #50  
Old July 8th, 2016, 10:29 AM
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Yeah - that American Collectors Insurance is the affiliate company that USAA send me too. But they would not be willing to do anything if it was not kept in a garage……….

As I said - I may be trying to get my Defender in a garage this fall. If so, I am pursuing this for sure!

FLAGG
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  #51  
Old July 12th, 2016, 03:15 PM
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Flagg
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Flagg
1995 Defender 90 NAS
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I towed my Defender to Independent Land Rover on Friday. Dean looked over my truck yesterday. I drove down to see his shop, and meet him for the first time today.

I can not imagine a better first impression than I got today.

Dean spent 2+ hours with me. We went over my truck bumper to bumper. He also showed me some other Defender projects he is working on.

I am confident that my Defender is in Fantastic hands.

Thank you for referring me to him! I think this is going to be the start of a long relationship.

FLAGG
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