Progressive Ins. wants to buy my boat???
03-17-2011, 03:04 PM
#41
Audio fin summed it up pretty well.... they will either offer the customer a choice of the boats they found and the price they can be bought for or a check for an equal amount.... it sounds as if the policy was an actual cash value policy and not an agreed value policy so they are most likely trying to establish the acv so they can settle the claim...
03-17-2011, 03:42 PM
#42
OSO OG
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03-17-2011, 03:54 PM
#43
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03-17-2011, 10:21 PM
#44
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Dont do the wire thing have them bring CASH and then we will see how serious they are. I one had check wired from a bank and I was there when they did it and there was a problem a few days later and they ripped the money out of my account. Was selling a car for my bro in law.....Took 1 week I had to go to his house with the flatbed and threaten him Bingo cash in hand.
03-19-2011, 09:01 AM
#45
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What if you open a special account to have the money wired too, then when it is there you release boat and sign title over. Then go and pull money out and close account. Anyone know a reason not to do that? Better then carrying big $$ around with you.
03-19-2011, 10:58 AM
#46
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Tj,
the problem is that your bank will require you to return the cash to the account or will sue you if you don't....there are all kinds of scams these days with certified checks, your bank shows the money in the account, you take it, then a few weeks later, bank calls and tells you the cc was not legit and you need to return the funds......law allows that in Fla.....be extra careful, I call the issuing bank and have them confirm that the cc is valid before I transfer funds out of the account relating to the cc............wires are a little different, but also not 100% safe.........
the problem is that your bank will require you to return the cash to the account or will sue you if you don't....there are all kinds of scams these days with certified checks, your bank shows the money in the account, you take it, then a few weeks later, bank calls and tells you the cc was not legit and you need to return the funds......law allows that in Fla.....be extra careful, I call the issuing bank and have them confirm that the cc is valid before I transfer funds out of the account relating to the cc............wires are a little different, but also not 100% safe.........
Racer
