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Insurance Co disagreement about value of stolen trailer

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Old 01-05-2005, 04:25 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

If your laughing at that...your with the wrong insurer.
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Old 01-05-2005, 04:54 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

Unfortunately the trailer was stolen while sitting in a yard after being totaled. Well, totaled is my opinion since the ins never saw the trailer. It was T-boned by someone and by some strange luck the accident is considered my fault.

Called my contact person and pointed out the NADA values. I needed to mail some paperwork to her, so I included the NADA info. She is going to pass it to the dept that sets the value and see what they say. At this point I've already bought a new trailer and would rather wait a few weeks longer for the extra cash....
wish me luck.
Russ C.
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Old 01-05-2005, 05:15 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

Why would someone steal a totaled trailer??
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Old 01-05-2005, 05:18 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

Quote:
Originally Posted by t500hps
Unfortunately the trailer was stolen while sitting in a yard after being totaled. Well, totaled is my opinion since the ins never saw the trailer. It was T-boned by someone and by some strange luck the accident is considered my fault.

Called my contact person and pointed out the NADA values. I needed to mail some paperwork to her, so I included the NADA info. She is going to pass it to the dept that sets the value and see what they say. At this point I've already bought a new trailer and would rather wait a few weeks longer for the extra cash....
wish me luck.
Russ C.
Knowing this, I would say what they offered is fair.
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Old 01-05-2005, 06:14 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

T500hps,
About four years ago my one year old trailer for a 32 ' boat was stolen from the marina. Markel paid off full price minus $500 deductable. That was my first year with Markel and I expected a premium hike which did not happen.
What suprised me was the police saying there is a huge market for stolen trailers once you get into the 30 ' range. Guys steal trailers so they can pull a boat for repairs. Afterwards they sell it out of state or abandon it.

ed
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Old 01-05-2005, 09:30 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

Would you use this trailer???
I guessed it had salvage value in the aluminum and the axle could be re-used by someone (not me)
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Old 01-05-2005, 09:31 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

To owners of valuable trailers ! Watch for the new trailer locks that STERNLOCK is coming out with shortly.I had the prototype for about 2 weeks and showed to the insurance company I write my high performance policies with and they loved it. A brief description of the lock is that it is similar to the tire boot that police use on improperly parked vehicles.

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Old 01-05-2005, 09:35 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

The profit from stealing that size aluminum trailer for scrap metal is reason enough to steal it.
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Old 01-05-2005, 10:45 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

holy crap that trailer was messed up! was the boat on it?? and how would that be your fault that it got hit in the side like that?

I would also bet that the scrap value alone for the aluminum would be around 500-700 bucks. So yeah someone would steal it for that.
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Old 01-05-2005, 11:16 PM
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Default Re: Insurance Co disagreement about value of stolen trailer

The only two vehicles I had to deal with insurance over began with:

#1) Their ridiculously low offer.
#2) My two dealer-supplied ridiculously high estimates
#3) The most recent, area-appropriate NADA retail price, adjusted for options and mileage.

In both cases, they paid the NADA value.
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