[DougD]

Originally Posted by jhv48

Your car is only worth what it is worth at the time of the accident. No more, no less. If my cobra is totaled, it will be valued at whatever similar cars have been sold for in recent sales. State Farm would survey similar sales and then submit a bid to me. If I don't agree with their valuation, all I need to do is provide additional evidence to support my valuation.

Seems fair to me.

I hope you never have to use your Cobra insurance. Without an agreed value policy, you will be nearly defenseless. Leaving the value determination to the company, after the fact, is simply assuring yourself that there will be a fight, and that you will be paying for it. Better line up your attorney now, and start collecting similar sales info. Good luck finding Cobras just like yours for comparables. A FFR is the same as an ERA, isn't it? A Kirkham looks just like a CSX. Same values, right? Oh, boy, are you going to be pissed. "All I need to do is....."