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The best way to get the maximum value for your car is to keep full documentation of all repairs completed on your vehicle. I've had ICBC pay me the full cost of certain types of repairs on my car after it was totalled. Sure, a couple were pro-rated, but in their eyes it increased the value of the car, so they were willing to part with the extra cash as part of my settlement. |
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Just having an appraisal will not get you more money for your car. You need to be paying a higher premium for your insurance if you want to make sure that your car is fully covered. If you have a 1995 Civic with $50k in mods, but you're paying insurance premiums based on the price of your average 1995 Civic, ICBC will pay you for an average 1995 Civic if it gets totaled. |
when my skyline got stolen, my dealings with icbc was tiring. i provided roughly 25,000 in receipts. the car was an 1989. they then initially gave me an evaluation of 8500. they compared my GTR to a GTS listing. i noticed the engine size and other details in the comparison, and complained. a week later they offered 12,500. still not happy because GTR's were 10-15K roughly at the time. they said all the receipts i had besides my DVD stereo didnt help unless they were rebuilding or maintenance repair bills. Example, they wanted to see, Engine repair/rebuild receipts, transmission overhauls, new brakes, new parts for the functionality of the car. after more complaining, they gave me $1000 for stereo/accessories, and 5,000 for added value of new paint, panels, wheels, tires, brakes, etc. etc.. so i got 18,500 from an mistaken 8,500 to 12,500 evaluation. |
Recently my parent's 1994 toyota camry has been written off by ICBC. The damages are very minor (just scratches and bumps on the door and front bumper). However, my parents really like the car. So I'm wondering if anyone tried asking dealers to purchase the car back from the ICBC car auctions? |
^ that would be in violation of what the guys who can purchase from ICBC are allowed to do. |
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I did this about a year ago with a car I bought back to sell for parts, ended up getting a bit more return than what ICBC was offering as a settlement, even after negotiating the cash amount. Good luck. |
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