Seven months into the ownership of my 2018, metallic silver LR AWD Model 3 Tesla I was involved in an accident because another car pulled out in front directly into my path. I walked away with only a couple of bruises but after only 7900 miles under it's belt, the extent of the damage to not only the body, frame and electrical components (including a broken screen as a result of my elbow during the collision) my car has been determined ultimately as a total loss. I am now working with them to negotiate the actual cash value for the car. I absolutely loved the car and aim to replace it as soon as things are settled with another. Since things like delivery costs don't stand up in deterring the "actual cash value" I accept that I will have to bridge a gap between the two cars, but I am hoping to minimize it as much as possible! The question for you is how do I ensure I receive the maximum value for my car from the insurance agency?
This week, the higher ups within the insurance agency are being pulled into discussion of my insurance claim to help the agents Ive been working to find resolution on their end. So, I have the next couple of days to strengthen my case before meeting with them again and come to you to discuss how I may shore up my claims of the car being valued more than what they determined in their offer.
As it stand currently, we are negotiating to determine the actual cash value of the Model 3 taken as a total loss. They stated that since they don't have data to pull from, they determined the value based the price similar-ish Model 3s have been sold for - which in my case, resulted in two Model 3s sold at a dealership another state over (selling price for each of the two cars being around $47k) In reality, and from the research Ive done by looking at used Model 3s for sale online a more accurate valuation (to actually obtain a replace meant for the car in reference) seems to be closer to $53k+ They requested I share with them links to some of the cars I had found to look into themselves, which ranged in price from $53k to $55k after adjusting for difference in features.
Those of us who purchase a Tesla view the price of the car and the value proposition differently than that of other ICE cars considered before committing on a Model 3. Likewise, I have worked to diffierienceate differences between this car and the typical vehicles they process claims for within their agency. Ive reiterated how Teslas are a different beast compared to all the other cars out there on the road - non negotiable pricing, limited availability in comps for valuation, longer service life and continual, over the air upgrades playing a role in depreciation differently, the significance of the fuel system's massive battery being included in the cost of the car rather than an inexpensive tank that is later filled continuously with petrol at a premium, and the limited awareness of EV's in general from all those not connected to the moment, etc.
During this final push in making a case for the actual cash value of my vehicle, might you have any suggestions, advice or experience from dealing with this yourself that you've found to be successful in garnering from a total loss claim the actual cash value you felt was accurately reflected the cars's replacement value?
The method I pursued in finding examples of other cars listed seemed from my point of view to be the most direct way in determining the car value for my car, but perhaps their are other, better methods for determining valuation that I could leverage in my claim with the insurance company?