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Subject:Re: van wrecked; documenting selling prices
From:The Bus Depot
Date:Wed, 17 Jun 2009 16:23:26 -0400

> I just got a call from Geico- they will give me $8669.74, and
> put a salvage value on it of $1,000 if I want to keep it.

Ed,

Sorry to hear about the accident. I'm somewhat surprised - $9k isn't that
unreasonable an offer for an '85 with high mileage. When my '89 was crushed
by a falling tree, Nationwide started by offering me around $3000.  We
settled at $12k, but it was newer, fully loaded with options and add-ons,
and had a rebuilt engine and trans.  You might be able to use comps, etc. to
get Geico to go a bit higher, but frankly even $9k it isn't completely out
of line.  I'd definitely recommend buying it back for $1000, too; certainly
the parts are worth a few grand if you have the time to remove them.

- Ron Salmon
  The Bus Depot, Inc.
  www.busdepot.com
  (215)  234-VWVW

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