Originally Posted by Alan
To contradict what was said above...the insurance company does not pay replacement value. It is the duty of the insurance company to indemnify you, meaning put you in the same financial spot you were in prior to the accident. They will pay you the value of YOUR vehicle based on the local market in which you reside. They will not pay the cost to replace it and definately not pay the price that the niche of Mustang fanatics would pay for a comparable Mustang.
this is true. ^^^
when i totaled one of my nissan's the value was determined by using about 7-8 different vehicles at stealerships across the state, ie tampa/orl/mia.
they averaged it, i got almost 4k for a car i couldnt sell private party for 3k.