Unless things have changed, the insurance company already has an agreement with a salvage pool operator, used to be a flat percentage of the damage claim value. They don't want to get into the business of selling parts or damaged planes to bidders, too complicated. If that is still the case, they already know to the penny what the remains will bring, makes no difference to them if the buyer is you or a salvage pool. Just ask them for the amount.
.--- In [email protected], William R. Bayne <ercog...@...> wrote: > > > Hi Kim, > > Sometimes it's hard to see the forest for the trees. > > I believe you have the right to ask that the insurance company have the > aircraft inspected and, based on that inspection, tell you what their > opinion of the salvage value is. They would rightfully be very leery > of stating an "estimate" to repair. Because of liability concerns > everything touched in the process of their inspection and repair would > have to be essentially "perfect" afterwards. > > If you take the same position that they normally do, i.e. that the > aircraft would have to be disassembled completely in order to determine > that there was no damage requiring wing recovering, etc., that knife > cuts both ways. The salvage value of the wings becomes half what > "servicable" wings would bring...and so on. > > There is room for negotiation. If their "final decision" as to salvage > value is deemed unreasonable, ask for a right of first refusal when > they put the remains up for bid. Unless some shennanigans are being > pulled, this costs them nothing, since the auction to get that "winning > bid" is usually one where a number of such "lots" are offered to > interested bidders. > > While some insurance companies might, on occasion, jerk an owner around > they know wants their plane back at any cost, I would be extremely > surprised if that will be your experience. Anyone but an idiot will > weigh the potential adverse publicity any insurance company would incur > if they did not bend over backward to be fair and negotiate with you, > of all people, in good faith > > Regards, > > WRB > > -- > > On Jan 20, 2010, at 16:02, kim Blackseth wrote: > > > > > > > > > Group... > > > > I was hoping for some of your collective advice. Below is my insurance > > company's response to my recently damaged 'coupe. Above that is my > > response... I'd like some input from the group... > > > > Kim Blackseth > > > > > > > >> > >> > >> This is the whole point of my wanting to see the plane. While it may > >> be a total loss to you ($20K), it may take $30K (or something) to fix > >> it. If I know "about" what this number is, I can make the > >> determination to "take a policyholder's release (policy limit > >> salvage value = payable amount)" and add $10K of my money and fix it. > >> > >> If it's unfixable (or some $50K to fix), it makes no sense for to to > >> consider "the policyholders release". I'll take your settlement and > >> buy a different plane. However, I can't make that decision without > >> having some kind of idea about condition or potential repair costs. > >> > >> I'd like some kind of realistic repair cost, even if those costs > >> exceed $20K. it will allow me to determine if keep the hull, add > >> some money to your settlement and repair it > >> > >> Kim Blackseth, ICC, CASp > >> 310 17th St > >> Oakland, CA > >> 510-839-1760 > >> > >> > >> On Jan 20, 2010, at 1:00 PM, Wolfe, Natsuno wrote: > >> > >>> > >>> Mr. Blacksmith: > >>> I have made a phone call regarding the damage estimate so far, > >>> even without looking at the actual airplane, the prop strike itself > >>> makes it a total loss based on the policy limit since a prop strike > >>> means an engine teardown. Then once the teardown is done, there may > >>> be a problem with the crankshaft, which means additional repairs. > >>> > >>> As Dennis advised you, it will take some time before I can send > >>> someone to inspect the aircraft, but given the obvious, I don't see > >>> what the physical inspection will accomplish (except more damage?). > >>> If this was a borderline total loss, then there is a good chance we > >>> may be able to repair the aircraft. > >>> > >>> Another option is to take a policyholder's release I can perhaps > >>> offer to pay a sum (policy limit salvage value = payable amount), > >>> but you will have to sign the release. This means you will be > >>> responsible for the repairs but you get to keep the aircraft. If > >>> this is something you will consider, then once FAA and NTSB release > >>> their control of your aircraft, you can remove your aircraft. Any > >>> retrieval fees and hangar fees up to the point are being paid by us. > >>> > >>> Please let me know if you have any questions. > >>> > >>> Natsuno Wolfe | Claims Representative, California Branch Office > >>> | Chartis Aerospace | > >>> Mail: P.O. Box 5550 | Alpharetta, GA 30022 | > >>> 777 S. Figueroa Street | 14th Floor | Los Angeles, CA 90017 | > >>> Direct: 213.689.2735 | Fax: 866.690.8478 | Cell: 213.280.5293 | > >>> http://www.chartisinsurance.com > >>> > >>> IMPORTANT NOTICE: > >>> The information in this email (and any attachments) is confidential. > >>> If you are not the intended recipient, you must not use or > >>> disseminate the information. If you have received this email in > >>> error, please immediately notify me by "Reply" command and > >>> permanently delete the original and any copies or printouts thereof. > >>> Although this email and any attachments are believed to be free of > >>> any virus or other defect that might affect any computer system into > >>> which it is received and opened, it is the responsibility of the > >>> recipient to ensure that it is virus free and no responsibility is > >>> accepted by Chartis Insurance or its subsidiaries or affiliates > >>> either jointly or severally, for any loss or damage arising in any > >>> way from its use. > >>> > >> > >> > >> > >> > >> > >> > > > > Kim Blackseth, ICC, CASp > > 310 17th St > > Oakland, CA > > 510-839-1760 > > > > > > > > > > > > > > > > >
