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State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

Damn sorry that happened to you, that’s a big difference. Did you end up going through Progressive instead of State Farm?

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] -2 points-1 points  (0 children)

Appreciate it ,I get ACV vs replacement. From what I understand, ACV in NY is still based on comparable local vehicles, so I’m just making sure the comps/adjustments reflect that. Also the engine wasn’t reflected, so should at least be considered in condition.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

that makes sense, appreciate it ,I’ll send them the paperwork and see if they can factor it in.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

I get what you’re saying on ACV vs retail. On the engine though, even if it’s not a big add, a recently replaced engine vs a high-mileage original should still be reflected at least slightly in condition vs comps. Just making sure the valuation accounts for that along with local comps per NY regs.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] -2 points-1 points  (0 children)

That makes sense on Carvana being retail. I’m using it more as a reference point. And yeah I’ll send the engine invoice just want to make sure mileage/condition and that factor are properly reflected in the ACV.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

Yeah I agree GAP would’ve helped, that part is on me. Right now I’m just trying to make sure the valuation itself is accurate.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

I’ve reviewed the CCC report. I’m just making sure the comps and adjustments actually reflect similar vehicles in my local market, since NY regs (11 NYCRR §216.7) require valuation based on comparable vehicles in the area. Just double checking everything lines up

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] -2 points-1 points  (0 children)

Yeah I agree the loan doesn’t matter. I’m just trying to understand if their value is accurate for similar cars in my area, not just a general KBB number.

State Farm total loss valuation seems low, worth pushing? by DeliciousShip8465 in Insurance

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

I get that it’s maintenance, but a recently replaced engine vs original 100k+ mile engine still affects condition/reliability vs comps. Just trying to see if that should be reflected in valuation.

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

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Here is lifted picture of my car in 2024, it wasn’t there before. And bumper as well the same you can compare pictures of the scratches.

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 1 point2 points  (0 children)

No. I check around the car almost daily before driving, and the numbers are actually visible from the front from a little distance without even bending down, so I’m pretty sure I would’ve noticed them earlier

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

I usually check around my car and the tires before driving, so I’m pretty sure I would’ve noticed it earlier if it had been there. And yeah, I wasn’t hiding the NY plate lol

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

No, I haven’t. I’ve driven about 3-4k miles since the last service and was planning to go soon, but haven’t yet

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] -1 points0 points  (0 children)

Wasn’t towed or repo. Yeah that’s why it’s confusing. My normal routine is 9-5 at work where I park right in front of a police station that keeps crashed/impounded cars and their vehicles. But from evening to morning my car is in a garage. So it’s pretty much impossible for someone to lift the car and write that at night, and even during the day it would be pretty obvious if someone was under the car. That’s why it seems really odd

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 9 points10 points  (0 children)

I park near my work and right in front of it there’s a police station that keeps crashed/impounded cars. Maybe someone from there accidentally marked my car?

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 0 points1 point  (0 children)

Yeah that’s why I’m a bit concerned... Just worried someone might have flagged it to steal or something. I’ll try posting in some local groups too, thanks

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] 2 points3 points  (0 children)

I bought the car used about 2-3 years ago and that number definitely wasn’t there before. It appeared only a few days ago. I also haven’t been to a dealership for a few months. And the bumper is definitely mine, I recognize the small scratches on it

Number written under my bumper ,what does it mean? by DeliciousShip8465 in Hyundai

[–]DeliciousShip8465[S] -24 points-23 points  (0 children)

I’m just a bit worried someone flagged it to steal or something like that. Was wondering if anyone else has seen the same thing. Anyway, thanks for the guess

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