Ferrari Mailing List: Re: barrett-jackson

[Doug & Terri (dnt]

cLYdE asks a good question “How come there is no blue book pricing on them?”

 

Too few cars for a reasonably accurate $ sample number. 

 

In 1968 I worked at the GM Southgate California plant.  We punched out a new car every 30 seconds or so.  Nearly 1,000 a day.  I think Ferrari banged out the 70’s 308 GTS/B at about 3 per day.  I could be wrong on that.

 

But regarding the Kelly Blue Book - California Dept of Ins explicitly will fine any insurance carrier who uses the “Blue Book” to establish the “Actual Cash Value” for a total vehicle loss.  The Fair Claims Practices Act denotes very meticulous rules a company must follow to make their client whole.  Follow it if you wish here -

 

http://www.sedgwicklaw.com/files/Uploads/Documents/FairClaimsBk-2015E.pdf

 

Go to page 17, Section c. Total Loss ACV or Replacement Provisions.

 

A lot of mumbo jumbo but peel the onion slowly and it makes sense.  In Kalifornia – one of the provisions is to buy you a replacement vehicle at no expense to you other than deductible.  Many claims offices don’t (or at didn’t) know that.  Standard answer – “we’re not in the used car business.”  But if they write auto insurance in Kalifornia - - - they are.  <grin>

 

Doug