Legal Question in Insurance Law in South Carolina

Unfair salvage price

I have a claim with my insurance company on my motorcycle that was totaled 4 weeks ago. They are being fairly good as to the value of my motorcycle but will not comprimise on the salvage price they want if I keep the bike.($1800.00) I have gotten estimates from repair shops and they agree the salvaged motorcycle should not be over $800.00 and more likely around $500.00. Do I have any options here other than accept their offer? I asked to be faxed the salvage companies bids so as to see if they were really bidding that high. I was told that was confidential and none of my buisines. What are the options?


Asked on 2/07/05, 5:57 pm

1 Answer from Attorneys
Robert Johnston Law Offices of Robert J. Johnston

Re: Unfair salvage price

In my opinion, asking for verification of bids from the salvage companies was a reasonable request on your part. But then again, your dealing with an insurance company who's profits don't depend on being reasonable. If I was you, I would provide them with as much documentation as to the bike's worth and see if you can talk them down. I would also insist on seeing thier documentation. If that doesn't work, try contacting a supervisor. If that doesn't work, you might want to consult with an attorney regarding a lawsuit called, Bad Faith Insurance Claim. Good luck.

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Answered on 2/07/05, 6:05 pm


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