On Monday night (10pm) my car was stolen. It’s now Wednesday afternoon and no news on where it is. I have two questions:
1) It is a 2007 Mazda CX-7 Grand Touring edition (Kelley Blue Book value is about $18500 +/-). In great condition, low low miles. Is this a car that is likely to be chopped up and sold for parts? It is all factory with no after market add-ons. Or is this a model that will be taken as far away as possible and sold? I’m just trying to figure out what the likeliness of finding it is.
2) If the car is not found, which Kelley Blue Book value will my insurance give me? I have full coverage through one of the larger companies (State Farm, All State etc….not Geico). The trade-in value is down around $14,800 and retail is $21,000. What will I likely get?
I would love to hear from an insurance agent or someone who has been in the same situation!!! Thanks 
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June 7, 2010 @ 3:01 am
the insurance co has 30 days at least/if you have rental on your policy go and get one/enterprise is the best for that/if its totalled hope you have gap insurance
June 7, 2010 @ 3:31 am
Is this a car that is likely to be chopped up and sold for parts? It is all factory with no after market add-ons. Or is this a model that will be taken as far away as possible and sold? I’m just trying to figure out what the likeliness of finding it is.
Hard to say. Some go to chop shops where parts are taken off and sold. Some go to Mexico and are driven, others are put on boats and sent to the European markets. The most time that passes, the less likely they are to find it. Those that are taken for joy rides are usually then abandoned and found within days.
If the car is not found, which Kelley Blue Book value will my insurance give me?
None. They will look at fair market value, not blue book. The average of what similar vehicles are selling for in your area.
It’s been two days for you. You are not likely to see resolution on this until at least 30 days have gone by. Your best source of information is going to be your insurance agent.