0
How do you find out what your car is worth after being total out by insurance company?
Wiki User
∙ 13y ago
Actually, that determination should have been made before the insurer determined that the car was a total loss.
The law of many states require that an insurer total a vehicle if the cost of repair exceeds a stated percentage of the vehicle's actual cash value immediately prior to the loss. Therefore, if you wish to keep the car, you will want to determine the value of the car to compare with the cost of repair to determine if the stated percentage has been reached. If it has not, the car should not be totaled, but repaired instead.
The actual cash value of the car is determined in a variety of ways. Among them are insurance industry manuals, such as The Blue Book. Insurance adjusters also consult classified advertisements and dealer ads to determine a range of amounts for which vehicles of like kind and quality sell.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who determines if a vehicle is totaled?
the insurance company- if the vehicle is damaged more then it is worth- it is considered a "total lose" you will get what the car is worth at the time of the accident-not the total value of the car-other pendings vary like full compensation insurance
Can you ask an insurance company to total a vehicle when they find damage of 2000 on a car worth 2500?
Yes. If you have full coverage, or the accident was not your fault.
Is empire insurance company stock worth anything?
Is WellPoint worth anything
If your car is a total loss will the insurance company help you fix it if you both pay?
If your car is deemed a total loss, the insurance company will only pay up the value of the vehicle. They will have nothing to do with the repairs. If the vehicle is worth $5,000 and the damage is $8,000, you are going to pay $3,000 out of your own pocket. Once the insurance company pays you that $5,000, they are out of the picture. Just be prepared for a 'salvage' fee to be deducted from your settlement by the insurance company. That is what they would have gotten for your vehicle if you had surrendered it to them.
Will your auto insurance company pay for repairs if the total amount of repairs is more than what the car is worth?
In my experience, in a number of countries, Auto Insurance companies will not pay for repairs unless the repair is result of an accident. Then only what the car is worth.
what if the insurance company tries to pay you less than what the car is worth?
screw the insurance then
What exactly does liability insurance cover Is it worth paying for this if I'm starting a company?
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
Is physicians mutual insurance company worth the cost?
Peace of mind can be worth the cost.
Is Ameriprise Auto Insurance worth its cost?
Ameriprise is a company that provides auto insurance. It is definitely worth the cost due to the company's great customer service and experience in financial advice.
Who is the successor to Stockman's National Life Insurance Company?
If I'm not mistaken the successor to Stockman's National Life Insurance company is World Service Life Insurance company of Forth Worth Texas
How much will you have to pay to get your car back if it was totaled and the insurance company refuses to pay?
The insurance company will pay you the worth of your car minus your deductible.
Does your insurance company pay for your car?
If you carry full collision and replacement of your vehicle, depending on your insurance company, they will pay the blue book value of the car if it is totaled. That is why it is important not to ever owe more than the car is worth, which is referred to as "being upsidedown."
