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How is the value of a vehicle before and after an accident determined?


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2006-08-15 19:17:56
2006-08-15 19:17:56

Go to kelly blue book online and they will have you fill out some information and will tell you how much your car is worth.


Related Questions

You may not get the suggested retail value for your vehicle. However, this depends on who you sell it to. When making an auto insurance claim, you will get what the insurance company thinks the value of the vehicle is before the accident.

It depends. Is there damage, what is damaged? What is the repair cost estimate? What is the year, make and model? What is the blue book value of the vehicle before the accident?

The "book value" or "Kelley Blue Book" value of a 2004 BMW M3 is dependent on many variables. The value of the vehicle is determined by the miles it has, the wear and tear of the vehicle, whether or not the vehicle runs, and whether or not the vehicle has body damage. The value is also determined by whether it is the coupe or the convertible model. Therefore, there is no standard value of a 2004 BMW M3, as this is a used vehicle and each vehicle will be worth a variable amount.

You don't "get money" for being in a car accident. If you are in an accident and not at fault, it is the responsibility of the other person's insurance company to put you back into the same place you were before the accident. This would involve paying for the repairs to your vehicle, or giving you the value of the vehicle if it isn't repairable. Also they would pay for any medical bills incurred as a result of the accident.

The insurer will have the vehicle valued at it's pre accident market value and pay the lower of the repair cost and the value

AnswerGenerally by the "book" value. Take into consideration and make mention of any excessive work or upgrades you made to the vehicle and tell the adjuster asap. MUST HAVE receipts to prove this!If you're speaking of inherent diminished value, then the only way the amount of value the car lost after being in an accident and repaired is to have an expert determine the loss in market value utilizing accepted appraising practices.Answer:Diminished value is what the vehicle has lost in value according to reliable market analysis conducted by a third party NOT the insurance co.

The insurance company will not know that the vehicle has been reconstructed unless you tell them up front. The problem comes if you have an accident or claim which totals the vehicle. The value of a vehicle that been a total loss is far less than a vehicle that has not so the company will evaluate the value of your vehicle at a far lower amount when time to pay you in a total situation. This is a fact that you need to be aware of in case you do total the vehicle again. The company is obligated to pay you the value of the vehicle at the time immediately before your accident. This is fair as you pay far less for it versus buying an undamaged vehicle but you will pay premiums the same as anyone else.

The car value is not equivalent to the store price of the said car. The car value diminishes after some years. The value is determined by the current condition, the accident history and the different mechanic jobs done.

nope. the vehicle has to returned to pre accident condition or same market value, whatevers cheaper; but it varies state to state and company to company and policy to policy as to whether they reimburse your rental, loss wages diminished value.

A dealer may be willing to accept it at a reduced Trade-in value

Your answer is very vague but I think i know where you are going. The answer is mostly yes, insurance coverage is usually capped off to a top amount or in the case of auto insurance to the value of the vehicle for you vehicle and to others there value as determined by which every book or publication (like nada, or kelly blue book or mostly Galves which is mostly whole sale value). Then there is usually a cap on other insurances. say your property in an accident is $100K then the cap is $100K. Hope this helped... gig1

No, you can't The insurance company will pay you the ACV (Actual Cash Value) of the vehicle. Meaning, you'll get what your vehicle was worth at the time of the accident.

I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.

No, the compensation (market or repair value) for the vehicle as determined by the policy guidelines remains the same.

Your car being deemed a total loss does not have anything to do with the liability of the accident. Your vehicle becomes totalled when the repair cost exceeds the local market value of your vehicle.

you will 'get' what you are owed/due to put you and your vehicle in pre accident condition........cost to repair your vehicle to pre loss condition or if totaled the actual cash value of your vehicle...reasonable medical expenses, loss of wage (dr. ordered) and pain and suffering for your injury.

If you think it is too high, by tax valuation; too low by mileage.

Value is determined by the demand and the supply

The insurance company will only pay the 'book' value of the vehicle as if it were in perfect condition unless damage prior to the accident was discovered and that damage will be deducted from the 'book value'.

The value of the vehicle declines. This is called diminished value; it can sometimes be recovered by submitted a claim to the insurance company of the party at fault. The claimant can look to do this or can hire a lawyer to assist with the process.

Your description is of no use. Take it to a gun smith to identify it before a value can be determined.

A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.

If the damage to a vehicle will cost more to repair than the value of the vehicle before the accident, an insurance company will "total" the vehicle. That means they will pay you what the car was worth before the wreck. At that point the insurance company owns the wreck, not you. You have nothing left to insure, therefore.

Regardless of miles, you will get paid for the CURRENT book value of the car minus any existing auto loan balance and any applicable deductibles.

its valued by however much money you can make off the scrap parts that are still okay with the vehicle.

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