0
The most important thing you need to know is that it is not a negotiation. The insurance company is not haggling with you over the price of your vehicle. They are required to give you what the vehicle is worth.
With that being said, there is no magic place that you can go to get the correct value of a vehicle. Guide books are just that...a guide. You should still check the guide books though. That will give you an idea of what the vehicle is worth. You can also check local newspapers, trade magazines and online sources like auto trader and cars.com. When you are checking the guide books though, keep in mind that you are not entitled to the retail value and the insurance company shouldn't be offering you the trade in value. The market value of the vehicle is somewhere in between that. KBB.com has a "private party" value. That is what you would expect to see when you purchase a vehicle from a private seller. That is probably the closest thing to the "market value".
The mileage of the vehicle is important, so if the odometer can't be read, make sure you have invoices to back up what the mileage was...unless of course your mileage was high. Make sure the insurance company got ALL of the options that your vehicle had on their evaluation.
Any customizations that you had might not be covered. Those are supposed to be endorsed onto the policy when you put them on.
If you feel the insurance company's evaluation is less than what your vehicle is worth, most policies have an "appraisal" clause. You have the right to hire your own appraiser to evaluate what the vehicle is worth. Check your policy for more details about that.
What else can I help you with?
Why would an insurance company declare a vehicle totaled?
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
Does an auto insurance company have to pay for a deaf interpreter to find a new vehicle after yours has been totaled?
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
How do you declare the title of a vehicle you own as salvage?
can be done by insurance company at time it is totaled out by them
What makes a motorcycled totaled?
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
How do you get a car after your vehicle is damaged?
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
After settling with the insurance company for a totaled car do you keep the car or does the insurance compnay?
Legally, if the company pays you for the totaled vehicle, it belongs to them. You can offer (if they don't) to by the scraps back. This would be deducted from your settlement and you would be paid the difference.
Who owns the salvage in an auto accident?
Either the cars owner or the insurance company who paid for the totaled vehicle
Is a car totaled when it has rolled?
It just depends on whether or not the insurance company considers the vehicle worth repairing or not.
How do you determine if vehicle is totaled when burned?
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
CAN you BUY MY Car back after its totaled?
In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.
Your wife is not on your auto insurance policy She has rear ended another driverand his vehicle was totaled by his insurance company What are your responsibilities?
If she was driving your vehicle, with your premission, it would fall under your insurance and they would have to pay for the other drivers vehicle
What can be done with a totaled vehicle under lien and only liability insurance?
If the accident is your fault, your insurance company is not going to pay out anything. If it is the other person's fault, the other insurance company will be liable.
