Comments on: What is the best way to negotiate the compensation of a totalled car with the insurance company? http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html Thu, 02 Feb 2012 00:01:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Toodeemo http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1815 Toodeemo Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1815 Generally, they are going to give you blue book and then plus or minus for upgrades or pre existing damage. You can get credit for new tires, new wheels, a new radio such as XM...you get the idea. Now if there were dings and dents that preexisted the accident and they can prove it, they can try to lowball you. If you have repair records that show that you upgraded, keep them and present them to the insurance company. Generally, they are going to give you blue book and then plus or minus for upgrades or pre existing damage.

You can get credit for new tires, new wheels, a new radio such as XM…you get the idea. Now if there were dings and dents that preexisted the accident and they can prove it, they can try to lowball you. If you have repair records that show that you upgraded, keep them and present them to the insurance company.

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]]> By: Robert F http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1816 Robert F Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1816 They have a "Bluebook" that only the Insurance agencies use get a copy of the Bluebook that your dealer uses or the one for the general public use . good luck you can try getting one from California (not on internet) they often price thiers higher Lori; What is actual value if not resale or market value? They have a "Bluebook" that only the Insurance agencies use get a copy of the Bluebook that your dealer uses or the one for the general public use .
good luck

you can try getting one from California (not on internet) they often price thiers higher

Lori; What is actual value if not resale or market value?

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]]> By: Lori Y http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1817 Lori Y Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1817 An insurance company pays out the actual cash value of the vehicle, and most use a form of NADA ( not available to the regular consumer). However, this value is usually close to a Kelley Blue Book private party value. Let them give you what they feel is a good offer, and if you don't agree, give them your figure and work from there. Be ready with documentation or some type of proof to show why you feel that way. I think you may be surprised at the value the insurance company gives you. Just keep in mind, they have to settle for actual cash value, not resale or market value. An insurance company is only required to make you "whole" not better than what you were previously. I hope this helps- Thanks- Lori An insurance company pays out the actual cash value of the vehicle, and most use a form of NADA ( not available to the regular consumer). However, this value is usually close to a Kelley Blue Book private party value. Let them give you what they feel is a good offer, and if you don’t agree, give them your figure and work from there. Be ready with documentation or some type of proof to show why you feel that way. I think you may be surprised at the value the insurance company gives you. Just keep in mind, they have to settle for actual cash value, not resale or market value. An insurance company is only required to make you "whole" not better than what you were previously. I hope this helps- Thanks- Lori

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]]> By: jslavens69 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1818 jslavens69 Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1818 In working with insurance companies, i found if you press hard enough on them they will eventually cave. Depending upon how much coverage you had and whose fault the accident was. If you had full coverage, and it was at no fault of yours you can press your insurance to fully pay off the debt and go after the faults insurance. You have to be stern and up front with them and get your point accross in a patient matter. If the accident was no fault upon you, and the person at falt had no insurance you will have to seek legal help in the matter. Sometimes, you come out with nothing but you never know, its always a shot worth trying, the insurance and laywers are there to help. If you owe more than your car is worth press for the company to pay it off! I had statefarm 7 years ago and i was in a like situation and they paid my car off and collected from the others insurance the only brutal truth was it took 2 years to complete. hope i was some help for you. In working with insurance companies, i found if you press hard enough on them they will eventually cave. Depending upon how much coverage you had and whose fault the accident was. If you had full coverage, and it was at no fault of yours you can press your insurance to fully pay off the debt and go after the faults insurance. You have to be stern and up front with them and get your point accross in a patient matter. If the accident was no fault upon you, and the person at falt had no insurance you will have to seek legal help in the matter. Sometimes, you come out with nothing but you never know, its always a shot worth trying, the insurance and laywers are there to help. If you owe more than your car is worth press for the company to pay it off! I had statefarm 7 years ago and i was in a like situation and they paid my car off and collected from the others insurance the only brutal truth was it took 2 years to complete. hope i was some help for you.

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]]> By: Barry auh2o http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1819 Barry auh2o Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1819 They go by bluebook value. Low mileage,fresh paint job, new tires, whatever, . matter so little. Lots of luck, and welcome to the club. They go by bluebook value. Low mileage,fresh paint job, new tires, whatever, . matter so little. Lots of luck, and welcome to the club.

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]]> By: Shan R http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html/comment-page-1#comment-1820 Shan R Mon, 28 Dec 2009 00:17:50 +0000 http://autocarloansnow.com/what-is-the-best-way-to-negotiate-the-compensation-of-a-totalled-car-with-the-insurance-company.html#comment-1820 idemnify means to make whole again, restore etc. They will only give you what it would cost to replace the car. and be careful cars like civic and accords, usually all japan makes have a lower blue book but are higher cost to replace. Look for some cars in your area on sale and keep the ads handy to show them, becuase after all you have to replace your car. idemnify means to make whole again, restore etc. They will only give you what it would cost to replace the car. and be careful cars like civic and accords, usually all japan makes have a lower blue book but are higher cost to replace. Look for some cars in your area on sale and keep the ads handy to show them, becuase after all you have to replace your car.

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