is it the trade in value? the private seller value? I tried finding the red book online, but i couldnt find the site. PLEASE HELP!
2006-09-13 09:39:57 · 13 answers · asked by TheButrfly 2 in Cars & Transportation ➔ Insurance & Registration
insurance companies dont look at kelley blue book. they look at something called the red book.
2006-09-13 09:45:24 · update #1
i had full coverage
2006-09-13 09:45:49 · update #2
They will give you depreciated replacement value.
2006-09-13 09:47:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The insurance company will try to use some type of Kelly Blue Book value but then if you ask for them to look it up again, they'll look in the red book and then average the price out to get the value of the car. Sometimes this is good, sometimes it is bad because the value could come out lower. Insurance companies do try to lowball you with the actual value as I know from personal experience as an insurance adjuster. However, they won't low ball you like thousands of dollars, maybe like a hundred dollars or so.
2006-09-16 00:37:01 · answer #2 · answered by wiegel81 2 · 0⤊ 0⤋
do you mean Kelly Blue Book? To find the value of your vehicle, you could try there. www.kbb.com
As for what the insurance company will give you for your totalled car, it depends what kind of coverage you have. Full coverage, liability only, uninsured motorist, collision only, etc. You may want to call your insurance agent to discuss. Good Luck!
2006-09-13 16:44:25 · answer #3 · answered by Mom of One in Wisconsin 6 · 0⤊ 0⤋
Might depend on your state, but in our experience here in CA,
the insurance companies research comparible vehicles that
recently sold in your area and give an average - minus deductible of course. If your insurance company keeps the vehicle and you don't buy it back, you will also get some of your VLF from DMV returned to you. Insurance companies usually include that .
2006-09-17 15:07:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's not red book, it's Kelley Blue Book.
2006-09-13 16:42:12 · answer #5 · answered by Anonymous · 0⤊ 1⤋
There is no replacement coverage. You will be offered MARKET value, (what your car would have sold for prior to the loss). NADA, Kelly, etc are used as guides but you settlement will be affected by mileage and condition of your car.
2006-09-13 19:20:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Red book? Try the Kelly blue book and it will most likely be less then that.
2006-09-13 16:42:24 · answer #7 · answered by CoCo-Puffs 3 · 0⤊ 1⤋
The value of the vehicle at the time of loss, adjusted for condition. Generally kelly blue book value, less if it was high mileage. http://www.kbb.com
2006-09-13 17:51:54 · answer #8 · answered by oklatom 7 · 0⤊ 0⤋
The blue book value is the maximum you can expect to get, but it is likely to be less than this.
2006-09-13 16:42:27 · answer #9 · answered by WC 7 · 0⤊ 1⤋
i think it's around 250 now days when i totalled my 1985 Plymouth horizon thats all they gave me + they told me i could keep the car but that was cus i new the guy who worked at the insurance company
2006-09-13 21:32:09 · answer #10 · answered by davedebo198305 4 · 0⤊ 0⤋
she is right. it is a special insurance co book called the red book.
2006-09-13 16:53:18 · answer #11 · answered by Anonymous · 0⤊ 0⤋