2006-10-10 14:44:50 · 5 answers · asked by dance_fever_loving 1 in Cars & Transportation ➔ Insurance & Registration
none, you can buy back your car and fix it with the money you get from what the car is worth. or you can just junk it and buy a new car with the money they give you for the car.
2006-10-10 14:47:56 · answer #1 · answered by mustang656 4 · 0⤊ 0⤋
Debating? Are you talking about your own company or the other person's who was at fault? If you're using your own and you have collision coverage, you should check your policy to see if there's an allowance for arbitration in disputes over vehicle value. Some have that. Otherwise, it's somewhat negotiable (the value) but not really. The insurance company will have all the data available to show how they arrived at the value, and you'll have little room to get more. Same thing with the other carrier if you are going through someone else's carrier.
I'm not sure the nature of your dispute. Do you disagree with the value, or the fact that it's a total at all, or what? Knowing that would help.
2006-10-11 18:20:13 · answer #2 · answered by Chris 5 · 0⤊ 0⤋
You have the right to be compensated for your loss, assuming this is something that is the fault of someone else, up to the actual cash value of your vehicle at the time it was wrecked. The amount can be adjusted up or down based on condition. If you had just put new tires on the car they might adjust up slightly, if there was preexisting damage or high mileage they might adjust down. No, you can't get replacement value. No, they won't buy you a new one to replace your used one.
Keep in mind if they total the car and give you the check, the car will then belong to the insurance company. In some cases they will let you buy it back, but it will cost you to do that, and you will have a very hard time getting insurance on it if you decide to continue to drive it.
2006-10-10 21:51:35 · answer #3 · answered by oklatom 7 · 0⤊ 0⤋
They come back with a number to either fix your car or total it. If you dont' agree with it you can go out and get a estimate done on your car or just come back with a different number ( I don;'t suggest doing that and do suggest getting a appraisal done) If the amount is different you can submit it. the Insurance company will decline it and then you guys will both have to hire a arbitrator. Then split the cost to hire a referee. Both arbitators will give their case for your side and the Insurance company's side. Then the referee will decided on a fair meeting ground for both compaines. I dont' recommend doing this as it can take months for this to get done.
2006-10-13 19:35:00 · answer #4 · answered by pokerman83815 2 · 0⤊ 0⤋
i think they go only on the book value of the car--they probably won't give you a whole lot but you can buy the car back for a few hundred buck--sell it for parts and make some cash
2006-10-14 16:08:15 · answer #5 · answered by legz3139 1 · 0⤊ 0⤋