2006-10-29 06:14:22 · 7 answers · asked by shawn f 1 in Cars & Transportation ➔ Insurance & Registration
They settle with you as if your vehicle were a total loss, which means you will be offered actual cash value (ACV) which is not blue book. It is what you could buy the exact vehicle for in the market.
2006-10-29 09:39:18 · answer #1 · answered by Chris 5 · 0⤊ 1⤋
The insurance company will offer you the least amount possible. While they may make it seem as if that number is fixed in stone, you DON'T have to accept the first offer. When it come time to collect, be armed with your own honest estimations of the car's value and reject anything else.
2006-10-29 06:18:37 · answer #2 · answered by Al 3 · 2⤊ 0⤋
IF not covered? what do you mean? In this case you would need to have Comp. coverage on your car. That is the only coverage that will cover against theft of the car. IF you do not have this coverage you will get nothing! Check your policy to see if you have it. IF you do have the coverage they will pay your the currently market value (normally found on www.nada.com) minus whatever deductable you have.
2006-10-29 15:54:35 · answer #3 · answered by pokerman83815 2 · 0⤊ 0⤋
They should pay you based on the book value at the time your car was stolen...
2006-10-29 06:24:59 · answer #4 · answered by cmmartin31 1 · 0⤊ 0⤋
As long as you didnt leave the keys in it when it was stolen they will probably give you kellys blue book value
2006-10-29 12:44:31 · answer #5 · answered by Terry S 5 · 0⤊ 0⤋
book value less approx one third as general rule it depends on age of car and policy limitations/exclusions
2006-10-29 06:20:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
they have a book they go by. don't let them squeeze you either
2006-10-29 06:16:23 · answer #7 · answered by kendo2_2000 4 · 0⤊ 0⤋