i was in accident ..no fault of mine... car total loss. insurance paid whole sale price.. which is 2-3k less for same year, condition and milage car if buy from used car dealer. i understand insurance will pay as low as they can. but why i have to take a loss for some one else faults. how to recover my loss or what you do ?
2006-12-08 09:52:01 · 3 answers · asked by howdy 1 in Cars & Transportation ➔ Insurance & Registration
Insurance companies pay the value, even if you don't buy into that. They can't just pay less because they feel like it. Time and time again people post these questions and say they can't find the same car for less. If you're looking at a dealer, the price will be higher intiially, as will other buyers. You have to do your homework too when buying a car to replace it. You can't just go up there and pay what's being asked. And if the car you want to buy is in better condition than the one you had or has fewer miles then of course it will cost more!
There's nothing you can do. Take the money they're offering you and put it down on another vehicle. Or buy the same car, take them the documentation your insurance adjuster gave you on the value, and negotiate with them on the price of the other car.
2006-12-08 12:18:11 · answer #1 · answered by Chris 5 · 0⤊ 0⤋
Nothing. By law the insurance company must give you the actual cash value your vehicle was worth. They and the at-fault driver absolutely owe you no more.
People are going to tell you to sue the other party- dont bother- you'll waste time and money.
And btw- total loss prices are non-negiotable- actual cash value is what it is.
2006-12-08 19:31:57 · answer #2 · answered by la428282 6 · 0⤊ 0⤋
Find another dealer --
2006-12-08 19:43:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋