My rig was totalled and my insurance comp. didn't offer me what I thought it was worth. Is there anything that I can do?
2007-02-25 11:58:50 · 7 answers · asked by Willyt62 1 in Cars & Transportation ➔ Insurance & Registration
Sure. First thing is to make sure exactly WHAT your rig was worth prior to the loss. If you can prove to the insurer that they have low-balled their offer (for whatever reason) they should pay up. There is no advantage to them at all for not offering the market value of your rig, however, be prepared to back-up your research with data that supports your side, i.e; numbers and locations of other vehicles as much like yours as possible that are for sale within a reasonable vicinity. If you can prove their offer was low then simply contact the adjuster and make your case. If you hit a brick wall then (respectfully) request his/her manager and ask them to explain WHY they won't raise their offer. Do this until they can either give you a logical answer (there may be one, you know) or up their offer. Above all, don't lose your cool or you will find your file on the bottom of a stack about three feet high on some adjusters desk somewhere.
2007-02-25 14:35:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can try to prove it's worth more, but what you'll have to prove is the actual cash value, not the retail value. You'll have to find similar rigs of the same make/model/year/mileage/condition as yours.
DOUBLE CHECK they have all the options on it accounted for. Did you have any recent work done to it? An oil change? New tires? Maintenance...if you have receipts for these things they will consider it.
2007-02-25 20:06:40 · answer #2 · answered by bundysmom 6 · 0⤊ 0⤋
If it is still an offer and you haven't signed then negotiate with them but you will need to have valid proof it is worth more. Just because ol' nelly was a good ol' truck aint gonna swing it..
2007-02-25 20:03:55 · answer #3 · answered by Uncle Red 6 · 0⤊ 0⤋
Tell them you want another truck just like yours, same condition and all. Don't sign anything till you get a fair shake.
2007-02-25 20:04:56 · answer #4 · answered by davedoorman66 2 · 0⤊ 0⤋
Not really. You're at the mercy of the insurance company because they are the one's paying out.
2007-02-25 20:03:06 · answer #5 · answered by millionsofsubys 2 · 0⤊ 1⤋
Try not to accept the first offer and try to negotiate for something better.
2007-02-25 20:03:47 · answer #6 · answered by ButwhatdoIno? 6 · 0⤊ 0⤋
no they have it all tied up, you can take them to court but you will probably lose, and it will cost more than you would get
2007-02-25 20:03:31 · answer #7 · answered by Russ S 3 · 0⤊ 1⤋