I had an deadly accident. Somebody driving on a suspended licencse hit me from behind.?

Question

The insurance company told me the car was totalled. I paid $3000 while I purchased it (I got it in Jan.)
According to the kelly blook book value it is estimated at $5500. But while I transfered the title, we agreed to show it as $1000.
Now I dont know how much should I ask the insurance company to pay me? How much can I ask them and how should I ask them. And how much they will give me?
Any idea?????????
Any help please.

Answer 1

You don't have to ask them anything. If they find the car would cost more to fix than it's worth, they will give you it's worth, which may or may not have anything to do with what you owe, or what you paid for it.

Your insurance should be taking care of this with the other company.

Answer 2

The other driver's insurance will look at the damage, the value of the car, and the amount of insurance that the other driver has and give you what the car is worth. Make sure you also turn over your doctor bills and missed time from work as that insurance should cover those things as well.

Ask your insurance agent how it works (without telling him anything about what you paid for the car) and he'll tell you what to expect.

Answer 3

Some insurance companies will prey on unsuspecting consumers so, be careful. By law they must give you retail value for your car no matter how much you allege that you paid. If you are injured they must pay for all damages for bodily injuries and property within the limits of their customers policy. If they go beyond that a civil suit must be filed to get just compensation.

Answer 4

My sister had an identical situation, nonetheless lots worse. They made her circulate get a license and then positioned factors against it. She certainly had an exceedingly extreme coincidence and destroyed some government belongings and ended up with a miles less extreme penalty than I did for a dashing value ticket, on an identical time as having a valid license. No, you will not circulate to reformatory, yet once you do get a license it is going to probable have factors against it. factors further up could reason you to lose your license and any factors on your checklist reason coverage to be larger and at 18 it is going to be a splash painful. For a minor offense which includes this in case you get your license they could permit you circulate with a scolding, having already corrected the actuality which you probably did not have a license. No ensures yet i think of it may teach you recognize what you probably did strengthen into incorrect and you made an attempt to suited it. solid success and, on an identical time as i'm specific it would not could desire to be stated, please do not tension lower back till you do have a license.

Answer 5

Unless you have collision, you might be out of luck. They are going to give you the value regardless of what you paid for it, and this might be below the Kelly Blue Book value. If you have just liability, you might be able to subrogate the other guy's insurance company; but you might get $500 for your trouble. The laws are different from state to state.

Answer 6

The insurance Company won't ask you a thing they will pay you wholesale amount from KBB on the car. That is final, But if the other guys insurance is paying you can request they pay retail since in reality the guy bought the car when he bought the farm.

Answer 7

I'm afraid you have no say in what they give you. If it is indeed totaled, then you will recieve the estimated value of the car (not necessarily the Kelly Blue Book value).

Answer 8

That will be established by the Kelly Blue Book. It is the market (replacement) value, NOT what you paid for it!

Answer 9

I would tell them that you want what the blue book value as that is what it is going to cost you to get an equivocal car to the one you had.

Answer 10

id ask for kelly blue book value...