I recently had my car stolen and the insurance company is going to total the car. Someone mentioned to me that I am able to deny what my insurance company will offer me. I am aware that they will go off the Kelly blue book but one of the options on the site for kelly blue book is picking the condition of the car....how will the insurance company decide what condition it was in before it was stolen? help!
2007-07-02 05:42:53 · 7 answers · asked by rtutbatt 1 in Cars & Transportation ➔ Insurance & Registration
Unless your insurance specifically TOLD you they are going off Kelly, they're going off of the actual cash value of the vehicle and not anything else. As for the condition of the car, unless you can prove otherwise, they should classify its condition as average or fair depending on the age of the vehicle. You can reject any offer they make you as long as you understand you have to PROVE the value is worth more than what they are offering.
2007-07-02 14:35:15 · answer #1 · answered by bundysmom 6 · 2⤊ 0⤋
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2016-08-30 03:14:46 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You do have some great leverage that insurance companies do not want you to know about. If you liked what you were driving insist that they replace your car with one exactly like it. Same mileage with service records so you'll be able to judge weather it's been taken care of as well as your stolen car.
In any event if you have service records with mileage documentation your stolen vehicle should be worth more than average Kelly Blue Book. I'm surprised they didn't push you into the NADA book price as prices are a bit lower their than Kelly. Good Luck.
2007-07-02 05:53:25 · answer #3 · answered by Country Boy 7 · 0⤊ 2⤋
They will go by the Kelly Blue Book and there's little you can do. They don't care about any after-market add-ons either. Depending on the year and your estimated mileage driven each year, and whether you had any accident claims since insuring the car, they will assume the car was in good condition.
2007-07-02 05:48:35 · answer #4 · answered by Resident Heretic 7 · 1⤊ 1⤋
the guy who's named on the coverage coverage receives the verify. mutually as the coverage business enterprise isn't to blame for the variety you utilize that money, you nonetheless owe the monetary organization for any money you borrowed on the vehicle, so which you will possibly money the coverage verify, and use it to repay as lots of the debt as plausible. in case you owe the monetary organization extra desirable than the coverage verify volume, you may pay the version.
2017-01-23 09:08:48 · answer #5 · answered by mckinzy 3 · 0⤊ 0⤋
Each insurance company is different.
They each have a system that they use.
Best way, Call them and discuss this with the rep...
2007-07-02 05:48:44 · answer #6 · answered by Anonymous · 1⤊ 0⤋
normally it's the replacement price of a car like the one wrecked.
2007-07-02 05:51:09 · answer #7 · answered by Jan Luv 7 · 0⤊ 1⤋