The car was fully covered by insurance and was totaled in an accident. It is 100% of my fault. I have claimed it with the insurance company. The company has sent adjuster to evaluate the car. What will be happening next? What should I expect?
2007-11-07 07:41:23 · 8 answers · asked by George 1 in Cars & Transportation ➔ Insurance & Registration
While you are waiting, clip ads for similar vehicles from papers, auto trader on-line, dealer flyers, anything you can find showing the average selling price of similar vehicles in your area. After the adjuster evaluates, they will make you an offer. If the offer is the same or higher than your examples. Hum and haw and try to negotiate up.. If the offer is lower, use the clippings to show the offer is a low-ball, and ask for more money.
2007-11-07 07:54:43 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
Well, if you owe anything on that car the lender who has your title will be paid first! The insurance company is required to pay the balance to the people who financed your car. You will then get the difference of that amount in the form of a check.
If nothing is owed and the title is yours, well your insurance company should be issuing you a check for the value of your totaled automobile.
Was anyone injured or hurt, by the way because that makes a huge difference in this answer-
2007-11-07 07:52:11 · answer #2 · answered by ? 5 · 0⤊ 0⤋
The insurance company will run one if not more evaluations on your vehicle to determine the actual cash value.
The adjuster will then contact you and present you with an offer.
Depending on your state you may have the option of keeping your vehicle (if you wanted) or you can turn the vehicle over to the insurance company.
You would be required to send in the title.
Depending on if you owe any money to your lien holder the money will either go to them, or you, or both if the vehicle is worth more than your loan.
2007-11-07 08:47:14 · answer #3 · answered by ♥ Uwish ♥ 6 · 0⤊ 0⤋
They should be mailing you some total loss forms for you to sign and return. Once they determine the value of your vehicle they will complete a total loss breakdown to determine how much money will be paid.
FYI: Your insurance company will not pay you for what you paid for the vehicle or what you owe on your loan if you are still making payment. They will only pay you Actual Cash Value not Kelly blue book.
2007-11-07 11:39:02 · answer #4 · answered by g-girl 2 · 0⤊ 0⤋
To begin with, the decision as to whether or not it's totaled is with the adjuster. Once he looks and makes his determination, he will tell you what will happen next. If you are right and it is a total, you will get fair market value, less your deductible amount, and they will take the wrecked car away.
2007-11-07 07:52:31 · answer #5 · answered by oklatom 7 · 0⤊ 0⤋
You should get a check for the current value of the car if it was not totaled. Minus any deductible.
2007-11-07 07:50:23 · answer #6 · answered by ♥♥The Queen Has Spoken♥♥ 7 · 0⤊ 0⤋
A check for too little money I'd imagine...
If the car wasn't totaled, it would begin being repaired now.
2007-11-07 07:44:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I AGREE WITH "THE QUEEN & "FRED C"... YOUR ADJUSTOR WILL ALSO WALK YOU THROUGH THE PROCESS.
2007-11-07 08:49:14 · answer #8 · answered by Anonymous · 0⤊ 0⤋