Thread: Buying back a totalled car from insurance

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2014-05-21 17:18:40

#11

BurtonNX2000 Online/offline status of BurtonNX2000 is unknown

NX2000

Join Date: 2007-12-11
Location: Oregon
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Any one else suspicious about most blue book values being less than what cars actually sell for? Hmmmmmmmmmm who benefits massively from this.....

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2014-05-21 17:27:38

#12

1fastser

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Join Date: 2009-11-06
Location: TEXAS!
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Originally Posted by Socius

I've worked for insurance companies for over ten years and I've seen clients fight the claim adjuster on the value of the their car. Most claim adjusters make bonuses based on the lease amount of money paid out every month. So you need to arm your self with proof in writing. To get more you have to prove to the insurance company it's worth more. The value of the vehicle is based on what the car was worth at the time of the accident in your area. You can show receipts for new parts, check online sale, classifieds or go to your local dealership and ask them for a quote on what the car would of sold on their lot.

Good luck!

^THIS!

The offer they make you for a total loss is just that, an offer...and you can reject that offer...especially if you know it to be worth more and can prove it. Plan to go back and forth but stick to your guns. In my experience working for State Farm, going up the ladder yields good results for the policy holder - even when it's undeserving, they will eventually just want it to go away so they will pay.

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