What if an auto insurance valuation is too low?

What if an auto insurance valuation is too low?

The insurance company wants to total my car, which was in a parking lot accident. The value that they are giving it is way too low. I know some people want more than their car is worth and the insurance company would like to save themselves as much money. However, objectively looking at it....I cannot find another car for the price that the insurance company says it'-s worth. Online dealer ads list some cars with somewhat higher mileage at $2,000-2,500 more. When I offer the amount that the insurance company offered, they are polite but decline the offer.The insurance company uses comparisons with cars that are all much higher in mileage, some double. I suspect those cars are beat up.The state insurance commissioner will do nothing much, according to what their website suggests. At most, they will be an informal moderator that encourages resolution. They also tabulate the number of complaints. They will not get involved unless there is a clear violation of law, not just low ball estimates. They even say that.Actually, the repair estimate plus salvage value equals the value they assign. If the value is higher, it should be repaired, which I want. I am willing to accept a fair valuation and settlement but it is not fair now. What should I do?

Mad

You can always appeal their offer. But be prepared to back up your reasons with facts. I think or I feel doesn't count.For one ting, the vehicle was inspected by an insurance adjuster. The adjuster deducted for things like rust, old damage, worn upholstery, high miles, worn tires, faded paint, etc. If the accident was your fault your deductible would also be applied.Also. What you may owe on a vehicle has absolutely nothing to do with its value.One last thing. What you see a car advertised for is not always what they actually sell for.

Ask

insurance

Popular Q&A

Which american auto insurance company covers you if you travel to canada ?
Unlike Mexico which requires you to buy their insurance, Canada will recognize your current policy as a tourist in their country.

What is the cheapest auto insurance company?
that's the one who charges less moneySource(s):Innate general cognitive ability

What countries have gender equality for auto insurance rates?
There are some provinces of Canada that have crown corporations that provide mandatory coverage. These crown corporations are not allowed to use gender in determining rates. However that is in a few provinces, and not something that is practiced nation wide. Gender as a rating factor has been...

What is the best/cheapest auto insurance in Washington for an SR22?
SAV-ON Insurance Agencies provides complete, flexible and affordable auto insurance solutions for our customers in the Seattle, WA region. We work with more than 30 independent insurance companies to help you obtain the best price possible for the auto insurance you need. If you're looking...

Where can I get car insurance in Colorado (during the wildfires)?
Go to a local insurance company office staffed by full time professionals to get an insurance quote.."E" insurance is the same as talking to a robot or a mindless voice on the telephone. deal with real people and real insurance companies.