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 Posted: Tue Jun 30, 2009 4:58 pm Post subject: total loss on 1998 chevrolet Malibu |
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My car was totaled in a accident about 4 weeks ago. I just go an ACV from the insurance company for $1746.00 (in Ohio- 45246). I have seen some other same make/model/year online and they have alot more damage but they say their ACV is $2182-3000.
Can I go back and say that they are offering me not enough?
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heath2070
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| Posted: Tue Jun 30, 2009 5:34 pm Post subject: |
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Why do you mention that these vehicles you found "have a lot more damage"? The damage to your vehicle does not matter. The value is based on it's pre-accident condition.
Are the prices your looking at asking prices or the actual selling prices? Few people sell the vehicle for the asking price.
You need to find out how the insurance company obtained their value. If it's a report, obtain the report and review it to make sure that the information is correct. |
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tcope
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| Posted: Tue Jun 30, 2009 5:51 pm Post subject: |
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There was a small bi of damage to my car before the accident, a piece of trim had come off the passenger side, otherwise my car was in good condition. No chipping paint, no other damage, etc..
I found a website for easyexport.us. It looks like where salvaged cars are being auctioned off thru Copart Auto Auctions. It lists the ACV for the car and the repair estimate.
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heath2070
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| Posted: Tue Jun 30, 2009 5:57 pm Post subject: |
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You should not be looking at that info for the ACV's of vehicles.... it's simply not going to be accurate nor do you know where they got that information from.
You need to find out where the insurance company obtained their information from. You also need to know if they are taking a deduction for that missing trim piece. If so, how much. |
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tcope
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| Posted: Wed Jul 01, 2009 11:59 am Post subject: |
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| Quote: | | I found a website for easyexport.us. It looks like where salvaged cars are being auctioned off thru Copart Auto Auctions. It lists the ACV for the car and the repair estimate. |
Health, you may instead check with some of the local used car vendors and obtain their estimates for the car. If their estimates too exceed what has been offered by the insurance company, you may then negotiate the value with them.
You may also ask the insurance company to send you a copy of their estimate and review it for missing information/items.
~Jeremy |
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JeremyHolter
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| Posted: Wed Jul 01, 2009 12:21 pm Post subject: |
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Hi health2070..
Did your insurance carrier tell you anything regarding their determination of the ACV?
Find out whether they used the NADA book to determine the ACV. Or may be they've taken an average of 2 books.
| Quote: | | It looks like where salvaged cars are being auctioned off thru Copart Auto Auctions. |
But did they show you pics of such cars after the accident? How did you get an idea that your car is in a better condition than those mentioned there?
Steven |
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steven
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