by unosinu » Thu Jan 24, 2008 06:26 pm
Hi,
I recently purchased a Honda Accord EX-L 2008 model on Dec-26, 2007. Unfortunately I met with an accident on the 14th of Jan 2008 (my fault) and I have comprehensive collision and damage coverage and also GAP insurance since I financed the car. The insurance company has declared my car TOTAL. I inspected the car and the front guard, the bonet, right side mirror, and lamps are totally damaged. The radioator is damaged and I believe there is a damage with the a/c hose pipes. The right side of the car has dents and needs painting. I believe there is no damage to the engine or interior. I am not satisfied with the decision as I believe the car is still repairable and I dont know what the ACV will turn out to be. The insurance person told me that the cost in fixing the car will be around $13000 which includes any suspected hidden damages (estimated). Can someone put complete focus on what steps should I take and if the car is really a total loss then what is the best deal I should expect based on the make/model/200 miles/and the description of damages? How long does it take for the cheque to reach the bank if its a total loss settlement, since after that only I can go for GAP and GAP has a time limit of 90 days from the date of accident. Please provide me as much information as possible since I am new to USA and do not know many things which I can easily overlook. Thanks for the replies in advance.
I recently purchased a Honda Accord EX-L 2008 model on Dec-26, 2007. Unfortunately I met with an accident on the 14th of Jan 2008 (my fault) and I have comprehensive collision and damage coverage and also GAP insurance since I financed the car. The insurance company has declared my car TOTAL. I inspected the car and the front guard, the bonet, right side mirror, and lamps are totally damaged. The radioator is damaged and I believe there is a damage with the a/c hose pipes. The right side of the car has dents and needs painting. I believe there is no damage to the engine or interior. I am not satisfied with the decision as I believe the car is still repairable and I dont know what the ACV will turn out to be. The insurance person told me that the cost in fixing the car will be around $13000 which includes any suspected hidden damages (estimated). Can someone put complete focus on what steps should I take and if the car is really a total loss then what is the best deal I should expect based on the make/model/200 miles/and the description of damages? How long does it take for the cheque to reach the bank if its a total loss settlement, since after that only I can go for GAP and GAP has a time limit of 90 days from the date of accident. Please provide me as much information as possible since I am new to USA and do not know many things which I can easily overlook. Thanks for the replies in advance.
Posted: Thu Jan 07, 2010 08:50 pm Post Subject: car accident
my car was rear ended,damages are need bumper replacement,sidings,mud guard and replace exhaust pipe and muffler plus painting,est of repair is $3258,my car is 1997 montero sports 4wd,kelly book say may be worth $2500,car is very much drivable,insurance company wants the car to be taken apart to determine if it will be declared as total loss,we believe it need a repair only,what are our options
Posted: Wed Feb 03, 2010 10:05 am Post Subject: Totaled car
A car is totaled only when its cost of repair is more than its worth. Your car might seem to be drivable, but it would be expensive. If you still want to keep the car, your insurance company would set a fair market value on the salvage and would deduct this amount from your settlement. Another option would be to to let the insurance company total your car. You can then do some investigation and find out the fair market value of your car. The insurance company would offer you the actual cash value of the vehicle. Contact a claim adjuster and negotiate the total loss settlement offer.
Posted: Thu May 19, 2011 08:40 am Post Subject: pUhAEFbdzXW
Totalloss settlement.. Awesome :)
Posted: Fri Jun 03, 2011 10:41 am Post Subject: nZgKgHeJEj
Totalloss settlement.. Reposted it :)
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