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My insured car was stolen and recovered. I do not want the c

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Posted: Tue Oct 20, 2009 4:14 pm   Post subject: My insured car was stolen and recovered. I do not want the c   car has been damaged but is probably fixable. The car will not start, I do not know at this time how much damage has been done to the motor. The car is a 2003 Hyundai Tiburon	onealk New member Joined: 20 Oct 2009 Posts: 1 1.27 Dollars($)
Posted: Wed Oct 21, 2009 4:18 am   Post subject:    your insurer will probably make a determination as to wheter it is more economical to repair the vehicle or pay you out a settlement as per your policy benefits once they have accepted the claim. If they elect not to repair the vehicle, your settlement will be determine byt he type of policy you have. If you have a "market value" policy they will pay you what a similar vehicle would be worth in current market conditions. If you have an "agreed value" policy the sum insured is set at the inception of the policy and does not depreciate over time. what you see on your policy schedule is what you will get. _________________ Get free insurance quotes or Purchase auto Insurance online in minutes.	heidrek Senior member Joined: 19 Oct 2009 Posts: 236 36.87 Dollars($)
Posted: Wed Oct 21, 2009 5:32 am   Post subject:    Yes, the right thing to do would be to get it inspected by your carrier. If the cost of repairs is worth 80% of the current market value of the car, then they'd total it out.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.65 Dollars($)

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