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do insurance companies deduct what they spent on your vehic

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Posted: Wed Aug 25, 2010 11:36 pm   Post subject: do insurance companies deduct what they spent on your vehic   do insurance companies deduct the money they spent trying to see if the vehicle was a total loss or do they still have to give me the fair market value regardless	marleysdad1 New member Joined: 25 Aug 2010 Posts: 1 1.31 Dollars($)
Posted: Thu Aug 26, 2010 1:29 am   Post subject:    Their expenses in determining what is owed is not part of the claim. You are paid the value of the vehicle regardless of how much money they spend to determine this.	tcope Forum Expert Joined: 22 Nov 2006 Posts: 5199 Location: Salt Lake City, UT 286.08 Dollars($)
Posted: Thu Aug 26, 2010 7:52 am   Post subject:    See, I don't think your policy papers have any such thing as deductions in terms of total loss determination. It would be up to the adjuster (based on a number of factors) to decide how much you could be compensated for. Your vehicle becomes a total loss once the repair charges equal 80% of it's ACV. _________________ Register Now to have your Insurance queries solved.	Playfulmind Guest
Posted: Fri Sep 10, 2010 12:52 pm   Post subject:    Definitely! It will very much be on the adjuster to decide how much you could be compensated for. Yeah, you can negotiate on the offer I guess.	carol Preferred member Joined: 28 Sep 2005 Posts: 195 32.69 Dollars($)

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