by brownnoser » Sun Sep 11, 2011 05:28 am
On 8/26/11 I was hit by a lifted truck on the freeway. He came into my lane and sideswiped me, taking out my driver door, fender, and mirror.
Filed a claim with my insurance (State Farm) as well as his insurance (Farmers) on 8/27/11.
On 8/30/11 Farmers calls me and says he accepted all fault so they will be taking care of all repairs. I schedule with them for an adjuster to look at my car on 9/2. On 9/2 the adjuster comes and goes over my car and he says I will receive information on whether or not my car is totaled after he gets info on how much similar cars are worth.
I give the adjuster a call on 9/6 and he says the car is totaled. I have to wait for their total loss settlement.
On 9/9 Farmers emails me the total loss documents.
Now, here is where I'm confused. They sent a market valuation report which I'm having trouble deciphering.
1. What does it mean that the condition is 'normal' followed by 'SIGNIFICANT WEAR AND FADE'? Does it mean that it's considered to have soiled/stained carpets?
2. What I'm having a problem with is the vehicle condition report doesn't match the actual clean condition of the vehicle. Can I get another appraisal?
I'm also confused on how much they're trying to settle for. The ACV the car is appraised for is $6878, sales tax is $602, license fee refund is $112, and total amount is $5246.42.
What does this even mean? How did they calculate all of this?
I'm located in California.
Filed a claim with my insurance (State Farm) as well as his insurance (Farmers) on 8/27/11.
On 8/30/11 Farmers calls me and says he accepted all fault so they will be taking care of all repairs. I schedule with them for an adjuster to look at my car on 9/2. On 9/2 the adjuster comes and goes over my car and he says I will receive information on whether or not my car is totaled after he gets info on how much similar cars are worth.
I give the adjuster a call on 9/6 and he says the car is totaled. I have to wait for their total loss settlement.
On 9/9 Farmers emails me the total loss documents.
Now, here is where I'm confused. They sent a market valuation report which I'm having trouble deciphering.
1. What does it mean that the condition is 'normal' followed by 'SIGNIFICANT WEAR AND FADE'? Does it mean that it's considered to have soiled/stained carpets?
2. What I'm having a problem with is the vehicle condition report doesn't match the actual clean condition of the vehicle. Can I get another appraisal?
I'm also confused on how much they're trying to settle for. The ACV the car is appraised for is $6878, sales tax is $602, license fee refund is $112, and total amount is $5246.42.
What does this even mean? How did they calculate all of this?
I'm located in California.
Posted: Wed Sep 14, 2011 01:03 pm Post Subject:
If they are considering the vehicle a total loss it does not matter about additional damage. The $4000 may be correct... depends on the salvage value they are using.
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