Comments on: How is a valuation made when a car is written off? http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/ Fri, 18 May 2012 02:15:23 +0000 http://wordpress.org/?v=2.7 hourly 1 By: bikerwoody http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/comment-page-1/#comment-7860 bikerwoody Tue, 06 Oct 2009 08:17:08 +0000 http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/#comment-7860 You should let your insurance company handle it. They will pay you your money the get it back from the at fault driver. You can insure your car for a set payout. Mu 31yr old ute is insured for $4000. My wifes ten yr old Falcon is insured for market value, which would be wholesale value, maybe $3000 if we were lucky.<a href="http://www.legaldot.net/blog/"> bikerwoody</a> You should let your insurance company handle it. They will pay you your money the get it back from the at fault driver.

You can insure your car for a set payout. Mu 31yr old ute is insured for $4000. My wifes ten yr old Falcon is insured for market value, which would be wholesale value, maybe $3000 if we were lucky. bikerwoody

]]> By: entidtil http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/comment-page-1/#comment-7859 entidtil Sun, 04 Oct 2009 23:15:10 +0000 http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/#comment-7859 Your statement is not true: "Normally your insurance pays you whatever they have insured the car at"... No insurance company ever pays what you have the car insured at. The procedure is the same no matter which insurance company pays for the car and that is that when the cost to repair is about 70% or more of "fair market value", the car is totaled and the owner (or lien holder) is sent a check. Fair market value is what a similar car in similar condition in your area is selling for. It is NOT "blue book" value although you can get a good idea of the value by looking up the blue book value<a href="http://www.goldbuyingguide.com/gold-buying-and-selling.htm"> entidtil</a> Your statement is not true: “Normally your insurance pays you whatever they have insured the car at”… No insurance company ever pays what you have the car insured at. The procedure is the same no matter which insurance company pays for the car and that is that when the cost to repair is about 70% or more of “fair market value”, the car is totaled and the owner (or lien holder) is sent a check.
Fair market value is what a similar car in similar condition in your area is selling for. It is NOT “blue book” value although you can get a good idea of the value by looking up the blue book value entidtil

]]> By: Howard L http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/comment-page-1/#comment-7858 Howard L Sat, 03 Oct 2009 06:20:31 +0000 http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/#comment-7858 Insurance companies have their own data base which they develop based on market prices for similar cars in your location. There are none that I know of that use the publicly available price guides. Frequently they use the prices from CCC, an independent appraisal company. The insurance company prices tend to be lower so they don't have to pay out as much money.<a href="http://www.bigjobtools.com/srch/srch.php?q=hydraulics"> Howard L</a> Insurance companies have their own data base which they develop based on market prices for similar cars in your location. There are none that I know of that use the publicly available price guides. Frequently they use the prices from CCC, an independent appraisal company. The insurance company prices tend to be lower so they don’t have to pay out as much money. Howard L

]]> By: piegowdealer http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/comment-page-1/#comment-7857 piegowdealer Wed, 30 Sep 2009 12:58:39 +0000 http://www.cargearusa.com/blog/how-is-a-valuation-made-when-a-car-is-written-off/#comment-7857 NADA blue book. +accessories -mileage.<a href="http://www.batterybackupguide.com/backup-battery-ipod.htm"> piegowdealer</a> NADA blue book. +accessories -mileage. piegowdealer

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