Question:
car meets tree- car loses..pretty sure it is totalled. i would like to know which value might be assigned to my car; kbb has "trade in", private party", and "retail." nada has "clean trade in" and "clean retail values". anyone know which an adjuster would use?
Answers:
What engine size keeps your tax down?
Most use NADA for a base-line value but ACV (actual cash value) of your vehicle based on mileage, options and condition will be used.How much does an average or junky car cost per month??
Neither. They use the Actual Cash Value of the vehicle obtained from ADP or CCC.How many points do u get on your provisional license in Queensland.?
Depends on the company. Have pricing from both along with current private party ads for vehicles that are the same year, make, model and mileage. This will allow you to know if what they are offering is anywhere close to what you should be getting. To even get a payout from the insurance company, you would have to have collision coverage, and your deductible will be taken out of the settlment amount.Is there a way to find out how many points I have on my driver's license?
You will be owed the ACV (Actual Cash Value) which is the retail value of the vehicle just prior to the accident.As another poster pointed out most companies will use computerized tracking/evaluation systems like ADP or CCC. Car dealers report actual sold cars and the selling price of cars still on their lot. That way the evaluation is based on similar cars within your area.
Some smaller companies still use the NADA or Kelley books. If so they owe you the the retail value, not trade in value.
If you really think it is totaled you can do some of your own research on websites like autotrader.com
Good Luck
More Questions & Answers ...
This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.
Copyright 2006-2008-2007 CarQnA.com. All Rights Reserved.