Can insurance companies just donate you the worth of you vehicle, and not the cost of the damages newly because t
the auto insurance adjuster told me he cant give me the $3,000 for damages because my can is worth $1,700. i just want to fix my vehicle.
Answers:
It is the insurer's choice to repair or allege it a total loss.
Yes, that is how it works. It is not worth investing $3000 to fix a $1700 car.
Your auto has been determined to be "uneconomically practicable to repair" - in other words, throwing good money after discouraging.
If your vehicle is only worth $1700, why put another $3000 into it? That WON'T make your vehicle worth $4700!
Take the money and run! Source(s): Insurance agent for 27+ years
Your car has be declared a total loss
so the insurance will only pay you anything your car is worth on the Kelley Blue Book. If i were you i would thake the money and invest it on another vehicle. Or similar to the guy said above take the money and runnnnnn lol. Source(s): agent
Related Questions:
Answers:
It is the insurer's choice to repair or allege it a total loss.
Yes, that is how it works. It is not worth investing $3000 to fix a $1700 car.
Your auto has been determined to be "uneconomically practicable to repair" - in other words, throwing good money after discouraging.
If your vehicle is only worth $1700, why put another $3000 into it? That WON'T make your vehicle worth $4700!
Take the money and run! Source(s): Insurance agent for 27+ years
Your car has be declared a total loss
so the insurance will only pay you anything your car is worth on the Kelley Blue Book. If i were you i would thake the money and invest it on another vehicle. Or similar to the guy said above take the money and runnnnnn lol. Source(s): agent
Related Questions:
- Does anyone know if you can block your address from your vehicle registration & insurance information?
- Is near any permitted course to drive a not long purchased vehicle to be exact SORN. Insurance contained by place but no toll?
- Vehicle registration / insurance quiz state to state?
- What do I do when a driver refuse to impart me their insurance & vehicle info contained by IL?
- Is break insurance worth it on a lease vehicle?