Explains the process of insurance adjusters in determining the retail value of a car. Sources used by insurance adjusters to measure the value of the car; Best way to resolve a conflict between insurance adjusters and car owners; Policy of most U.S. states in measuring the value of a car.EBSCO_AspKiplinger's Personal Finance
Rental car options What to do if your car is totaled And more We hope our Car Accident Resource Center has helped you to understand your rights as a car accident victim, and we encourage you to share the information with your friends and family. You never know when you'll be in an acc...
All things considered, the start of the process depends on whether your car is totaled or it's just a junk car that you want to sell. However, all the roads lead to Rome, and you'll need to find out your junk car value. The Case of a Car Accident Believe it or not, getting a ...
Similarly, if you get in an accident and the car is totaled, what you get from the insurance company probably won’t cover what you owe. You’ll get stuck paying on a loan for a vehicle you don’t even have anymore. That’s a major hardship, especially if you have to get another ...
Of course, if your vehicle is totaled – meaning, its market value is effectively nothing – you should be able to expect full market value (immediately before the accident) to compensate you for the loss of value. (Repair expensesin that case would likely be zero, because why would you ...
In the event your vehicle is totaled or stolen, or you have unexpected major mechanical repair costs, it's important that you have auto protection for your vehicle, boat, RV, or motorcycle. Having Guaranteed Asset Protection (GAP) and Extended Warranty can save you major out-of-pocket expense...
In my case my gut told me my vehicle was totaled. If you have any inkling that your vehicle is totaled start finding a replacement vehicle as soon as possible. I did not want another vehicle. I delayed the process and had a hard time committing in the end. ...
Being upside-down on a loan, or owing more on the car than it’s worth, is a tricky situation. You may run into problems if you try to sell or trade in the vehicle, since you won’t earn enough to pay off the loan. Similarly, if the car is totaled, the insurance payout may ...
So if your car is totaled, the insurance company should consider the value of anything, software included, on the original bill of sale. If you purchased after the fact, like I did, I got a rider to cover aftermarket equipment. The policy included $5000 in aftermarket equipment, and they...
What is the resale value of a car? You likely need to know the resale value of a car when you are in the market for buying or selling a vehicle, or if you are filing an insurance claim on a car that was totaled in an accident. The resale value, as the name suggests, is simply...