My old reliable Buick, which was finally paid off and all mine, got rear ended. I was told by one collision repair shop that the damage is so extensive that the cost of repair is higher than the value of the car. I know that State Farm ( not who I have as an insurer ) uses NADA as a guide to value. The insurance company of the guy who hit me ( he was issued a ticket etc. ) is a notorious fly-by-night ( or shall we just call a spade a spade and say "they look outright CROOKED to me ) outift.
I am likely going to see the collision shop today that this dubious "high risk" insurance company uses for its assessments and "adjusting". If they indeed say that the car is totalled, I may be in a position son where I have to decide how to fight a lowball offer. Attorneys cost money and this is not a Rolls Royce we're talking about here.
Of course, I can submit the claim through my own insurance company if ( eventually ) the other company proves too stubborn in its ways etc. But then I have a $500.00 deductible and higher rates coming to consider, if I take that route.
I will not discus any potential personal injury potentialities in this open forum. PM's only for that. Yes, I do have a sore neck.
In the Kelly Blue Book it lists two different kinds of valuation categories. "Trade-In value" and "Resale value". The latter is twice as large as the former, i noticed. Which category are insurance companies supposed to use when calculating ?
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