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Cars and Transportation
Reply to "Question about insurance- Car totalled"
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[quote=Anonymous]most insurance payouts on totaled vehicles use actual used car selling prices. KBB and NADA are just guidelines anymore. the insurance company will search your area for recent sales of vehicle that match your vehicles options. since you just did some recent work to the vehicle have those receipts handy they will provide you the list of vehicles they used for your valuation. you want cars that where sold less than 50 miles away, and overall mileage within 1000 miles. The valuations should also note date of sale. if the sale is is more than a few months old. complain as used car prices are much higher now than they were a few months ago. go online and look a places like cars.com and see what asking prices are on vehicles with the same options. [/quote]
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