Reply to Accident: totaled decision & new car timing

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here; thank you for the advice! For KBB, I assume the insurance company would try to use the trade-in value as their anchor (vs private party, which is a higher estimate)? Just trying to set my own expectations and try to be conservative when pulling forward the car budget.[/quote]

They need to give you the amount for you to buy the same car, so trade-in value isn't good enough because you can't buy it for that.

Get the valuation report and make sure they have all of your packages and options reflected correctly. You can also submit receipts for recent repairs. They should pay for tax, tags, and registration on top.[/quote]

That is only if you have replacement value. [/quote]

No, it's not in Virginia. I'm talking about the value of replacing the car you have. In a first party claim in Virginia the insurer has to pay taxes, tags, and registration. So if the car is worth $10k, they'd pay you the amount of sales tax on $10k and the amount to get tags and registration for a car. For a third party claim it apparently depends on whether the policy says they have to.

Might be different in Maryland or DC.

Also by "same car" I mean same car, so for instance a 2015 Volvo V60 with 100,000 miles on it if that's OP's mileage and all the same features and packages. Now, they might have to model the value or estimate how much higher (lower) mileage decreases (increases) the value if there are no same model/page/year/mileage/condition cars for sale locally, but that's why you need to look at the valuation report to see if you're receiving what the car is worth.

I've gotten more money for submitting receipts and correcting the vehicle package and features. You can also try to find better comps. It's negotiable and as long as you have reasonable support they will probably agree to close your case.

Oh, also, get paid for the car seats if you had any in there.[/quote]

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