Guys, a good friend of mine just had her car totaled by a inattentive driver. This is in light of my own car being totaled by a tractor-trailer. My insurance compensated full retail price plus pro-rated adjustments for repairs (last 18 months). They will pursue loss from the trucker's ins co.
Since the other party is at fault for my fiend's accident, she is working directly with the other party's insurance to get the vehicle value back. She is being compensated a projected sale price, minus vehicle mileages adjustments which is absorbitant. Basically, she is getting a lot less than what the market value of the car, especially after she sunk in almost $4K in repairs over the last few years. The ins co claims that any repairs done is not claimable.
What I told her is that she should be able to walk out of the dealer with the keys in her hand with the check the ins co writes for a similar car. Right now, I don't think she is getting that amount.
What can she do to get the ins co to pay fair value? The compensating ins co is a very large company and probably won't flicker even if threatened with reporting to the AG.
Since the other party is at fault for my fiend's accident, she is working directly with the other party's insurance to get the vehicle value back. She is being compensated a projected sale price, minus vehicle mileages adjustments which is absorbitant. Basically, she is getting a lot less than what the market value of the car, especially after she sunk in almost $4K in repairs over the last few years. The ins co claims that any repairs done is not claimable.
What I told her is that she should be able to walk out of the dealer with the keys in her hand with the check the ins co writes for a similar car. Right now, I don't think she is getting that amount.
What can she do to get the ins co to pay fair value? The compensating ins co is a very large company and probably won't flicker even if threatened with reporting to the AG.