Sunday, January 8, 2012

Car totaled, what value do I look for?

I got in an accident a few weeks ago and the auto shop called today to tell me the car is most likely totaled. They told me to go on Nada, KBB, and Edmunds to get the value so that if in fact the car is totaled, the insurance company can pay me the value of the car to go towards another.





There are so many options on these sites though, it's confusing! It's a 2007 Corolla. Do I look at used cars? New cars? Cars in poor condition? Excellent condition?





TIA for your help.|||First thing you do is talk with the adjustor of the insurance company. If you are looking for money, you'll probably get less than what you think you should due to depreciation. Ask for a replacement car. That's what you need and want anyway.|||Thanks for choosing my answer as the best one. I appreciate that.

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|||You have to go by the condition of your car. They usually have definitions of the ratings.|||I am pretty sure the insurance company will handle that. They will have a claims adjuster come out and he will decide if its totaled and what they give you.|||Check prices of same type vehicle on e-bay. That way you know what the car is selling for.

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