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What is the value of my car? How much should Insurance pay me?
Can you guys help me out, my insurance called me and they said its a total loss so they quote me that they will pay (ACV) $11,020. To me that seems pretty low on Kelley Blue Book I get a quote of $14,740 unless I am doing something wrong?
Information about my car
2010 Honda Accord EX-L V6 3.5 (Black)
Leather Seat (Black)
Dual Power Seats, Multi Disc, XM Radio
Traction Control, Premium Sound
All stocks, clean record, no modifications.
State: Michigan
Excellent Condition. no dents.
How much should I actually get from my insurance? can I fight their offer of the ACV?
Sorry to create a new topic, just need help asap before Monday evening.
You might have better luck posting on a Honda forum to see what people with a similar car got from their insurance in your local area. Insurance do not use the blue book value, but values more inline with NADA since it actually reflects more so what people paid for the car of similar condition/mileage.
Your best bet is to get similar car with options & mileage for sale in your area. They won't accept a higher priced car on the other side of the country. If you find local cars for sale in your area for more it will help your case. You can present these printouts and negotiate a higher payout value.
It depends on the insurer. Who's your company? And did you present the KBB value to them? CruizinZ is mostly correct but again the way you will be paid out is based on each individual insurers parameters...
07-12-15, 02:36 PM
What is the value of my car? How much should Insurance pay me?
