car was stolen and totaled, now my insurance is offering me a 8100 for the car and the average around my area for the same car is 10000,what can i do
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UPDATED: Apr 2, 2013
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Insurance Question from Hialeah, FL
Asked on 04/02/2013
car was stolen and totaled, now my insurance is offering me a 8100 for the car and the average around my area for the same car is 10000,what can i do NULL
Answer given on July 03, 2013
If your car is stolen and is considered a total loss, the insurance company will offer the actual cash value of your car less your deductible. If you have a high deductible, you need to consider it as a part of the offer.The insurance company often uses the Blue Book to value a car. That could be inaccurate depending upon the area where you live and the popularity of the car in question. They should also check local values, but it is up to you to prove there is a difference in value.If you do not agree with the settlement offer, it is up to you to prove the value of your car is higher than offered. You can do this by providing local newspaper ads or ads online that show the value of the car. The ads need to be in the area where you live, since values can fluctuate. Also, the mileage and condition of the car needs to be considered in its valuation. Photos of your car could help you prove its condition prior to it being stolen. If you still cannot get a satisfactory offer from the adjuster, ask to speak to a supervisor and again present your side of the story. See if they will amend the offer made for the car.
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