TaterMitts
New Member
- 1
Hi all,
I was recently rear-ended by a semi and was attempting to settle with the trucker's insurance company. I had only liability at the time and I am told this would have been much less complicated if I had collision as well.
Anyway, the estimate that was completed by a local dealer totaled $4200 and the offer I received from the insurance company was in the amount of $2800 to have the work done myself or $3000 to total the vehicle. Now, in this instance I would probably prefer to have the vehicle totaled (apparently the adjuster knows this) but don't want to accept an offer that is less than half of what it would cost to replace it. On the other hand, I'm not sold on the idea of accepting a settlement for significantly less than what the repairs will cost.
Adjuster said he based his "totaled" number on trade-in and not retail. Is that common... or even acceptable?
I checked with NADA and Rough Trade-In value was $3200 (I went with lowest value for perspective) and Retail was almost $7k.
I guess I am just wondering if these numbers are negotiable and I just gotta play the game or if I just picked the wrong guy to hit me. Thanks for the advice!
I was recently rear-ended by a semi and was attempting to settle with the trucker's insurance company. I had only liability at the time and I am told this would have been much less complicated if I had collision as well.
Anyway, the estimate that was completed by a local dealer totaled $4200 and the offer I received from the insurance company was in the amount of $2800 to have the work done myself or $3000 to total the vehicle. Now, in this instance I would probably prefer to have the vehicle totaled (apparently the adjuster knows this) but don't want to accept an offer that is less than half of what it would cost to replace it. On the other hand, I'm not sold on the idea of accepting a settlement for significantly less than what the repairs will cost.
Adjuster said he based his "totaled" number on trade-in and not retail. Is that common... or even acceptable?
I checked with NADA and Rough Trade-In value was $3200 (I went with lowest value for perspective) and Retail was almost $7k.
I guess I am just wondering if these numbers are negotiable and I just gotta play the game or if I just picked the wrong guy to hit me. Thanks for the advice!
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