Can I dispute the car insurance company's assessment of my car NOT being a total loss?
I am not sure how the valuations work exactly but here's the situation. The insurance company estimated the damage to my car as being $8500. They said that the value of my car is $12000. I am certain that I could not have gotten 12k for my car prior to the accident and want my car to be totalled. I believe that the car will never be the same and that my resale/trade-invalue is totally shot. Blue book estimates my car closer to 8-9k. There are two similar vehicles in the area selling for 12k and one selling for 9k, however, they are at dealerships, which is not reflective of either the amount they will actually sell for or what I could get as a private party seller. Is it possible to challenge the insurance company's assessment and how would I do this?
If your state requires a vehicle be totaled at a certain percentage of the ACV...there's not a darn thing you can do.
YOU can hire an appraiser and go thru the arbitration process, but you'll lose.
FYI...insurance companies don't pay attention to KBB, NADA, or these other guides people like to refer to; they use ADP or CCC to obtain the ACV of your vehicle which a true figure based upon fact.
