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Insurance settlement on totaled auto

Discussion in 'Money & Finance Forum' started by Thelt, Mar 12, 2007.

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  1. Mar 12, 2007 at 3:50 PM #1
    Thelt

    Thelt Full Access Member

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    The insurance company is offering my mom less than what her car was worth. They are offering her about $2,000 but Kelly Blue Book and NADA are both over $3000. I pulled up the local classifieds and comparable vehicles are listed at about $3,000. Do we have any recourse.
     
  2. Mar 12, 2007 at 4:01 PM #2
    VA49er

    VA49er Full Access Member

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    Is it really worth it for that? Take the dinero and run.
     
  3. Mar 12, 2007 at 5:10 PM #3
    Thelt

    Thelt Full Access Member

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    It is not worth getting a lawyer for $1000 dollars. It just sucks to get screwed by them. They say they only give you "cash value" not replacement value. That sucks because she had a car that sells for $3000 and now she can only replace it with a car that costs $2000. Because she had an accident that was not her fault she just had to down grade her car by one third.

    Granted she will likely put the $2000 down on a car that costs much more than $3000 but still she is getting screwed over by the insurance company.
     
  4. Mar 12, 2007 at 11:28 PM #4
    JeykleHyde

    JeykleHyde MPD Test Subject

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    I fucking hate insurance! We should all boycott it.
     
  5. Mar 12, 2007 at 11:34 PM #5
    CFBall

    CFBall Senior Member

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    me too but insurance companies are part of the guberment now.

    boycotted.:thud:
     
  6. Mar 13, 2007 at 8:30 AM #6
    VA49er

    VA49er Full Access Member

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    And the insurance company knows this, hence the reason you are getting screwed. If it really pisses you off just switch companies once you get the check.
     
  7. Mar 13, 2007 at 9:46 AM #7
    slydevl

    slydevl Asshole for the People!

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    Like that will hurt them. They now consider his mom a risk and would rather see her gone.
     
  8. Mar 13, 2007 at 9:48 AM #8
    Trace

    Trace Full Access Member

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    Actually or actuarially no. The chances of her having another accident are slim to none.
     
  9. Mar 13, 2007 at 10:04 AM #9
    VA49er

    VA49er Full Access Member

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    I know, but it'll be one less premium they will collect.
     
  10. Mar 13, 2007 at 10:08 AM #10
    gridfaniker

    gridfaniker Loathsome

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    when you trade a car in do you get actual value?
     
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