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Car Insurance Estimate Advice - Am I Forced To Accept My Providers Car Insurance Estimate?
By David Ackland
Q: My car was recently hit by another driver and I believe it is a total loss. My car company feels it is repairable. Do I have to go with my car estimate?
A: We think you have your terminology a little bit confused. The car estimate usually deals with how much a policy will cost, the car estimator usually determines whether a car is repairable or not. It is important to understand the difference so you will be able to follow what is going on with your company.
In most cases the car estimator will decide on whether the car should be repaired or declared a total loss. If the customer disagrees with the decision there is usually a clause in the policy that will allow an independent estimator to evaluate the automobile.
If the independent estimator agree with the car
company the car will be declared a total loss and you will be compensated as such. If they believe the car is repairable the company will often reimburse you for repairs up to some percentage of the value of your car. The percentage differs from company to company, but the agent will be able to give you this information.
If you are very attached to the automobile and it is declared a total loss in some cases the auto will sell you the car for fair value market value. You can then have it repaired with the reimbursement you received from them for the total loss. If repairs cost more than they paid on the claim you will be responsible for the difference.
After the car repair is complete you will have to go shopping for a car estimate again. Please feel free to check back in if you need help with this process.
Looking for an auto insurance rating? Compare a company's auto insurance rating online at www.AutoInsuranceRatingFinder.com today. |
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5.1. Travel and cancellation insurance is mandatory for every Client. All insurance is solely the responsibility of the Client. ...
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