How insurance determines the vehicle value

by Starr

How does a insurance company determine the value of a car


Answer:

I assume you are looking for this because you are in the middle of a total loss situation. If that is the case, visit this website, it should really help with that.

http://www.auto-insurance-claim-advice.com/totaling-a-vehicle.html

The short answer for that is that they have to evaluate the Fair Market Value of your car. To do that, they have to evaluate all similar vehicle values in your area and then take into account the options of your vehicle.

They will try to settle with you for the average price. There are way to dispute such price.

See the link above.

Good Luck
http://www.auto-insurance-claim-advice.com/