Auto Insurance Claims: Follow Up Question, Total Loss

Question
I was not able to ask this following up question to another individual. My car was hit by a dodge ram truck and has a good amount of frontal damage. My follow up question is ...when I am looking at the value of my vehicle am I looking at the retail value, private party value or trade in value? I wanted to know this because I know in order for the car to be a total loss the damage it has to be 70% of the car's value or something like that.

Answer
Hello Lynette,

I am sorry to hear about your possible total loss. This type of claim can be very difficult to argue and settle. For detail information about the total loss process and tips on how to handle your claim Visit:
http://www.auto-insurance-claim-advice.com/totaling-a-vehicle.html

Insurance companies do not look at “trade in vs private party values.” They will get an independent evaluation of the value of your car. They determine the value by finding vehicle’s for sale in or about your local market.

You can look at the Kelly Blue Book value and the NADA value, but it will only help you as a guide, not as a “final value.”

I hope this helps

Good Luck,
Anne.