How does an Insurance Co deteremine the Actual Cash Value of
by Guest » Thu Feb 04, 2010 02:27 pm
How does an Insurance company go about determining the value of our car if its stolen
Total Comments: 3
Posted: Thu Feb 04, 2010 02:29 pm Post Subject:
Conduct a search of comparable vehicles in your area, compare prices, dealer quotes, etc. NADA research of your vehicle, make, model, mileage etc.
Posted: Fri Feb 05, 2010 06:59 am Post Subject: ACV of a car
The ACV of your car is determined by comparing it to the other cars similar in make, mileage, condition and equipment. You can visit some car selling sites or inquire from your local car dealership.
Posted: Fri Feb 05, 2010 12:08 pm Post Subject:
How does an Insurance company go about determining the value of our car if its stolen
Just the same way they would for a totaled car. They would compare the the model you used to the current market rate. The model they compare with must be in the same condition as your stolen car and also have the same mileage. I think most companies now would use the NADA evaluation.
Posted: Thu Feb 04, 2010 02:29 pm Post Subject:
Conduct a search of comparable vehicles in your area, compare prices, dealer quotes, etc. NADA research of your vehicle, make, model, mileage etc.
Posted: Fri Feb 05, 2010 06:59 am Post Subject: ACV of a car
The ACV of your car is determined by comparing it to the other cars similar in make, mileage, condition and equipment. You can visit some car selling sites or inquire from your local car dealership.
Posted: Fri Feb 05, 2010 12:08 pm Post Subject:
How does an Insurance company go about determining the value of our car if its stolen
Just the same way they would for a totaled car. They would compare the the model you used to the current market rate. The model they compare with must be in the same condition as your stolen car and also have the same mileage. I think most companies now would use the NADA evaluation.
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