Hello, I had my first auto accident and the insurance compan

by Guest » Wed Aug 10, 2011 01:11 am
Guest

I purchased my car one year ago for $14,000 and currently owe $9,000. I see another car in my area that is exactly like mine that is being sold for $9,999. The insurance adjuster is only allowing me $6,500.

Total Comments: 1

Posted: Wed Aug 10, 2011 02:30 am Post Subject:

There is no question in your post. It's just a statement.

What you see is a selling price, not a value (sold price). How did the adjuster arrive at $6500? Is his/her information on your vehicle correct?

Is this a 1st party claim and is that amount after your deductible?

I'm guessing from that purchase price that you may have rolled another loan into this one.

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