by 2012jime » Fri Feb 24, 2012 06:12 am
My car was totaled. In WI does the Insurance company give you trade in value or average retail ??? I have a 2010 Kia Forte LX. Millers First Insurance is only giving me trade in value of car. Is this right ???[/url]
Posted: Fri Feb 24, 2012 10:22 am Post Subject:
If it's your insurance, what they give is spelled out in your policy (probably Actual Cash Value). If it's the other person's policy then you get Fair Market Value (which is really ACV). That is neither trade in value or retail value.
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