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How does an insurance company arrive at the value of my vehicle if it is a total loss?

April 26, 2017arrive COMPANY Insurance loss total value vehicle

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How does an insurance company arrive at the value of my vehicle if it is a total loss?

1 Answer

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• The insurance company will always pay according to the condition of the vehicle before the accident. • One method to use is the NADA book. • Another method is looking at a tri-state area for what the cars are selling for. • An insurance company is going to pay you the retail price.