How are the standard auto value of my car and the cost of repair determined

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How are the value of my car and the cost of repair determined?	WHAT IS AUTO INSURANCE HOW DO I CHOOSE AN INSURANCE COMPANY CAN I DRIVE LEGALLY WITHOUT INSURANCE WHAT DETERMINES THE PRICE OF MY POLICY WILL MY INSURANCE COVER A RENTAL CAR AFTER AN ACCIDENT WHAT TO DO IF I HAVE CAR ACCIDENT HOW DO I FILE AN INSURANCE CLAIM MOTORCYCLE INSURANCE RV INSURANCE WATER CRAFT AND BOAT INSURANCE WHAT IS COVERED BY A BASIC CAR INSURANCE POLICY WHAT IF I LEASE A CAR DO I NEED INSURANCE TO RENT A CAR? IS THERE A DIFFERENCE BETWEEN CANCELLATION AND NONRENEWAL? WHERE CAN I BUY INSURANCE? HOW CAN I SAVE MONEY? HOW MUCH COVERAGE DO I NEED? WHAT DOES MY CREDIT RATING HAVE TO DO WITH PURCHASING INSURANCE? WHAT CAN I DO IF I CAN'T FIND COVERAGE? HOW DO I INSURE MY TEENAGE DRIVER? SHOULD I PURCHASE AN UMBRELLA LIABILITY POLICY? WHAT SHOULD I DO IF I AM HAVING TROUBLE SETTLING MY CLAIM? IF I FILE A CLAIM, WILL MY PREMIUM GO UP? HOW ARE THE VALUE OF MY CAR AND THE COST OF REPAIR DETERMINED? WHAT ARE MY RIGHTS WHEN FILING A CLAIM? CAN MY INSURANCE COMPANY REQUIRE ME TO USE CERTAIN TYPES OF AUTO REPAIR PARTS? SHOPPING FOR A SAFE CAR TEENAGERS AND SAFE CARS AIR BAG SAFETY AT THE SCENE OF AN ACCIDENT CAR BREAKDOWN SAFETY CHILD SAFETY SEATS CELL PHONES AND DRIVING PREVENTING CARJACKING - THEFT DRIVING IN BAD WEATHER, ROAD RAGE AND ELDERLY DRIVERS AVOIDING DEER - CAR COLLISIONS
There are several standard guidelines for determining the value of your car for insurance purposes. You and your insurer can refer to one of the books that list the depreciated value of all new and used cars. One of these books is published by the National Association of Automobile Dealers another is published by Kelley Blue Book. When you file your claim, your insurance company will refer you to a claims adjuster. The adjuster will verify the loss and determine what it will cost to repair the car. The adjuster’s estimate can serve as a benchmark to which to compare your own mechanic’s estimate. No good adjuster or insurance company will expect you to sign an agreement accepting the insurer’s estimate as the total claim payment until you’ve established, to your own satisfaction, that it will cover the cost of repair. The insurer will expect you to get your own estimate from your mechanic, garage or car dealer. Don’t allow yourself to feel pressured into accepting the insurer’s estimate of repair costs without getting at least one estimate of your own. Your insurance company can’t require you to have repairs done at a particular shop. But they can insist that you get more than one estimate for the work to be done on your car. Just as you want to make sure that your car is adequately repaired, the insurer wants to make sure it doesn’t pay a grossly inflated repair bill. Don’t be surprised if your insurance company opts to pay for the lowest bid. You don’t have to accept that bid if you believe the low bid won’t adequately repair your car. Don’t hesitate to argue with the adjuster if you really believe his repair estimate is too low based on what your mechanic has told you. One factor that could reduce the amount of your claim for a repair job is what insurance companies call betterment. If your old car is repaired with brand-new parts, your insurer may argue that the repairs have actually enhanced the car’s value and therefore they can legitimately reduce your claim by the difference between a used part and a new one. It is up to your insurer to decide whether to pay for repairing your car or to declare it a total loss and pay you its book value. Most standard auto policies will not pay to repair a vehicle if the repairs cost more than the cash value assigned to the car. There won’t be any dispute about whether to repair the car if it was completely totaled. But you may argue about what the pieces of the car were worth when they were assembled as a car. For you to get a settlement higher than the book value of your car’s make and model, you will have to submit evidence such as mileage records, service history and affidavits from mechanics to show that your car was worth more. You’re entitled to the market price of the car you just lost. You shouldn’t get more or less than what you are due. Article by: Insurance Information Institute Tags: value of my car trade in value of my car what is the value of my car the value of my car book value of my car find the value of my car value of my used car find value of my car whats the value of my car find out the value of my car market value of my car bluebook value of my car what's the value of my car what is the value of my used car what is the trade in value of my car how to find the value of my car check the value of my car the value of my used car get the value of my car how do i find the value of my car cash value of my car resale value of my car find the value of my used car fair market value of my car wholesale value of my car retail value of my car loan value of my car get value of my car value of my classic car how can i find the value of my car actual cash value of my car where can i find the value of my car check value of my car black book value of my car what is the book value of my car find value of my used car finding the value of my car find out value of my car how do i find out the value of my car trade value of my car value of my old car find the trade in value of my car determine the value of my car value of car value of my automobile worth of my car value of my home value of my house price of my car value of your car bluebook value cost of my car value of my cards value of my property insurance car car used value of my baseball cards car sale old car my how auto body repair toilet repair home improvement cost plumbing repair car repair cost per square foot car repair transmission repair tire repair auto parts do it yourself repair auto cars auto car repair service center car cost service repair bmw auto how to repair auto truck replacement cost

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