Insurance question
Thread Starter
|
Senior Member
Joined: Feb 1999
Posts: 1,209
Likes: 0
From: Baton Rouge, La
Insurance question
A girl I know got her car totaled by someone running a red light.
Now, her insurance company totaled it. And we're trying to figure out what she can expect from her insurance co as far as pay off is concered.
Its a 1999 Nissan Maxima with 70,000 that was in really good shape GXE with leather and power everything.
KBB puts retail @ 9000 and change, Private party for good condition is 7470.00
Anyone have any ideas?
Now, her insurance company totaled it. And we're trying to figure out what she can expect from her insurance co as far as pay off is concered.
Its a 1999 Nissan Maxima with 70,000 that was in really good shape GXE with leather and power everything.
KBB puts retail @ 9000 and change, Private party for good condition is 7470.00
Anyone have any ideas?
Senior Member
Joined: Mar 2002
Posts: 4,867
Likes: 0
From: NH
Insurance companies use some method to determine what vehicles sale for within your area. KBB and NADA may be a good start, best yet would be to call the insurance company and find out how they go about determining the value.
It’s really important to know that so you don’t happen to get low-balled by the insurance company. Another good source would be one of your local banks. Since banks make car loans they will know what its worth, what it could have sold for in the condition it was in, miles, years etc.
It’s really important to know that so you don’t happen to get low-balled by the insurance company. Another good source would be one of your local banks. Since banks make car loans they will know what its worth, what it could have sold for in the condition it was in, miles, years etc.