Getting your car replaced by an insurance company can be quite a harrowing experience, it all depends on the company that is handling the case, the best car insurance companies usually offer friendly conditions when it comes to replacing a totaled car, this is usually in a bid to maintain a good image that will promote better patronage. There are steps that will be taken to get your car replaced by an insurance company, it all depends on the amount of information the client has at their disposal to rebuff any offers from the insurance companies that will attempt to low ball the value of the totaled car.
What accident situation can be labeled as totaled?
A good understanding of what a totaled car is important to plan out the next steps to get a replacement. A totaled car is a car that has been involved in a crash and the costs to repair the car amounts to about 75% of the current retail values of the car. Many policies under an accident insurance define the conditions for labeling a car as being totaled in the terms and conditions so a good study of these documents is necessary to gather important information.
Determine the current retail value
A detailed research to confirm the current retail value the car will need to be conducted by the owner, having this information will give the owner an edge to know when the insurance company is attempting to offer a lower price for the replacement of the car.
The insurance company stands to make some money when they hand over the totaled car to an auto salvage dealer who will remove the valid parts from the wreck and the total value for all salvaged parts will be paid to the insurance company. Going through the insurance websites to stay current on the latest insurance news,
it will be discovered that many clients settle for less than their cars are worth when a replacement value is offered to them.
Keep accurate records
Keeping accurate records which will include all the costs of repairs and maintenance during the cars use will present a comprehensive proof that the value of the car might have appreciated and should be priced at a higher value by the insurance company. The auto owners insurance should be made flexible enough to accommodate a replacement that will be satisfactory to the client.
A situation that arises where the insurance company offers an outrageous price to suffice for a car replacement, the client can ask the client to locate a car dealer that will sell that particular car model at the price the insurance company is offering. This is a good way to put the insurance company on the hot seat.
There are no boundaries to the limit of negotiation with insurance companies, the negotiation should be done politely but with a firmness that will communicate a serious resolve to get the desired response from the company. Taking into consideration the auto insurance cost and all the accrued benefits from the insurance policy, every insurance company should be able to adequately meet the customers reasonable requests for a car replacement.
Getting A Car Replacement From An Insurance Company