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An insurance company will only give us 4k for a 6k vehicle, what can we do?

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A Sara Lee company truck pulled out in front of me from a stop sign. He got the ticket. His company's personal insurance is taking care of everything. 2 weeks later, they tell us that they'll give us 4k for our vehicle, which is worth at least 6.5k. We say that we will not accept that amount and they tell us it's non-negotiable. I do not believe that they can do that and I think they are just trying to push us around. But I don't know if there are any laws or anything that would support us.

Asked 11/17/2009 under Insurance Law | 302 View(s) | More Legal Topics

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J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney Answered 2 years ago | Contributor

The insurance company is required to give you the blue book value of the car if it was totaled.  If the car was not totaled, then you have the right to get it fixed at their expense at a garage after an estimate is obtained.  insurance companies do this to just about everyone as they try not to pay what may in fact be fair.  I suggest that you ask a local dealer what your car is reasonably worth based ont he kelly blue book value.  then, if the value is higher than the 4K, show the estimate to the insurance company and let them know that you intend to hire a lawyer and file suit if the payment of the fair value is not make.  i would suggest that you hire a lawyer, however, the lawyer will eat all your money and you may spend 6K to collect 6K.  file the claim yourself.

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