does the other driver insurance company have to give me blue book value for my vehicle.
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UPDATED: Oct 15, 2011
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Insurance Question from Goodlettsville, TN
Asked on 10/15/2011
does the other driver insurance company have to give me blue book value for my vehicle. NULL
Answer given on October 15, 2011
If you have an auto accident and the other driver is at fault, then his insurance company is expected to pay for the repairs to the car. If the cost of repairs exceeds the value of the car, then the insurance company is to make a fair offer for the value of the car. While blue book is a guide to the value of a car it is not the only determination of the value. If the car is in exceptionally good shape, or bad shape, that can affect the settlement offer from the insurance company. The company can also use other reference guides to determine the car’s value.If you are not satisfied with the settlement offer, it is your responsibility to provide evidence that your car is worth more. This can be done through classified ads, or internet listings of similar cars for sale. You then present this evidence to the adjuster and ask for a revised settlement.
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