Our pickup was appraised at 15,000.00, the legal appraisal provided to ins comapny when pu was covered. They offered 2000.00 on a totaled. No accepta

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 4, 2012

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Insurance Question from Moore, OK

Asked on 06/04/2012

Our pickup was appraised at 15,000.00, the legal appraisal provided to ins comapny when pu was covered. They offered 2000.00 on a totaled. No accepta NULL

Answer given on June 16, 2012

If your truck was appraised at a certain value and the insurance company accepted the appraisal as the actual cash value of the car, then they should consider that appraised value when the vehicle was totaled in an accident.There are some areas that could complicate this. If the appraisl was done long before the accident, then the value of the truck would be reduced by age and mileage. You don’t indicate the date of the appraisal versus the accident date.Some insurance companies will provide a policy for a stated amount, but they sometimes include a clause that says – stated amount OR actual cash value at the time of the accident. Check your policy to see if that clause is there. If so, then you may have to prove the vehicle’s value was higher than the offer being made by your insurance company. If you have an agent, ask them for assistance in detrmining how the policy is set up.

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