Geico auto insurance question. Wife totalled car. Can we get tires?
My wife totalled her car. Really just the front end but Geico declared it totalled. She is totally fine and so is the person whos car she hit. We paid $700 for our tires 1 year ago. We have waranty ,etc,.. on them. The 2 front ones might be a loss but the backs are good. The ins. adjuster said we could not have them. If its a loss they say we cannot take anything off the vehicle. I also dont like the price they gave us. We have full coverage luckily.
Am I entitled to these tires? I dont think they are taken into account in the value of the vehicle. And they should be. If someone has a killer stereo system, rims, etc,.. they just lose all that when an accident happens? Please someone advise me on what to do. Also do I have to accept the amount they are giving me for the vehicle. I know its worth at least $2000 more than they are saying. Thanks in advance for any advice!
Most insurance companies will not let you remove tires from the vehicle. I've done it before and got burned. I let a guy take brand new tires off the vehicle on the condition that he put reasonable tires back on it ? after the fact (and after he'd been paid- salvage was in another state) I find out he put 4 little used donut tires on the vehicle. Had I known he was going to remove good tires from the vehicle ? it would have reduced the amount we paid him b/c we valued the vehicle based on good tires. Because of bad apples burning the insurance companies when we try to be nice ? most companies have put a policy in place not to let you remove things.
So, if you removed the tires ? you'd just have to replace them with similar quality. If you put worn out (or donut) tires on the vehicle then they would reduce the amount they are paying you. The tires were considered in the value of the vehicle ? in that they did not reduce it's value. If you were going to sell the car to a private individual (before you wrecked it) you would not take the good tires off and replace them with worn out ones. So why would you do that to the insurance company? No where does it say the insurance company has to be a great big chump.
When an insurance company total losses your car ? they are buying the vehicle from you. They are a consumer like anyone else. They are going to offer a fair value for the vehicle ? what they believe a reasonable consumer would have paid you for the vehicle had it not been wrecked ? given it's mileage, condition (inc tire), options.
Since we don't know anything about your car or why you "know its worth at least $2000 more" ? we can't help you there.
P.S. ? insurance companies do NOT use Kelly Blue Book. So checking the value there is just a waste of time. The industry standard is the National Automobile Dealers Association (NADA). They have a web site ? www.nadaguides.com you can check. WARNING: sometimes the nada web site pulls up a High Retail ? if it does it on your car ? ignore this value. The insurance company (and banks) do not use the nada web site ? we get books mailed to us and and that value is not listed in them. The top value in the books is usually the "clean retail". Also ? most vehicles are not in clean retail condition. Have a realistic look at your car.
hai to get your doubts cleared and to more relavent car insurance information visit the web site?
http://autoinsuranceinfo.50webs.com .
Every state has it's own set of rules concerning salvage and total losses. Usually an insurer will be OK with you swapping the tires and wheels with another set so long as the car is movable, but don't expect to be paid for them. If the tires and wheels add to the value of the salvage that value will have to be deducted from the final settlement amount. As for the value of the car ? how do you KNOW it's worth 2K more than they are offering? Total loss threshold is based on the ACV (actual cash value) so check your local market for vehicles for sale as much like yours as possible for condition, mileage and options. If you locate, say, ten and they are ALL priced well above what you have been offered then present your data to the claims adjuster. Just don't get combative or cocky ? that will get you NOTHING.
You can always buy the car back from them and try to fix it and sell it as a salvage car. This option is only good for people who own body shops, cause the labor could cost you more than it's worth. As far as tires go, its part of maintaining the car, you won't get any money back for them.
As far as the price they gave you, check http://www.kbb.com/kbb/default.aspx?trid
snl usc football lost in space yahoo sports halloween costumes steven jackson steven jackson
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.