Thread: Auto insurance
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Old 07-09-2020, 11:44 AM   #51
undercoverbrother
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Join Date: Mar 2012
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Quote:
Originally Posted by GoinAllTheWay View Post
I have a hard time believing that is exactly what they said.

Insurers do sometimes undervalue vehicle in exactly the same manner owners tend to overvalue them.

If you're not happy with the amount they are offering, go to Autotrader, Kijiji, etc...to provide examples of similar vehicle going for more than what his insurer is offering. They'll likely meet you somewhere in the middle.
Good advice, you need to do your own research.

That being said, many people do not ask for a copy of the total loss report from the insurer. That is something they should give to you if you ask.

It allows you to see the research that was done to come up with a value on the vehicle.
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