Quote:
Originally Posted by calgarygeologist
It has been about 8 years since I went through a write off but if you want to be compensated properly you need to ask for a vehicle market report (I don't remember the proper name) which shows the comparable vehicle listings that the insurance company is using to base the value on. Most of the time those comparables are pushing your value down. I had received the report and submitted a list of other comparables for sale which pushed my value up about $2500.
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This works if your car is newer and there's options for purchase. I don't think this works for older cars.
I had to do this but I was lucky in that mine wasn't available for purchase at all. It was a cosmetic thing that would have exceeded the value of the car to repair.
I was expecting a $5-6K valuation (prices had just exploded due to Covid), but lower models and older models with more mileage were going for $6-7, so the guy asked if I'd accept $9K as a valuation due to higher trim level and lower KM. It was more than expected, so I agreed, got half that value less deductible as a payout, sold the car for $5K to a friend who needed a reliable beater and bought a different car.