How much money can I expect to get from my fire related insurance claim?
May 28th, 2010
My car, a 2001 Pontiac Grand Prix with 100,000 miles, experienced an engine fire about two weeks ago. Luckily, I have comprehensive insurance, with Nationwide Insurance Company. I’ve been told I’ll be recieving the Kelley Blue Book value of my car, but on KBB there are several different categories (trade-in, retail, etc.) Which amount can I expect to get from Nationwide? I need to get a new car pronto and need a price range of how much I can spend.
Tags: 
Private sale amount.
You can reject their offer if it is too low.
The ins. company should pay you what it would cost you to replace the car in your area. Look on craigslist and autotrader.com to get a reasonable price. If you just registered the vehicle, they need to pay the amount not used too.
Getting new automobile insurance is one of the simplest ways to save your money. You can get a fast estimate online they often give you multiple quotes.
I know people who have used and recommend http://www.InsureAutoNow.info
You can compare how the insurance quotes would change, for example here – autoinsurance.bebto.com
Most insurance companies use a very precise way of evaluating the actual cash value of a vehicle. In fact, most contract this out to company that specializes in these evaluations. When I receive an evaluation it is so comprehensive that it is 20 pages long and list dealers that are selling your vehicle, and then modify the selling price with variables such as mileage, condition, etc.
Rarely have I seen someone reject my offer on a total loss as the claimant is usually expecting less with their “blue book” research. You should expect the actual cash value, less your deductible. Sure you can reject any offer, but that means no payment comes your way. Also, once the offer is accepted, there is paperwork such as loan payoffs, etc, that must be completed. If you have a lien on your vehicle, the lien will be paid before any money comes directly to you.