gregor1234
Junior Member
What is the name of your state? Delaware
We are having a run of bad luck. This will be the second vehicle totaled because someone ran into us. Fortunately it's an older car belonging to my son.
The insurance company is offering us $2200 to total it. the body shop says repairs would be about $3800.
I am tired of having cars (even though old) totaled out from under us.
When I look up the value of the car in various car appraisal websites, there are three values offered... the (dealership)retail value, the private-party resale value, and the trade-in value.
On which of these values should the settlement amount from the insurance company be based? What is customary? How much room is there for negotiation?
We are having a run of bad luck. This will be the second vehicle totaled because someone ran into us. Fortunately it's an older car belonging to my son.
The insurance company is offering us $2200 to total it. the body shop says repairs would be about $3800.
I am tired of having cars (even though old) totaled out from under us.
When I look up the value of the car in various car appraisal websites, there are three values offered... the (dealership)retail value, the private-party resale value, and the trade-in value.
On which of these values should the settlement amount from the insurance company be based? What is customary? How much room is there for negotiation?
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