When to dispute the insurance companies value of your car?
Disputing the insurance companies value The most common complaint with any Motor Claim, is when you are not happy with the value the insurer has placed on your vehicle. So what we are going to do is talk you through the process that insurance companies go through to value your vehicle, and also your consumer rights.
How do insurance companies determine the value of a car?
If you have been in an auto accident, your insurance company will compare the cost of repairs to the value of your vehicle. If the cost of repair is close to or more than the value, your insurer will declare your vehicle a total loss (or "totaled") and compensate you for the value of your vehicle rather than the cost of repairs.
What should I do if my insurance company's valuations are incorrect?
Your insurance adjuster should have prepared the initial report by calculating the average values and cost of repairs for similar vehicles in your area. Submit a detailed collection of evidence showing that the adjuster's valuations were inaccurate. The adjuster will review your supporting documentation.