Many times during the car accident insurance settlement, you and the insurance company don?t see eye to eye on the amount your auto repair costs are actually worth.
Should you get your own repair quotes, the insurance company will try to push you to accept their own smaller settlements. The bad news is that the insurance company?s prices could be hundreds and even thousands of dollars lower than your actual repair quotes.
If you don?t fully understand how to sort out these disagreements with the insurance company, you will find yourself paying for your auto repair out of your wallet.
To avoid paying for your car damages , here are a couple of basic steps you can follow:
1. Get Thorough Estimates
To start off, you should always get a detailed itemized estimate for your vehicle damages. Capturing the list of replacement parts and their costs unmistakably shows how much money it will cost to repair your vehicle.
With a detailed estimate, you may then ask the insurance company to present their own detailed estimates. Doing this you are assessing accurate estimates, and not just some random value from the insurance company. If you are upset with a lower estimate, you have a right to understand how exactly they determined the low settlement figure.
Make sure your estimates are for the same exact factory vehicle parts. You have a right to get your car in the SAME condition as it was prior to the auto accident. The insurance adjuster?s estimates may be lower mainly because they used less expensive non factory replacement parts. You don?t have to approve this, so get the estimates for the same quality parts.
2. Get High Quality Estimates
You should get your estimates from a shop that will actual work on your car repair. Don?t just go to a random repair shop or gas station and get a rough estimate.
Insurance companies try to sort out your damages as falling in a selected range. For instance, they may expect replacing a broken bumper shouldn?t cost more than a few hundred dollars.
However, this really relies on who does your repairs and the model of your vehicle. So check to make sure you get your estimates from a repair shop that is qualified to repaire your brand of vehicle. This will give you a more reliable cost of labor.
If the insurance company disputes this estimate, ask them to provide another repair center that can ensure the same high quality work. If they don?t offer a satisfactory alternative, you can argue that their estimate is incorrect and you shouldn?t have to consent to poor quality work.
What if My Car is Totaled?
If the cost of your car repair is more than the cost of your vehicle, this is called a ?total loss?. The insurance company will try to give you what it considers the Actual Cash Value (ACV) of your motor vehicle. This might also increase disputes because you may think your car is definitely worth more than you are getting.
The simplest way to see if you?re getting a reasonable deal is to check your vehicle?s Kelly Blue Book value. The blue book lists the present value of the car and you can check how much your car is actually worth.
What if I Can?t Negotiate A Good Settlement?
Applying these tips really will depend on how comfortable you are negotiating cash settlement costs.
Find out how to get money if you were in a car accident or suffered personal injuries
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