Help with car insurance claim!

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Feb 9th, 2018 9:03 am

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Feb 8th, 2018 2:26 pm

bluedrg11 [OP]: Newbie; Oct 5, 2015; 59 posts; 38 upvotes

Feb 8th, 2018 2:26 pm

Help with car insurance claim!

My camry only has 32k km on it and was totalled in a collision (I was at fault), average price on autotrader is about 24k for comparable, I just file a claim and wait for adjustor to provide an offer, what should I prepare now, I know they will give a low ball offer for sure!

8 replies

Feb 8th, 2018 2:29 pm

6mthatch: Deal Addict; Aug 10, 2013; 2748 posts; 1975 upvotes

Feb 8th, 2018 2:29 pm

My buddy is in this right now. Truck was written off.
Market value is 7k. They offered 7100 (market value) but he declined. A few days later it was 9k if he didn't provide receipts. He the. Produced receipts for tires, alt, battery and brakes. The offer than went to 10900....on a vehicle worth maybe 5.

I'm not sure but I wonder if all said in done, can your insurance company drop you after it's settled?

Smash that like button!

Feb 8th, 2018 2:59 pm

None12: Banned; Dec 25, 2017; 686 posts; 485 upvotes; Rockwood

Feb 8th, 2018 2:59 pm

I've only had one car totaled in my life, the insurance company offered me a very reasonable sum and I didn't have to do any work. Point is don't get worked up just yet wait until you get the offer and go from there, if you think it's lower than market provide them with your comparable searches and they'll likely send you another offer.

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Feb 8th, 2018 3:02 pm

greybrick: Sr. Member; Feb 19, 2012; 904 posts; 598 upvotes; Woodbridge

Feb 8th, 2018 3:02 pm

How old was your car and did you have a full replacement policy? I had a 2 year old Golf R that was written off in June when I was rear-ended by a driver who wasn't paying attention in a construction zone. Because the car was less than 2 years old and I opted for replacement insurance I was paid out the full value of my vehicle. In any case, be prepared to dispute their offer. You want an appropriate payout.

Feb 8th, 2018 3:03 pm

Anikiri: Deal Fanatic; May 1, 2012; 9940 posts; 9642 upvotes; Markham

Feb 8th, 2018 3:03 pm

My wife works in insurance. All you have to do is find comparable cars that you feel is an adquate reflection of your car cost. Also, check if you have that thing where insurnace is supposed to pay for a new car if you total your car. Some people who have State Farm may have this coverage.

Also if you invested in the car, say new tires or I dunno... new brakes... etc... have receipts ready to say that you've put money into this.

Feb 8th, 2018 6:40 pm

hdom: Deal Fanatic; Aug 29, 2006; 7729 posts; 1611 upvotes

Feb 8th, 2018 6:40 pm

Honestly, the topic has been covered a few times, the search engine is your friend. Do your own research for comparable and wait for first offer.

The Devil made me buy it - RFD.

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Feb 9th, 2018 8:57 am

COSMIC5: Deal Fanatic; Aug 11, 2008; 8959 posts; 1501 upvotes; Ontario

Feb 9th, 2018 8:57 am

if you have OPCF 43 (waiver of depreciation coverage) on it, it would allow you to remove your insurer's right to deduct depreciation from the value of your vehicle when settling a car insurance claim for damage or loss.

bluedrg11 wrote: ↑ My camry only has 32k km on it and was totalled in a collision (I was at fault), average price on autotrader is about 24k for comparable, I just file a claim and wait for adjustor to provide an offer, what should I prepare now, I know they will give a low ball offer for sure!

RIBO LICENCED INSURANCE BROKER, over 35 years experience

Feb 9th, 2018 8:58 am

COSMIC5: Deal Fanatic; Aug 11, 2008; 8959 posts; 1501 upvotes; Ontario

Feb 9th, 2018 8:58 am

Pretty much all companies offer this coverage not just st farm.

Anikiri wrote: ↑ My wife works in insurance. All you have to do is find comparable cars that you feel is an adquate reflection of your car cost. Also, check if you have that thing where insurnace is supposed to pay for a new car if you total your car. Some people who have State Farm may have this coverage.

Also if you invested in the car, say new tires or I dunno... new brakes... etc... have receipts ready to say that you've put money into this.

RIBO LICENCED INSURANCE BROKER, over 35 years experience

Feb 9th, 2018 9:03 am

eldiablo: Deal Expert; Feb 24, 2007; 15065 posts; 2649 upvotes

Feb 9th, 2018 9:03 am

bluedrg11 wrote: ↑ My camry only has 32k km on it and was totalled in a collision (I was at fault), average price on autotrader is about 24k for comparable, I just file a claim and wait for adjustor to provide an offer, what should I prepare now, I know they will give a low ball offer for sure!

non-fault-car-write-off-know-your-right ... ey-430232/

Read this carefully.

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