I've never done this before, my wife's car was totaled in flooding from Helene.
Insurance just offered $21K in payout for it. The KBB value for trade-in value is $26K to $29K for the condition of the car. They of course had "their" appraiser do the appraisal and to no shock, they are claiming it's worth the $21K. I looked at the report and they're comp'ing a car with 30K miles against cars with 70-90K miles.
So they're about 20% lower in compensation offered vs. what this car would get on the market today.
Is this normal? Should I take it? I could hire a lawyer I guess but it'd take forever and I'd have to pay the lawyer, and I'm not sure how much more we'd actually claw back in compensation.
thanks.
Insurance just offered $21K in payout for it. The KBB value for trade-in value is $26K to $29K for the condition of the car. They of course had "their" appraiser do the appraisal and to no shock, they are claiming it's worth the $21K. I looked at the report and they're comp'ing a car with 30K miles against cars with 70-90K miles.
So they're about 20% lower in compensation offered vs. what this car would get on the market today.
Is this normal? Should I take it? I could hire a lawyer I guess but it'd take forever and I'd have to pay the lawyer, and I'm not sure how much more we'd actually claw back in compensation.
thanks.
