Hello! New to posting on Reddit, so please forgive any mistakes!
So I was in a car crash last Thursday. I was in a roundabout and the other car didn't see me. They hit the passenger side back end and I spun onto the curb. There were no injuries and airbags did not deploy. My car was a 2016 Chevy Sonic LT that was given to me by my late grandfather when he could no longer drive. The damage insurance guy told me it was a total loss because damages were 75% more than the market value of the car. I'll be receiving 5,982.20, then probably my $1000 deductible back once liability is confirm. To me this great and I'm happy with is outcome. It's more than I thought it was worth. My mom says I need to ask for more, $10,000. She said I can just ask the other party's insurance once they call. Is this true? Any tips? My mom has never had a total loss of a car before so I don't know how solid her advice is. Anything is appreciated. Thank you!
Totaled Car with No Injuries
byu/whocares1010102 inInsurance
Posted by whocares1010102
6 Comments
it’s not a negotiation. you are not their customer. you are not getting $10k for that car lmao.
You cannot take a check from your insurance and go get another from the other insurance. What you got seems quite fair for that vehicle
It’s not a negotiation and you can’t collect payment from both companies. They pay based on the Actual Cash Value so you wouldn’t be able to ask for $10,000.00 without supports.
See if the person who hit you has an “Appraisal Clause” in their policy. This can get you more money but don’t expect your payout to double or anything crazy.
Huh? Your mother is under the impression that a 10 y/o Chevy Sonic is worth $10K? All she needs to do is to find comp sales that support her opinion. Beyond that, her advice is not “solid” – it’s delusional.
A car that age, 5k is generous, imo. I’d take the money and go find a car you think your grandpa would want you to drive.