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What is “actual cash value” to car insurance companies?

Posted on 11/26/19 at 11:07 pm
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:07 pm
The wife may have killed her rig, in addition to a 200 lb 8 pt.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53816 posts
Posted on 11/26/19 at 11:09 pm to
Did you throw it in the trunk and take it home and clean it at least?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151559 posts
Posted on 11/26/19 at 11:10 pm to
quote:

The wife may have killed her rig, in addition to a 200 lb 8 pt.

wait, noooo, not the de-badged Beamer?!!
This post was edited on 11/26/19 at 11:11 pm
Posted by LSUgolf04
Member since Aug 2009
349 posts
Posted on 11/26/19 at 11:11 pm to
Basically, trade-in value prior to the damage.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:11 pm to
She would have probably been killed in that, no I drive it now.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:14 pm to
Is it illegal to keep a deer you smashed with your SUV?
This post was edited on 11/26/19 at 11:17 pm
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:15 pm to
quote:

trade-in


I figured as much. Not a technical term per say, but if you need cash for something ‘right now’...you’re not getting top dollar.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53816 posts
Posted on 11/26/19 at 11:16 pm to
quote:

Not me cleaning it.

Might as well eat it at that point.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
31170 posts
Posted on 11/26/19 at 11:16 pm to
quote:

actual cash value


ACV means simply open market value.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:17 pm to
Third party value? Trade in?
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:18 pm to
Rear hind was fricked. Old deer.
This post was edited on 11/26/19 at 11:29 pm
Posted by Apache
San Diego
Member since Dec 2013
2823 posts
Posted on 11/26/19 at 11:24 pm to
The opposite of “replacement cost value”
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 11/26/19 at 11:25 pm to
quote:

Is it illegal to keep a deer you smashed with your SUV?


Yes
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:27 pm to
Either the cops, the firemen, or the tow truck driver has it then.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
31170 posts
Posted on 11/26/19 at 11:30 pm to
They will probably start at trade-in you want to get near retail. People often don't understand it is a negotiation just like buying a car. Do your KBB/Edmunds/NADA research and be ready to counter offer and support your claim.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 11/26/19 at 11:39 pm to
We got ours full custom from the factory, so it’s difficult. Should I take the factory/port hitch off when I see it off tomorrow? Doubt they’ll throw that kind of stuff in the value. I’ll swap out the floor mats and cargo lining...we’ll replace the vehicle in kind and we’d just have to buy the same stuff again. Roof bars weren’t on it.

The numbers varied a good bit, but yea I’ll document my findings. A one owner autotrader car is much different to me than the one we have, not sure how it all plays out.

Honestly, hard to imagine they couldn’t fix it for what it’s worth.

:Pours some out:

This post was edited on 11/26/19 at 11:56 pm
Posted by Tiger Prawn
Member since Dec 2016
26334 posts
Posted on 11/26/19 at 11:48 pm to
quote:

Basically, trade-in value prior to the damage.
Private party retail, not trade-in
Posted by btr08ex
Baton Rouge
Member since Oct 2014
464 posts
Posted on 11/27/19 at 12:01 am to
Its basically what you could buy the same car, same year, mileage,etc. right now. So start searching and find what had in your area for sale. My friend got low balled by his insurance on his totaled vehicle. When he showed up with his research, the offer amount went up
Posted by Jim Rockford
Member since May 2011
106066 posts
Posted on 11/27/19 at 12:02 am to
350
Posted by biohzrd
Central City
Member since Jan 2010
5923 posts
Posted on 11/27/19 at 12:33 am to
It the actual fricking over you're about to get from your insurance company.
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