How Much The Insurance Company Pays For The 'Total Loss' (Sale) Of Your Vehicle.
The amount of money that the insurance company will pay for your
vehicle will be based on the appraiser's "appraisal" of your vehicle
and based on a computer "market survey" of what identical vehicles (of
that same make, model, year, options, mileage, and condition) sell for
in your area. So, ask the "appraiser" for a copy of the "appraisal"
(which lists your vehicle's particular characteristics) and ask the "appraiser" for a computer "market survey" (which shows what other identical vehicles
are actually selling for in your area). If the "appraisal" is correct
(the make, model, year, options, mileage, prior damage of your vehicle, etc.), then the "market survey" (10 local sales of other identical vehicles
and the particulars) will also probably be correct (because it is
generated by computer from actual sales data from the State of Florida
Department of Motor Vehicles and from vehicle dealers, etc., which data
is difficult for an insurance company to manipulate). The exact amount
the insurance company will pay you for the "total loss" (sale) of your
vehicle will be slightly different depending on which insurance company
you use (please read paragraph 32).
For more information about Vehicles Involved In An Accident in Orlando contact Hanson &
Hanson, P.A. today at 1-800-426-7662 to schedule your free initial
consultation. More information about Orlando Auto Accidents can be
found in the practice areas section of our website.
