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SVTPerformance's Chain of Restaurants
Road Side Pub
Insurance buy back of a totaled car. Anyone have input?
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<blockquote data-quote="Ohio Snake" data-source="post: 16457590" data-attributes="member: 157862"><p>It depends on the insurance carrier and what your policy states. I have State Farm as an example. They use the Actual Cash Valuation ( ACV, Not trade-in ) for starters. Using KBB and NADA will help establish that value as a comparison.</p><p></p><p>Accessories ( rims, supercharger, paint protection, carbon fiber parts) can get tricky. State Farm will need receipts of those items ( according to my policy) to determine a Cash Value.</p><p></p><p></p><p>Know these terms: </p><p>(ACV) means depreciated value.</p><p>(Replacement Cost) means value to replace that item at todays cost today.</p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 16457590, member: 157862"] It depends on the insurance carrier and what your policy states. I have State Farm as an example. They use the Actual Cash Valuation ( ACV, Not trade-in ) for starters. Using KBB and NADA will help establish that value as a comparison. Accessories ( rims, supercharger, paint protection, carbon fiber parts) can get tricky. State Farm will need receipts of those items ( according to my policy) to determine a Cash Value. Know these terms: (ACV) means depreciated value. (Replacement Cost) means value to replace that item at todays cost today. Sent from my iPad using Tapatalk [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Insurance buy back of a totaled car. Anyone have input?
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