My truck was stolen two weeks ago. I've made a claim and I am waiting to see what happens. My insurance policy states’cash value.’ my insurance adjuster told me that an independent company will place a value on my truck. Am I able to dispute the price they offer me? Can I get my own independent value from dealers, the classifieds, etc.?
Check if your policy defines "cash value." You should take the position that it means the market value, and yes, you can support your claimed value with classified ads or professional private appraisal(s). The private firm the insurer will use makes most of its bread from insurance companies, so be wary. Demand the details of the specific vehicles this company used as "comparable" to your stolen vehicle. Was it equipped as well as yours? More miles on it? Same exact model? Are prices higher near you than the area they drew from. Be alert; negotiate.
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