Quote:
Originally Posted by MTROIS
You are completely right and the insurance company forms and websites clearly indicate that the kbb or Edmunds values (ie, current market values) should be used. This is also what I had in mind but just was'n't sure at 100% anymore...  |
Not really. The method of settlement of your claim is not always spelled out on a website. Look at the policy and read it. All companies use market value. KBB and Edmunds are guides...they even tell you that in their disclaimer. Look at your local market for a like kind of car with similar options and miles on it. The premise is that the insurance company put you back where you were before the loss took place.