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Vehicle Valuation - Need advice/Information (archive)

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Posted by Alex on June 26, 2001 at 16:28:50:

My Insurance company decided to toal my car after flood damage. I haven't gotten an offer from them yet but they gave my girlfriend what I consider to be an extremely low offer for her car today. I just wanted to know if there are guidelines that Insurnace companies are supposed to use in situations like these. Is there a set of rules and/or guidlines regarding how the compensation amount is determined or can they pretty much offer you whatever they want?

Any information on this would greatly be appreciated. Thanks in advance.

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