You are here:
Auto Insurance Claims/stolen car
Advertisement
Question
How long does it take for an insurance company to settle and pay for my stolen car? How to they set a value for my car and are they also required to pay the sales tax?
Thank you!
Hi Richard,
How long does it take for you to do the necessary research to fight for a fair value? You should contact three online sales sites (autotrader.com, edmunds.com, etc.), plus research the newspapers and some local dealers. What kind of time would that take? Maybe no longer than five days, maximum.
That is what I would hold them to. Be sure to gather your own evidence. If they do not respond in a timely fashion, call your state insurance commissioner http://www.settlementcentral.com/links.php
You do not get the full sales tax, no way. The value of the car is what the market would pay, exclusive of sales tax. INSTEAD, INSIST upon the prorated licensing fee--that is, the amount of time you have left on your license (in months), divided by 12 months, multiplied by the full yearly fee.
Be sure to check for other add-ons and new replacements that would have added value to the car, such as tires or rims. http://www.settlementcentral.com/page0007.htm
Best Wishes,
Dr. Settlement, J.D. (Juris Doctor)
www.settlementcentral.com
Related Articles
Answers by Expert:
Doctor Settlement
Expertise
27 years of front line plaintiff`s trial lawyer experience in PERSONAL INJURY INSURANCE CLAIMS. Along with other attorneys and insurance adjusters, we have created a website to help injured people settle their own personal injury claims. With the help from feedback from hundreds of satisfied members, www.settlementcentral.com has become THE AUTHORITY for Internet personal injury insurance claim settlements. I am humbled and honored if people can benefit from my experience and current volunteer work in helping injured people. I hope I can explain things in a manner that is useful for the questioner. If not, do not hesitate to e-mail me and I will take a second shot at it! Best Wishes for your physical and financial recovery.
Experience
Life Experience: 27 years of front line plaintiff's trial lawyer experience
Organizations:
American Trial Lawyers Association
Washington State Trial Lawyers Association
Publications: (Click on Title to Read)
Statute of Limitations
Vehicle Accident
Accident--Adjuster
Demand Letters
Policy Limits
Education/Credentials: J.D. (Juris Doctor) 1977
Awards and Honors:
I am humbled and honored everytime I am selected to help injured people. And when people give feedback that they have benefited from my experience and current volunteer efforts, then that is a double honor and award for me.
©2012 About.com, a part of The New York Times Company. All rights reserved.