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Insurance Law/full coverage car insurence

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Question
If you have full coverage car insurance and a tree falls and total your car does the insurance company owe you the blue book value in the stat of PA?

Answer
Hi Hailey-
If by full coverage, you mean that you are carrying collision and other than collision coverage, then there would be coverage, subject of course to your deductible.

As to valuation, what the company will usually do is take the average of three sources.  That may be actual cash value (market value) in your area, NADA value and blue book value. It will depend on the condition and mileage of the vehicle prior to the loss.

Hope this helps.


Denise  

Insurance Law

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Denise

Expertise

I am a licensed Property/Casualty agent in the state of Wisconsin, a Certified Insurance Counselor and a Certified Insurance Service Representive, with a 15+ year background in personal insurance underwriting. I am currently working in the Homeowners and Auto field, and was licensed in Life and Health insurance years ago. I can provide input if you will give me a "one paragraph what`s the story", however depending on the situation, do note that as policy forms and endorsements vary by the state, the information may be general and educational in nature.

Experience

20+ Years

Organizations
CIC, CISR, API

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