Quote:
Originally Posted by porsche tech
Daughters now have USAA. One had a claim for her 16 year old daughter’s Lexus totaled when another student ran into it in the school parking lot. They wanted to give her less than the blue book value. She had to go round and round with them as I recall.
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Unfortunately, blue book doesn't represent true market value- it's not even close a lot of the time. They're supposed to pay you market value- not what is being asked for cars, but what they're selling for. I don't think they work too hard at determining that, but they do to some extent. They're also supposed to make you whole by giving you sales tax and pro-rated registration, minus your deductible (which you can later recover if the other party was at fault). If they don't give you this, you can discuss with them and often get a bump. If they're still off, you can request arbitration. That usually gets their attention and the settlement goes up. This is true for CA, and should be nationwide, but I don't know that for sure.