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To the Insurance Gurus of TOTA

When the insurance company writes off your vehicle, are the towing and rental car charges subtracted from the total that the client receives in the payout?

Message ChemEnhanced and Moral Hazard. They know their stuff, and helped me a lot.

Normally they are not subtracted from the total price the insured would get.

edit: The one thing you should do before taking any settlement is do research on what the value of your vehicle is. You can always use autotrader.ca and look up how much your vehicle is going for. You should also ask for a copy of the appraisal report with how they came up with their figures for the value of the vehicle.

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Originally posted by Invasionmix Message ChemEnhanced and Moral Hazard. They know their stuff, and helped me a lot.

lol. i know this. it's just easier to make a thread. i should have added FAO Moral Hazard and ChemEnhanced.

i rarely read my PMs since my borswer doesn't allow pop-ups and it's a pain in the butt to check PMs.

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Originally posted by StereoPrincess lol. i know this. it's just easier to make a thread. i should have added FAO Moral Hazard and ChemEnhanced. i rarely read my PMs since my borswer doesn't allow pop-ups and it's a pain in the butt to check PMs.

Have they given you a quote for it? are you happy with it?

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Originally posted by ChemEnhanced Normally they are not subtracted from the total price the insured would get. edit: The one thing you should do before taking any settlement is do research on what the value of your vehicle is. You can always use autotrader.ca and look up how much your vehicle is going for. You should also ask for a copy of the appraisal report with how they came up with their figures for the value of the vehicle.

yeah, my other question was how negotiable are the settlements? obviously, if i was the insurance company, i would want to low ball the amount.

what are the biggest changes in amount that you have seen? from first offer to what was actually paid out.

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Originally posted by English Rachel Have they given you a quote for it? are you happy with it?

no, not yet.

the towing company took my car to the wrong shop eventho i called to release the vehicle to the shop it was supposed to go to. and it was there for a couple of days because of the holiday, the towing and storage costs were very high (like 800 dollars).

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Originally posted by StereoPrincess yeah, my other question was how negotiable are the settlements? obviously, if i was the insurance company, i would want to low ball the amount. what are the biggest changes in amount that you have seen? from first offer to what was actually paid out.

Typically, the appraiser will give a range for the value of the vehicle. The insurance company will normally work from the lower number to the higher number. The value of the vehicle is usually calculated by determining what the average vehicle is and making additions and subtractions depending on how your vehicle stands up to the average vehicle. For example, if the average for your vehicle has 100,000 kms on it then if your vehicle has less it will increase the value of the vehicle.

The difference between the low number and the high number will depend greatly on the year, make and model of the vehicle. I've seen differences of over $5,000.00 from low to high.

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Originally posted by StereoPrincess no, not yet. the towing company took my car to the wrong shop eventho i called to release the vehicle to the shop it was supposed to go to. and it was there for a couple of days because of the holiday, the towing and storage costs were very high (like 800 dollars).

A lot of times the salvage company will pay the towing and storage costs and they just subtract that from what ever amount they get from selling the salvage.

^^^good to know! thanks .

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Originally posted by Invasionmix Message ChemEnhanced and Moral Hazard. They know their stuff, and helped me a lot.

or better yet, read your policy! it's all there in writting for you!

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Originally posted by activate or better yet, read your policy! it's all there in writting for you!

you are right...for the most part...but its always good to have some insight as to how an adjuster or the insurance company deals with situations. Besides, who the hell reads their policy.....I've never read mine.

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Originally posted by activate or better yet, read your policy! it's all there in writting for you!

In writting? Not writing? lol

Stop being a grump :P

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Originally posted by StereoPrincess yeah, my other question was how negotiable are the settlements?

Quite a bit, actually, but they'll play hardball with individual clients. When my Corolla was stolen, I got my insurance broker to do the dirty work and came out with a number close to 20% higher than their original insult.

Edit: Although that car was also pretty new, literally a few months off-lease. Might be different for an older car.

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Originally posted by activate or better yet, read your policy! it's all there in writting for you!

i have not ever seen the actual policy in like 10 years. every year they send me a one page document that tells me what coverage i have and what premium i pay for each thing. granted i have probably received the big book descibing the policy but i have been driving for close to 15 years. i have moved 50 million times, i do not have the copy of the original papers. plus i doubt that there is an exact description to what happens when the tow company takes the vehicle all over town to increase the charges.

plus, i know these two guys post on here so it's just easier to ask.

and also now everyone that read this will also know. i don't understand the hatin' on a thread that is both useful to me and informative to others.

i stand by my decision to make the thread. pfffft. :P

If you ever want to read the auto policy it can be found here.

The site is also useful for any other auto insurance information you may need. (i.e. fault determination rules, what to do after an accident, and accident benefits)

I don't think I have anything of use to contribute... Chemy beat me to it.

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Originally posted by Moral Hazard I don't think I have anything of use to contribute... Chemy beat me to it.

YOU....nothing to contribute......mark this day in your calenders folks.

I want the tires off the vehicle if they write it off.

They are brand new (less than 5k km).

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Originally posted by rabbitjoker I want the tires off the vehicle if they write it off. They are brand new (less than 5k km).

you can request the tires and most likely they will just make a deduction in the final settlement amount.

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Originally posted by ChemEnhanced If you ever want to read the auto policy it can be found here.

That document is really fun to read.

I didn't know that they had to specifically say that damage is covered if you vehicle is hit by missiles. I mean you probably have more things to worry about than your car if that's happening.

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Originally posted by StereoPrincess That document is really fun to read. I didn't know that they had to specifically say that damage is covered if you vehicle is hit by missiles. I mean you probably have more things to worry about than your car if that's happening.

Margs... a missile is any projectile while in the air... so when a stone flies off of a dump truck... that's a missile.

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Originally posted by Moral Hazard Margs... a missile is any projectile while in the air... so when a stone flies off of a dump truck... that's a missile.

but falling or flying object is a separate line.

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Originally posted by StereoPrincess but falling or flying object is a separate line.

Indeed... it's redundant in order to cover differences in interpretation... is an object flying if it is not under it's own power?... is a bullet a flying object or a missile, since it's being propelled by an external force?... by including missile it eliminates such questions. Just like how a homeowner's policy will exclude fungus, spores, and mould despite mould being a fungus.

So we just got a claim for a murder clean up. Estimated cost of the clean up is $64,000.00. I've asked the boss to give me the claim...I hope he doesn't take it himself.

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