Negotiating a higher total loss payout can be a tricky process. Insurance companies may try to show that you were more at fault than you claim in order to reduce your payment. To counter them, it's important to start negotiations with as much information as possible. Police reports, photos, and witness testimony can be solid evidence to help prove your innocence in an accident. While every insurer is different, most will contact local dealers and outside companies to see how much a car similar to yours sells in their area.
It's not known if they examine all vehicles or on a small scale, so it's best to do your own research. In addition to using the Internet as a resource for collecting sales data, contact local dealers that sell a make and model similar to those of your vehicle. When negotiating with the insurance company, it's important to be prepared. Have all the necessary documents ready and make sure you understand the terms of the agreement. Be aware of any deadlines or time limits that may be imposed by the insurance company.
Additionally, make sure you understand the difference between a total loss and a partial loss. When negotiating with the insurance company, it's important to remain calm and professional. Don't let emotions get in the way of negotiations. Be prepared to explain why you believe you deserve more money than what is being offered. Be sure to provide evidence that supports your claim.
Additionally, don't be afraid to ask for more money if you feel that what is being offered is not enough. Finally, it's important to remember that negotiations are a two-way street. The insurance company may be willing to negotiate if they feel that they are getting something in return. Be prepared to compromise if necessary in order to reach an agreement that is beneficial for both parties.
