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Reply to "Insurance Valuation"

quote:
The reason is because of the "totalled out" issue at over 40%.

Not my experience.

My 'accident' in 2511 resulted in an estimate of about $31K with a $42K policy.

My State Farm claims adjuster shared their usual totaled % mark was 70%. They wound up paying, without a whimper, about 78%.

But as Doug pointed out, there is a point where the car is totaled, and a higher insured value will help you stay away from that issue.

Larry

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