stephaniemfoster
New member
I’ve never had to deal with a total loss adjuster and so I would appreciate any assistance in negotiating the settlement price. I own a 2010 Dodge Caravan with roughly 150,046 miles. I got a copy of the NADA value from a bank which listed the retail value of the car at $4,075, trade in at $2,175, and loan at $1,975.
The insurance company is offering $2,225 as settlement. I asked for the valuation to see how they came up with that number and received a copy but I’m not sure how to read the report or what the numbers mean. Their report is generated by J.D Powers and shows the Trade-In Clean value at $2,400, the Trade-In Clean Loan at $2,175 and Trade-In Clean Retail at $4,275.
With this information, what would be a fair number to settle on for Kansas.
The insurance company is offering $2,225 as settlement. I asked for the valuation to see how they came up with that number and received a copy but I’m not sure how to read the report or what the numbers mean. Their report is generated by J.D Powers and shows the Trade-In Clean value at $2,400, the Trade-In Clean Loan at $2,175 and Trade-In Clean Retail at $4,275.
With this information, what would be a fair number to settle on for Kansas.