How to Get the Most Money for Your Totaled Vehicle

Bad Situation: Your car is totaled and the insurance adjuster will NOT offer a FAIR price for your destroyed vehicle. What do you do? File a lawsuit? Not so fast... Thank goodness that the North Carolina law comes to your rescue in a BIG way!!! Here's How: If you and the adjuster are initially unable to reach an agreement as to Fair Market Value (FMV) then the adjuster is required to base any further settlement offer not only on published regional average values of similar vehicles but also on the value of the vehicle in the local market. Local FMV must be determined by using either the local market price of a comparable vehicle or, if no comparable vehicle can be found, quotations from at least two qualified dealers within the local market area. If your vehicle was in better than average condition prior to the collision the adjuster is required to give due consideration to this fact in arriving at value. 11 NCAC 4.0418(1). You should require from the adjuster that a written statement accompany the total loss payment which statement should include estimates, evaluations and deductions used in calculating the payment as well as stating the source of these values. 11 NCAC 4.0418(4). I have had many clients use this method and it works! Need help with your personal injury case? I am here to assist. Call or text me, Thom Goolsby, anytime at 910-262-7401 or visit my website: http://www.GoolsbyLaw.com.