Law Book Company
Law Book Company
I disagree with the amount of money the insurance company wants to give my sister in law on her stolen car?
The insurance company wants to give her , lets say $950.oo on her car. The blue book price is $2400.00. The car eas in good condition. They told her they do not use the Blue Book or NADA, but go by CCC(?). Is this correct and what is CCC. Her deductible was $500. They also told her if she would have called within 30 days they would have paid the taxes on on her purchase of another vehicle.
CCC is a system that places values on totaled out cars based on actual dealer sales of the same car. If the company has not provided your sis-in-law with a copy tell her to ask for one. Once she has had a chance to review it (it is normally 10 to 15 pages long) she will have a better idea of the true value of the car.
The big difference between CCC and NADA or Blue Book is that the last two are guesses, while CCC is based on actual car sales reported by dealers.
The use of CCC has been approved by all the insurance commissioners for use in settling total losses.
Good Luck
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