08-19-2012, 05:52 PM
|
#1 (permalink)
|
|
A True Z Fanatic
Join Date: Jul 2010
Location: window seat
Posts: 28,940
Drives: Mostly on two wheels
Rep Power: 122
|
Quote:
Originally Posted by gsxr750
You are completely incorrect, I've been thru it personally on multiple claims, the insurance company will always pay you retail replacement cost plus the sales tax, and even if rebates have been used.
If your insurance company paided you less than the retail replacement cost plus the sales tax on a totaled vehicle, than your company ripped you off.
The insurance converage for total loss of your car covers, the retail cost , plus taxes.
Just check with your insurance company and ask to talk to a claims adjuster, normal insurance sales ppl will not know this.
|
Which insurance provider?
While sales tax is required in some states (32 to be exact, see below)
http://insure.com/car-insurance/tota...ttlements.html
...there is NO requirement to pay new/replacement cost. I'd love to see where it is written in law/policy if you have it.
Last edited by Red__Zed; 08-19-2012 at 05:59 PM.
|
|
|
Similar Threads
Hybrid Mode
