Legal Question in Insurance Law in Pennsylvania
In PA , what is the legal procedure that an insurance company has to pay for a totaled car... I was told nada value plus tax.. My ins.co. cal is nada +tax + uses and est. of 5 cars in the area of the same type.= est. amount .. then - any prev. damage/condtion - amount owed to loan..= the amount I will recieve
Asked on 3/16/12, 9:06 am
1 Answer from Attorneys
Andrew Solomon
Law Office of Andrew A. Solomon
A good adjuster generally uses NADA plus sales tax and looks for comparable values in the local area. The amount owed on the loan depends on whether you had gap coverage. If the accident was not your fault, you can go through your insurance company's collision coverage (if you had it), less the deductible, and you or your insurance company can recover the deductible from the at-fault drivers company
Answered on 3/16/12, 10:05 am
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