{"id":37126,"date":"2022-03-10T11:43:40","date_gmt":"2022-03-10T11:43:40","guid":{"rendered":" https:\/\/dev.way.com\/blog\/?p=37126"},"modified":"2022-03-10T11:43:40","modified_gmt":"2022-03-10T11:43:40","slug":"what-is-actual-cash-value","status":"publish","type":"post","link":"https:\/\/dev.way.com\/journal\/what-is-actual-cash-value\/","title":{"rendered":"How Does Insurance Calculate the Value of a Car?\u00a0"},"content":{"rendered":"

Accidents or your car getting totaled by it can bring a lot of trauma for you. But, what makes it more traumatic is when the insurance company starts the valuation of the car. When your car is totaled and you file a claim, the insurance company will pay you your car\u2019s actual cash value (ACV), less your deductible. If you have been through this, you know how frustrating it is to accept the auto insurance company\u2019s assessment of your car\u2019s value.\u00a0<\/span>\u00a0<\/span><\/p>\n

The estimate will be lower than you expected, and it is sometimes inadequate to cover what they still owe on the car. You\u2019ll have questions about how the insurance company arrived at such a value. You can negotiate for a higher payout with them if you know the basics of how insurance companies value cars. Continue reading to know in detail about this and the actual cash value.\u00a0<\/span>\u00a0<\/span><\/p>\n

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