Most insurance companies use one of two outside valuation services that provide vehicle values primarily to the insurance industry. You should request a copy of this report to be sure it contains accurate information about your vehicle. We suggest you run your own Vehicle Valuation Report by using either Kelley Blue Book and/or NADA Blue Book websites just to verify that the information you’re receiving from the insurance company is indeed accurate.
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How does an insurance company determine the fair market value?
Ajay Seota
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