Reader’s Question:

My son’s car caught fire while he was driving it. He and my grandson got out safely but the motor vehicle and its contents were a total loss. He has full coverage in St. Louis, Missouri. What will be used to determine the value of the vehicle?

Tom

St. Louis, MO

Ultimately, your son will need to talk to his insurance provider’s claim department to find out how they determine a car’s value in St. Louis, MO. But, generally, his car’s value is determined by comparing his vehicle’s condition to similar cars. This may include input from local car dealers, private parties or recent sales. Condition,mileage and equipment, differences are also taken into consideration. Additionally, his insurance provider may use a computerized evaluation process to help them in determining the value of his vehicle.

Tags: auto insurance, auto insurance claims, automobile, car dealers