Q: What is the amount for settlement claims?
I was offered $500.00 for settlement in an at-fault accident where my car was totaled. Is that a sufficient and fair amount from the opposing insure?
A: The determination of what constitutes a fair settlement offer may involve numerous factors such as the limits and applicability of any insurance coverage to your particular situation, and the year, model, mileage, and fair market value of your vehicle. The offer may be fair if in fact your vehicle was worth only $500.00 or your damages totaled only $500.00.
Because the determination of what constitutes a fair settlement offer involves many factors, you should contact a local attorney if you are unsure whether the offer is sufficient and fair.
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