question about cash settlement for car accident

eastowest

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Hello, everyone

Someone hit my car at back, the insurance company is going to cover everything and has the estimate done. But when I ask cash settlement, they only give me 75% of the estimate. Is this something I can argue or this is the policy of auto insurance industry?

for example, the estimate is $1000 which means if i send my car to the shop for repair, the insurance company will pay the shop $1000. But if I want cash settlement, they are supposed to give me $1000, and I will have my car repaired on my own. But they only give me $750 if I repair the car by myself.
I don't think it is reasonable.


Thanks
 
Since insurance company aint sure the car is repair up to standard, and or repair covers all the repair necessary.
Also, ask the insurance company is there any different in terms of future premium increase based on both options.
 
Hello, everyone

Someone hit my car at back, the insurance company is going to cover everything and has the estimate done. But when I ask cash settlement, they only give me 75% of the estimate. Is this something I can argue or this is the policy of auto insurance industry?

for example, the estimate is $1000 which means if i send my car to the shop for repair, the insurance company will pay the shop $1000. But if I want cash settlement, they are supposed to give me $1000, and I will have my car repaired on my own. But they only give me $750 if I repair the car by myself.
I don't think it is reasonable.


Thanks
Just curious. Why you ASK for cash and (you can) fix the car yourself? Are you a licensed mechanic? Or you just want to pocket the money. I agree with what dkwan wrote below.
 
俺觉得75%偏高了,其实应该略低点(50-60%)。
既然你自己想修或把钱揣口袋,就说明价格有很大水分(以俺的经验的确是),保险公司当然也要分一杯羹(25%)。
 
Hello, everyone

Someone hit my car at back, the insurance company is going to cover everything and has the estimate done. But when I ask cash settlement, they only give me 75% of the estimate. Is this something I can argue or this is the policy of auto insurance industry?

for example, the estimate is $1000 which means if i send my car to the shop for repair, the insurance company will pay the shop $1000. But if I want cash settlement, they are supposed to give me $1000, and I will have my car repaired on my own. But they only give me $750 if I repair the car by myself.
I don't think it is reasonable.


Thanks
If you have a LICENSED garage that you know, or ONION, some CFC members recommend this garage, let your mechanic negotiate with your insurance company (ADJUSTER) on COST. If you want to pocket money, then sorry, you have to follow the rule. Anyway good luck.
 
Hello, everyone

Someone hit my car at back, the insurance company is going to cover everything and has the estimate done. But when I ask cash settlement, they only give me 75% of the estimate. Is this something I can argue or this is the policy of auto insurance industry?

for example, the estimate is $1000 which means if i send my car to the shop for repair, the insurance company will pay the shop $1000. But if I want cash settlement, they are supposed to give me $1000, and I will have my car repaired on my own. But they only give me $750 if I repair the car by myself.
I don't think it is reasonable.


Thanks

Maybe your deductible is $250
 
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