TopHot
My new car has been declared a total loss, and I’m in negative equity. Is the Actual Cash Value (ACV) quoted by my insurance fair? Should I accept it?
My new car has been declared a total loss, and I'm in negative equity. Is the Actual Cash Value (ACV) quoted by my insurance fair? Should I accept it? My 2024 Kia Sportage (SX-Prestige trim), which is less than a year old, has been declared a total loss (I'm not at fault). Unfortunately, I don't have gap insurance (my mistake), so I'm now in negative equity. State Farm has informed me that they’ve set the Actual Cash Value (ACV) of my vehicle based on its unusually high mileage (52K miles). Th...
Category:
