Our Tesla Model3 2020 got rear ended recently at our fault. The initial estimate for the repairs are around $17000. The car runs and drives fine otherwise, in fact we were using it for a month without any issues before the body shop could take us in.
Now, the insurance is claiming this would be a total loss. I talked to the appraiser and his thoughts are the final repair cost would be somewhere around 20-23k.
My car has low mileage 34k and full FSD software (which I purchased when the price was reasonable enough).
This is the first time we are dealing with a total loss (in fact, any at fault payout from insurance). So I am not sure what to expect here.
My thinking is the final settlement from insurance should make me whole, as in, buy a used car with similar feature set and mileage. That's the whole point of having insurance. Is that incorrect to assume?
What is my recourse if the insurance company tries to low-ball me in the settlement?
Now, the insurance is claiming this would be a total loss. I talked to the appraiser and his thoughts are the final repair cost would be somewhere around 20-23k.
My car has low mileage 34k and full FSD software (which I purchased when the price was reasonable enough).
This is the first time we are dealing with a total loss (in fact, any at fault payout from insurance). So I am not sure what to expect here.
My thinking is the final settlement from insurance should make me whole, as in, buy a used car with similar feature set and mileage. That's the whole point of having insurance. Is that incorrect to assume?
What is my recourse if the insurance company tries to low-ball me in the settlement?
