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No, you can’t choose AFTER the loss.

BUT, when you’re buying insurance, you can select the type of valuation the policy is written on – you can buy an “actual cash value” policy, or a “stated amount” policy, or a “agreed value” policy. You do that at the time you buy the coverage. Unless you KNOW the difference between these three valuations, you probably want to use an agent.

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No.

It’s not your choice what valuation method the insurance company uses. The auto policy gives the insurance company the right to investigate, negotiate, deny, defend or settle as they see fit.

What you can do…is do your own research on your vehicle. When the adjuster calls and makes an offer…you can discuss your research with the adjuster.

Most insurance companies use a market survey program (CCC or Total Logic are two of them) or the book value. If they use a book…it will be the NADA (National Automobile Dealers Association book). They will NOT use Kelley Blue Book so don’t waste your time there.

The value of your vehicle will also take into consideration it’s mileage, options and condition. So, you need to take a realistic look at your vehicles condition. If it needs new tires….that’s going to reduce it’s value.