When Insurance Company Asks, "Amout you are making claim for?" (on stolen vehicle)?

In most states the vehicle is covered for its Actual Cash Value (ACV) and insurance companies have several way to find the ACV. First and most widely used is to use sources such as the NADA. Bluebooks are not widely used in Insurance because they are designed to determine what dealers may sell a vehicle for and include dealers fees and cost such as advertising, insurance and mark up. NADA or the Red Book are designed for determining the ACV. You can also go onto Auto Trader and do a search in your area for your year, make and model vehicle with similar miles and do an average. Make sure the vehicles have the same middle portion of the VIN number to assure it is the same exact model and options and make sure the milage is close. Make sure your search is in your geographical area. Thats makes a difference. If the vehicle was purchased in the last 6 months it is common to take the sale price and minus 30 cents per mile. Example I paid $20,000 and have 5000 miles on my car it would be worth 18,500. Remember Insurance is for the ACV. It is usually not replacement. There are replacement policies out there, but they are costly and not legal in most states. Insurance is to bring you to where you were right before the loss. If you have a 1 year old car with 10,000 miles with an ACV of $15,000, thats what you lost and thats what they owe you. If you got a really good deal on the car I would use the NADA or go online to AutoTrader.com and determine your ACV and use that. You can go onto NADA.com for NADA values. However they figures there may differ a little from the actual NADA books. The books are for a specific geographical region and are updated monthly, where the website is a national average and updated every 6 months.

I think they want the MSRP or Kelly Blue Book value, if you paid $1,000 for car worth $6,000 - put down the $6,000

Definitely use an online service like Kelly Blue Book, and remember you never get more than you asked for. The insurance company will offer you what's called ACV or actual cash value. Since the car was stolen, they won't be able to deduct for stuff like stains on the carpet, tread wear, etc. You won't get the equivalent of what you would have paid, though, unless you purchased some sort of GAP insurance or Loan/ Lease payoff, which will help with the difference between what your car was worth and what you owe on it. Remember, what the adjuster offers you isn't always final. The squeaky wheel gets the grease, so don't cave in at the first offer. Also, if you have any photos, maintenance records, etc, those will help. Good luck

Definitely use an online service like Kelly Blue Book, and remember you never get more than you asked for. The insurance company will offer you what's called ACV or actual cash value. Since the car was stolen, they won't be able to deduct for stuff like stains on the carpet, tread wear, etc. You won't get the equivalent of what you would have paid, though, unless you purchased some sort of GAP insurance or Loan/ Lease payoff, which will help with the difference between what your car was worth and what you owe on it. Remember, what the adjuster offers you isn't always final. The squeaky wheel gets the grease, so don't cave in at the first offer. Also, if you have any photos, maintenance records, etc, those will help. Good luck

I think they want the MSRP or Kelly Blue Book value, if you paid $1,000 for car worth $6,000 - put down the $6,000