Mileage Discrepancies on Totaled Vehicle
Two months ago, I was in an accident, and my insurance company sent me the vehicle evaluation statement indicating that my car has 100,000 miles on it. However, I have maintenance records showing that it only has 42,000 miles. Will the insurance need to issue a second check to my lien holder due to this discrepancy?
It sounds like there might be an error in the mileage reported by the insurance company, as your maintenance records indicate significantly lower mileage than what they listed. If you can provide documentation proving the correct mileage, it’s essential to address this discrepancy with your insurance adjuster as soon as possible.
If the insurance company agrees to adjust the vehicle’s valuation based on your supplied mileage records, this could potentially change the settlement amount. If the new valuation results in a higher payout, the insurance may issue an additional check to your lien holder. However, if the payout remains the same, you may not see a second check.
To clarify, contacting your insurance company directly to discuss this issue and provide the necessary documentation is key. They will be able to give you a definitive answer regarding any additional payouts or checks that may need to be issued.