Emsflyer84
New Member
- 3
Hey all, I’ve got a 2015 VW Passat that I recently got into an accident with. The car was towed to a towing company lot and is likely going to be totaled by insurance. The towing company told me I should not release the car to the insurance company (Geico) until I get a valuation on the car that I am happy with. They say if Geico takes the car to their own yard to assess, I can’t negotiate the value they give me.
This makes no sense to me, as I still hold the title regardless of where the car is. Geico wants to pick the car up and take it to an independent yard to asses and get all their photos, etc. This way they don’t need to pay storage fees to the tow company. The tow company wants to keep the car as long as possible to collect storage fees from Geico.
I don’t know who to believe. Geico told me that they don’t actually do the valuation on the car, it’s done by an independent third party so it’s “impartial”. It sounded like they wouldn’t do anything until the car was moved. In fact, the adjuster said he wants even going to look at it in person, but the yard it would be moved to would send him pictures, etc.
Any thoughts on the process, and what kind of luck folks have had with Geico in a total loss situation? Thanks!
This makes no sense to me, as I still hold the title regardless of where the car is. Geico wants to pick the car up and take it to an independent yard to asses and get all their photos, etc. This way they don’t need to pay storage fees to the tow company. The tow company wants to keep the car as long as possible to collect storage fees from Geico.
I don’t know who to believe. Geico told me that they don’t actually do the valuation on the car, it’s done by an independent third party so it’s “impartial”. It sounded like they wouldn’t do anything until the car was moved. In fact, the adjuster said he wants even going to look at it in person, but the yard it would be moved to would send him pictures, etc.
Any thoughts on the process, and what kind of luck folks have had with Geico in a total loss situation? Thanks!