I was rear ended-car worth est $5000- damage est $3500. if write-off, will i get market value of car or $3500?

Question

I have no insurance, but he has admitted fault and made a claim through his insurance - assessment is still pending....

Answer 1

if the car is totaled they will NOT pay you blue book value they will pay you ACV of the auto.  there IS a difference.

Answer 2

You get the lesser of the actual cash value, or the cost to repair.   Find the actual cash value by getting the private party sale value at www.kbb.com.  

You don't get dealer/retail value.   You get wholesale/private party value.  Which might be well under the $5K.

Answer 3

your car is worth 5000 dollars if damage exceeds 75% of NADA then car will be totaled, in which case they will give you the blue book value of your car.

Answer 4

They will check on the "blue book value" of your car.  If the damage caused is more than the car is worth, then they'll total the car, and pay you the blue book value.  If the damage is not more than the blue book value, then they'll repair it.