I had a 2019 dodge ram 2500 with 28000 kms on it.i had

Great, so I assume that you are still in the negotiating stage?

I see, is the vehicle totaled?

Oh I see. I am sorry to hear that.

Thank you for the information. You do have the right to contest those numbers, but the insurance company is not obligated to accept them. You have to find what the fair market value of your vehicle is if you were to buy a similar vehicle, similar trim, on the open market in the area.

Have you done a search on Autotrader or Kijiji?

In the second hand market?

What would be the price in the second hand market if you were to buy a similar vehicle, is it 94k?

I see, thank you for that information. This will ultimately depend on your insurance policy. However, the insurance will likely cap out at the MSRP of the vehicle or the purchase price when it was new.

If there is a replacement add-on, they may be required to get you into a new truck at MSRP, and give you a rental until that new truck is avaliable. However, they are not obligated to give you cash on top as if they are buying your truck.

Your cost of borrowing would not be included. How much is the truck without the cost of borrowing?

I see, then yea, that is the amount they would have to offer pursuant to the your policy.

Is there any additions that you paid for in your insurance that would change that?

Then they should compensate you for the actual replacement cost if you purchase another one of similar vehicle, but they will not give you the value of that replacement cost.

Correct - you can buy a similar vehicle if you choose, that is what the policy is for.

Hi there, I have not heard back from you, is there anything else I can help you with today?