My 2000 Toyota Camry was just totaled in the last few days.
If my residence is Southern California, can you recommend a web site for determining what the settlement might be from my insurance company (GEICO).
For example, is Fair Market Value (FMV) different from Actual Cash Value (ACV)? A Google search suggested (but was ambiguous) about whether most states use ACV or FMV.
One final question based on the web site for Kelly Blue Book.
I was able to find the Blue Book Retail Value (when sold by a dealer) and the Blue Book Private Party Value (when sold by a private party). Can either of these be used as FMV (or ACV)?
Thank you for your time.
Michael T.