Nationwide Insurance Company of America has reviewed all the available information regarding your claim for damages to your 2016 HONDA AFRICA TWIN DIGITAL. We have determined that your vehicle is a total loss. A vehicle is deemed a total loss if it is not economical to repair the vehicle.
In these circumstances, it is our responsibility to pay you the cost of a comparable vehicle, less your deductible.The amount shall also include all applicable taxes and required DMV fees. What you can expect We have determined the actual cash value for your vehicle based upon the current market. The breakdown of our settlement payment is as follows:
CCC Analysis Value Report #: XXXXXXXX
The total loss settlement amount of your claim is:
Actual Cash Value: $12,089.61
Sales Tax: $1,118.29
Prorated License Fees and other annual fees (VLF): $161.00
DMV Transfer Fees: $15.00
Salvage Certificate (if applicable): $N/A
Less Salvage (if applicable): $N/A
Less Sales Tax [SALES TAX]% $N/A
Less Deductible (if applicable): $1,000.00
Other Deductions: $N/A
Net Total Loss Settlement to Vehicle Owner: $12,383.90
I will be retaining the loss vehicle This settlement offer is based upon you retaining the loss vehicle. Please know that if you retain the loss vehicle, notice of the salvage retention must be provided to the Department of Motor Vehicles which may affect the loss vehicle's future resale and/or insured value. Pursuant to Vehicle Code Section 11515(b), you must forward a properly endorsed Certificate of Ownership or other evidence of ownership to the Department of Motor Vehicles, along with the license plates and a $20.00 fee to the Department within ten days from the settlement of the loss. The Department will then issue a Salvage Certificate for the vehicle. You also have the right to seek a refund of the unused license fees from the Department of Motor Vehicles.
I will not be retaining the loss vehicle If you decide not to retain the vehicle, the salvage value, applicable related sales tax and salvage certificate will be added to the settlement offer for a total payment of $__________. The enclosed DMV forms and title must be signed and returned to me to allow transfer of ownership and complete your claim. My mailing address is ______________, ________________.Please advise as soon as practicable whether you wish to retain the loss vehicle or wish for Nationwide Insurance Company of America to retain the loss vehicle so that we can complete your claim and issue payment.
As a result of our settlement offer, please be advised that the company will discontinue paying for your rental car on: N/A Please be advised that if you are unable to locate a comparable vehicle for the amount of the settlement offer within 35 days from the receipt of the cash settlement for your damaged vehicle we will reopen your claim. If you wish to request that the file be reopened, please notify me by fax at XXX XXX-XXXX or by mail at the above address. Please address all faxes and mail to my attention, XXXX XXXXXX and refer to our claim number XXXXX-XX. Help when you need it If you have any questions or concerns about this claim, please feel free to contact me at the number listed below.
Sincerely,
[Edited]
Enclosures: CCC ValuescopeValuation Breakdown
For your protection, California law requires the following to appear on this form. Any person who knowingly presents a false or fraudulent claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison.