Great body
#1
The following 13 users liked this post by RPH:
cjd777 (04-04-2023),
dfbender (04-05-2023),
JimmyL (04-04-2023),
Johnken (04-04-2023),
Just Another Guy (04-04-2023),
and 8 others liked this post.
#2
Join Date: Jan 2018
Location: on the road in NE Oklahoma
Posts: 2,870
Received 1,702 Likes
on
1,014 Posts
The following 3 users liked this post by zray:
#4
Join Date: Apr 2014
Location: Jersey, Channel Islands
Posts: 4,200
Received 2,434 Likes
on
1,572 Posts
#5
#6
My understanding is that in North Carolina if it’s totaled the insurance company estimate the market value in your location and offer that amount. If you accept they may offer you a buy back price (fewer dollars) estimated based on the salvage value of the car. Problem is if you accept the initial offer the car title is immediately transferred to them and is marked SALVAGE in the state computer. If you now buy it back it still has a salvage title until you get it fixed. Then if it passes a roadworthy test the title is marked SALVAGE REPAIR or something like that. Anyway the title is forever tainted for future resale.
#7
They should pay you the difference between the scrap value of the car and the value it had before it was in an accident. However you might be better off not even involving the insurance company and instead buy some second hand panels and get them fitted yourself - you keep your no claims bonus and there is no accident damage recorded against your car.
Trending Topics
#8
They should pay you the difference between the scrap value of the car and the value it had before it was in an accident. However you might be better off not even involving the insurance company and instead buy some second hand panels and get them fitted yourself - you keep your no claims bonus and there is no accident damage recorded against your car.
Thread
Thread Starter
Forum
Replies
Last Post
retroren
XJ40 ( XJ81 )
0
10-10-2018 10:17 PM
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)