gcomfx.com
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broken_joke said:me and dad went for a ride in my car yesterday and i let dad drive it cause i wanted his opinion on how it was running. well we were pretty much hauling some serious ass and were getting on the interstate and hit a patch of water on the top of the acceleration lane. the car came around and smashed tail first into a tree.
i have a question. has anyone ever bought there car back from the insurance company when they total out the car? how much did it cost to buy back?
Methodical said:I have St. Farm Insurance and in November 2000 I had an accident and they totalled it. I purchased it from them for $1700. Although they considered it a total loss (by their standards), the car was not really totalled by my standards. I got about $12,300 ($14,000-1700) from them. It cost me about $1700 for the body repair and I got my airbags for about $450 (between Ebay and junkyard) and some misc. stuff. So for less than $3K I had my car back. Here's the best part, St. Farm even reinsured the car after I got it back on the road.
Peace
broken_joke said:i have usaa. does anyone know if they take into consideration of modifications if i have some reciepts?
bigcat said:if you keep the car, the title does not change. it is still a clean title, but a carfax may report it as wrecked or totalled.
gcomfx.com said:So now what happens if you total it the same way again? Another $9k profit off of them?
i have had 2 cars that "totaled". i kept them both, and the title never changed. i traded one in (still wrecked) a few months after the accident, and had to sign some paperwork about the title to be sure it was clear. i never had anything come back on it. i still have the other car.extremetrek said:Actually, for me (progressive), the insurance company required that I have a salvage title before they would give me ANY money for my car at all. Not really a problem for me as I plan to keep the car till it turns to dust.