by Guest » Tue May 10, 2011 07:02 am
So I recently rolled my truck. It wasn't bad, it happened slow, but it still rolled. The only thing that took major damage was the cab, and the doors. There are a few dents on the body too, but something I can live with, and doesn't have to be fixed. So my question is can the adjuster look at the truck, and give me a value of only the things that have to be fixed? Because I know that some dents require the whole pannel that the dent is on to be replaced, and that could knock some serious money off of the damge total. So is there anyway the adjuster could work with me like that? Because I have put a lot of work into this truck and to see it totaled would be awful!
Posted: Tue May 10, 2011 05:02 pm Post Subject:
Just because it is totalled does not mean you cannot keep the vehicle and repair it to your satisfaction. The insurance company will simply deduct the salvage value from the loss payable and write you a check for the difference. That amount may or may not be enough to complete the repairs.
The vehicle will be totalled if the damage exceeds 70%-80% of its ACTUAL CASH VALUE (replacement cost minus depreciation) prior to the accident. The percentage of loss to reach "total" is described in your state's insurance code or your insurance policy.
Posted: Wed May 11, 2011 06:41 am Post Subject:
Yes, what's important over here is to check if the damage is worth more than 70-80% of the ACV. If the damage is not worth it, then there's no reason why it should get totaled. You may choose to keep the vehicle even if it gets totaled, but then you'll need to bear the risks of driving such vehicle on your own.
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