by Guest » Thu Nov 24, 2011 06:05 pm
My car was rear ended while stopped at a red light. Liability has been assumed by other party. the car was severely totaled.
Now, we are discussing a settlement. I drove a 2008 chev cobalt ltz, beautiful. However it had an orange title, but car was completely repaired. No one could tell it had ever been in a wreck. I loved my car. Now the insurance company is trying to given me 6,300 dollars for it which is about half of what it would cost to buy a similar car with a green title. is this fair?
Now, we are discussing a settlement. I drove a 2008 chev cobalt ltz, beautiful. However it had an orange title, but car was completely repaired. No one could tell it had ever been in a wreck. I loved my car. Now the insurance company is trying to given me 6,300 dollars for it which is about half of what it would cost to buy a similar car with a green title. is this fair?
Posted: Thu Nov 24, 2011 08:39 pm Post Subject:
I'm guessing an "orange" title is a salvage title? Rule of thumb is that a vehicle with a salvage title is worth 25% less than one without. It's not a question of how great the vehicle looks... it's a question of would someone pay top dollar for a vehicle that was a prior total loss.
You need to review the insurance companies information on your vehicle to see if there are any issues. How did they arrive at their value?
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