I was rear ended while I was stopped at a red light.

Posted: Sun Nov 30, 2008 05:39 am Post Subject: insurance

Hello, DALLAS, and WELCOME!!! Well...........I'm not an expert on insurance, but I DO know it was the other persons fault for rear-ending YOU. There are ALOT of experts, on this forum and I'm sure one of them will be along shortly. Did you get hurt? Hope not. Any passengers in with you?

Posted: Sun Nov 30, 2008 01:57 pm Post Subject:

Each insurance company is a little different but most will pay the value of the vehicle less 25% for the salvage title. The lowest they should pay would be around $500.

Posted: Sun Nov 30, 2008 03:38 pm Post Subject: insurance

A Salvage Title?/ I never heard of THAT one. What is it? When your car is totaled, is this what they 're-name' the title?

Posted: Sun Nov 30, 2008 06:49 pm Post Subject:

(SD i answered the salvage title on the other thread)

my truck already has a salvage title.

So my question is how much should I expect to receive from the insurance company?

Is their a minimum that the must pay to buy my only transportation?

Posted: Sun Nov 30, 2008 09:48 pm Post Subject: More information on about the wreck

I was the driver but I also had my two daughters and my niece with me. Their ages are one 4yrs and two 7yrs. I have already hired a lawyer to start a personal injury claim, but it will take some time to resolve that claim.
My 4yr old now is scared to ride in a car & my 7yr old has been getting headaches, she says it hurts were she hit her head in the truck. My 7yr old niece also hit her head & arm, but her mother is filing with my lawyer. I have began seeing a doctor for my back.
Its not fair that an insurance company can only pay 500.00 for my truck. It is my families only automobile and I was stopped at an intersection. It was clearly the other drivers fault.

Posted: Sun Nov 30, 2008 10:15 pm Post Subject: insurance

OH MY!! I'm sorry for the children!! Not that I'm NOT sorry this happened to YOU...I'm sure you understand.

Posted: Sun Nov 30, 2008 10:45 pm Post Subject:

What was said was that no matter what the condition of the truck was, you should not be paid less then $500. What that means is if the truck was in the worst possible condition but still running, it is worth $500... even if it has a salvage title. That is, if the truck was worth $500 with a clean title, it's not worth 25% less with a salvage title. I don't know the condition of the truck so I can't say it's only worth $500.

But you are also correct in that a truck in good working order is probably worth more to you in that condition then it's cash value (what someone would buy it for). I hear exactly what you are saying.

Posted: Mon Dec 01, 2008 12:52 pm Post Subject:

OP we were not saying at all that your truck was worth 500.00 you ask the 'lowest' that we've seen paid, that is 500 not what your truck is worth...you're truck is likely worth the ACV less the deduction for a salvage title if that even applys in your case, as i said a vehicle over 10 years old a salvage title doesn't necessarily affect the ACV very much..

let us know if you have any questions as you work thru the claim...we're here to help.

Posted: Mon Dec 08, 2008 02:40 am Post Subject: This is what I was offered

Ok in the 6th day after the accident I was offered $3400 for my truck and $2800 if I decided to keep my truck. So I kept my truck & received a $2800 settlement. I could'nt believe what a fair offer I received, but I will have to apply of a new salvage title with the dps & most likely have to get a new state inspection sticker.

Posted: Mon Dec 08, 2008 11:18 am Post Subject:

See every adjuster isn't out to 'screw' the insured or claimant... :wink: I can tell sometimes when I make an offer the person is shocked and wasn't expecting so much, but STILL they will ask for more...boggles the mind some times.