And so, Dealerships advertising vehicles in the area you are living in, and the vehicle you drive and insure is deemed a total loss. Because the auto dealers advertising vehicles that could be fare replacements for the loss of the insured person, are not in the inventory of the auto dealers, your insurance adjuster used to get an average value of the vehicle, the insured person needs to replace. The insured party is left without the ability fare replacement for his loss. in the end the consumer is being gouged, due too price fixing, and price setting, practices. That state and local authorities disregard, as common practice, and federal authorities regard as to small of an issue to address. Question: Is it only insurance companies who realize a loss, due to fraudulent actions. considered insurance fraud. but not when the consumer realizes a loss due to in adequate compensation. due to fraudulent actions.
Hello – what if the Ins company tells you that your car “Could be” a total Loss, has you release the vehicle to the Insurance company, the Insurance company moves the car from the Body Shop to a Salvage Yard, then determines that it isn’t a total loss. Do you have to accept the car back?
Yes, the reason the insurance company moved the vehicle was to mitigate any storage charges it may have been accruing. If they determine the vehicle is repairable then it will be repaired. They should cover all of the associated towing fees as well.
I was in an accident where a driver rear ended me at a stop light and did significant damage. It two month for them to do the repairs, it was about 68% in repairs of the value of the truck at $19,300. A weak later I took it back for a weird squealing noise and found out my axel was bent and there’s about another 4,000 in repairs. For two months they told me 70% and they would total it, and now that its over 70% they’re telling me Colorado threshold is 100%. I find that to be true, but is there any thing I can do? I have a truck for less than a month and now a lot of the dealerships are telling me I’m at least 10,000 upside down due to the accident and I’m working on a diminished value claim, but I’m hearing 10% of the value of the truck is the maximum I can receive.
About a year ago I bought a 2008 Chrysler van. I did not pull a car fax when I bought it. It has a clear title but recently I was looking into trading it in and the dealer pulled the carfax. It is listed as a total loss vehicle. Also showing that the insurance company had the vehicle and the title, then sold it a short time later. My problem is that it has a clear title. Can I go back on the insurance company for not getting a salvage title for it when it was wrecked? I never would have bought it if I would have seen salvage title. I just don’t know where to start and I can’t sell it for anywhere near what I owe with a being a total loss vehicle. Any help is greatly appreciated
I have a 2011 Silverado pickup that was in a flood in Florida it had a junk title in Florida Il issued a salvage title on it i have a Rebuilder license i rebuilt it replacing everything electric and front hubs rear end motor transmission all wireing i had it inspected as required in Illinois then applied for a rebuild title the state rejected it saying the Federal law has changed and i have to take them to court an have thr judge order them to give me title
If it was fresh or salt water., it makes a difference. Salt water half way up the tires. A year or maybe two, your brakes probably will fail as the salt rusted the brake lines…..Thats just one problem you would incur.
I have a 1997 Wilson grain trailer. Value estimate obtained by State Farm from Wilson Trailer $7500-10000. Cost of repair $4300. Iowa. They want to total.
I have a case where the insurance company has declared the vehicle totaled and they refereed to an 85% estimated value policy even though I am in Texas which means I should be covered under the full price. The value of the vehicle closely matches the cost of repair. Furthermore they have considered it necessary to add a 1,500 dollar paint job to the vehicle even though it is brand new and there is no paint damage. I wrote them an email asking them to revise their estimate notifying them that it seemed inaccurate. I want to take it to a third party to independently test whether or not it is actually totaled as they probably have included other erroneous repair items. Currently the car sits at an auto auction facility where people fix cars and sell them. The insurance provider also tried to tell me that the cost of renting a vehicle is calculated into the cost of repairs. Which is wrong on many counts but also because I refused that service. I do not know what legal things to say to them to get them to treat me fairly and squarely in accordance with the law. Who will help?
I have a 1999 Ford F-150 xlt 4×4. Only 87,000 miles. The total repair is $6900 the value is $8181. The insurance company wants to total it, but the driving part is still excellent. In Georgia can’t they be made to pay 100% of repair cost?
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And so, Dealerships advertising vehicles in the area you are living in, and the vehicle you drive and insure is deemed a total loss. Because the auto dealers advertising vehicles that could be fare replacements for the loss of the insured person, are not in the inventory of the auto dealers, your insurance adjuster used to get an average value of the vehicle, the insured person needs to replace. The insured party is left without the ability fare replacement for his loss. in the end the consumer is being gouged, due too price fixing, and price setting, practices. That state and local authorities disregard, as common practice, and federal authorities regard as to small of an issue to address. Question: Is it only insurance companies who realize a loss, due to fraudulent actions. considered insurance fraud. but not when the consumer realizes a loss due to in adequate compensation. due to fraudulent actions.
I am trying to find out whether Kentucky has an age limit on when the 75% applies. I think it is 5 years, but I need to be certain.
Hello – what if the Ins company tells you that your car “Could be” a total Loss, has you release the vehicle to the Insurance company, the Insurance company moves the car from the Body Shop to a Salvage Yard, then determines that it isn’t a total loss. Do you have to accept the car back?
Yes, the reason the insurance company moved the vehicle was to mitigate any storage charges it may have been accruing. If they determine the vehicle is repairable then it will be repaired. They should cover all of the associated towing fees as well.
Source: Auto Claims Adjuster.
I need to find out the value of my car for a bankruptcy. I just got a “salvage” vehicle for $6,000. How do I find out the value?
I was in an accident where a driver rear ended me at a stop light and did significant damage. It two month for them to do the repairs, it was about 68% in repairs of the value of the truck at $19,300. A weak later I took it back for a weird squealing noise and found out my axel was bent and there’s about another 4,000 in repairs. For two months they told me 70% and they would total it, and now that its over 70% they’re telling me Colorado threshold is 100%. I find that to be true, but is there any thing I can do? I have a truck for less than a month and now a lot of the dealerships are telling me I’m at least 10,000 upside down due to the accident and I’m working on a diminished value claim, but I’m hearing 10% of the value of the truck is the maximum I can receive.
About a year ago I bought a 2008 Chrysler van. I did not pull a car fax when I bought it. It has a clear title but recently I was looking into trading it in and the dealer pulled the carfax. It is listed as a total loss vehicle. Also showing that the insurance company had the vehicle and the title, then sold it a short time later. My problem is that it has a clear title. Can I go back on the insurance company for not getting a salvage title for it when it was wrecked? I never would have bought it if I would have seen salvage title. I just don’t know where to start and I can’t sell it for anywhere near what I owe with a being a total loss vehicle. Any help is greatly appreciated
I have a 2011 Silverado pickup that was in a flood in Florida it had a junk title in Florida Il issued a salvage title on it i have a Rebuilder license i rebuilt it replacing everything electric and front hubs rear end motor transmission all wireing i had it inspected as required in Illinois then applied for a rebuild title the state rejected it saying the Federal law has changed and i have to take them to court an have thr judge order them to give me title
If it was fresh or salt water., it makes a difference. Salt water half way up the tires. A year or maybe two, your brakes probably will fail as the salt rusted the brake lines…..Thats just one problem you would incur.
I have a 1997 Wilson grain trailer. Value estimate obtained by State Farm from Wilson Trailer $7500-10000. Cost of repair $4300. Iowa. They want to total.
I have a case where the insurance company has declared the vehicle totaled and they refereed to an 85% estimated value policy even though I am in Texas which means I should be covered under the full price. The value of the vehicle closely matches the cost of repair. Furthermore they have considered it necessary to add a 1,500 dollar paint job to the vehicle even though it is brand new and there is no paint damage. I wrote them an email asking them to revise their estimate notifying them that it seemed inaccurate. I want to take it to a third party to independently test whether or not it is actually totaled as they probably have included other erroneous repair items. Currently the car sits at an auto auction facility where people fix cars and sell them. The insurance provider also tried to tell me that the cost of renting a vehicle is calculated into the cost of repairs. Which is wrong on many counts but also because I refused that service. I do not know what legal things to say to them to get them to treat me fairly and squarely in accordance with the law. Who will help?
I have a 1999 Ford F-150 xlt 4×4. Only 87,000 miles. The total repair is $6900 the value is $8181. The insurance company wants to total it, but the driving part is still excellent. In Georgia can’t they be made to pay 100% of repair cost?