car insurance total loss?
I own a 1997 dodge intrepid std 4 dr sedan 6cyl gasoline 3.3 liter 4 speed in fair conditions cd player no rust with 197,242 miles. My car was was in a hail and tornado damage where the hood has a dent and the driver and passanger side have dent and the trunk. I have full coverage insurance and they telling me that my car was total last i love my car and i spent alot of money fixing it and it drives great no problem. So I was trying to get some help from some one that could tell me how much is my car worth so they wont give me less money and if they offer me less what could I do. I am not trying to bew greedy but i do love my car and spent alot of money on it. I would rather get it fix . PLEASEEEEEEEEEEEEEEE HELP ME
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6 comments
PamelaS on July 4, 2010 at 11:55 pm
A high-mileage Intrepid is not going to be worth much, but the company should offer you an "Owner retain" settlement figure. It’s less than you get if they take the vehicle, because they subtract the salvage value of the vehicle. At least that way you could keep it. I’m so sorry. If you take a $2000 car and sink $10,000 worth of work and customizations into it, it is likely still only worth $2000. Depending on the customizations, you may have even decreased the value by narrowing the pool of possible buyers. You may be able to buy special coverage that states the value. talk to an independent agent in your area.
Good luck.
Charlie T on July 4, 2010 at 11:55 pm
The adjuster will not give you a sentimental value for the car. They will only give you what the car is worth. If you want to buy the car from the ins. company that can probably be arranged. Good luck and sorry for your loss.
ken k on July 4, 2010 at 11:55 pm
should have cancelled full coverage years ago/200 bucks is all its worth/get bills together and go to ins co office
Willard N on July 4, 2010 at 11:55 pm
Getting new car insurance is a fast and easy way to save your money. You can get a fast estimate online they most often give you competing quotes.
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mbrcatz on July 4, 2010 at 11:55 pm
According to http://www.kbb.com, I’m coming up with a value about $950.
If all the damage is only cosmetic, what to do, is tell them you’re going to keep the car, and they’ll subtract, maybe $500 from that (salvage value), maybe you can negotiate a bit less. They’ll write you a check for $450, and you’ll get a salvage value title for your car. You won’t be able to keep "full coverage" on it any more, but you’d NEVER be able to replace it for a drivable car that passes inspection, for $500.
It’s definately totalled, though – you’d never be able to fix all that body damage, for TWICE what the car is worth. But heck, break the front and back window, and it’s totalled just from glass damage.
That’s what happens with old cars. Sorry.
Rose Harrison on July 4, 2010 at 11:55 pm
Hi friend
Go to: http://Save-Car-Insurance.Info
This is the best web site .
Hope this will help