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Replacement Cost by Insurance Company for Totaled Vehicle

196 messages,  Last post on Nov 17, 2009 at 7:17 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Safety, Buying Insurance, Coupe, Convertible, Hatchback, Truck, Sedan, Wagon, SUV, Van


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#173 of 196
Re: Concerning my question: Post 170 [teacher8] by cccompson
Dec 15, 2007 (10:40 am)
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Replying to: teacher8 (Dec 15, 2007 6:36 am)

No, a "salvage" (or "re-bulit") title is branded exactly as that. It sounds as though you have retained a clear title.
 
If you think it's worth $260 per year for the coverage, keep the coverage. The insurer will pay if it's damaged again.
#174 of 196
Re: Insuring a previously totaled car [teacher8] by pat HOST
Dec 15, 2007 (12:11 pm)
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Replying to: teacher8 (Dec 14, 2007 8:50 pm)

The same insurance company that originally totalled it re-insured it after you bought it back? I know nothing other than word of mouth, but I've lived in Virginia all my life and always understood that if an insurance company totalled a car and the owner bought it back, the car was not eligible for any further coverage.
 
I think you need to explain the situation completely to the new insurance company and see what they say. No need to pay them if they are going to deny any future claims based on the history - which they will discover in the event of a claim (if not sooner) whether or not it is disclosed up front.
 
Let us know what you find out!
#175 of 196
Recent Accident by tybo2
Dec 20, 2007 (8:38 pm)
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I was recently in an accident, I ran into a curb that was about 5-8 inches above the ground, and it pushed back the wheel of my sunfire, and in doing so it pushed the fender back just enough to make the door nearly impossible to open. So my question is do you think there is enough reason to deem my car Totaled
btw its a 95 sunfire
#176 of 196
Re: Recent Accident [tybo2] by tidester HOST
Dec 20, 2007 (8:57 pm)
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Replying to: tybo2 (Dec 20, 2007 8:38 pm)

So my question is do you think there is enough reason to deem my car Totaled[?]
 
I don't think so. Essentially, the criterion for "totalling" a vehicle is that the cost of repair has to be comparable to its replacement cost.
 
tidester, host
SUVs and Smart Shopper
#178 of 196
Re: Recent Accident [tybo2] by kyfdx HOST
Dec 21, 2007 (8:52 am)
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Replying to: tybo2 (Dec 20, 2007 8:38 pm)

I don't know... I think an oil change might total a '95 Sunfire..
 
How many miles do you have on it? I can imagine that there are some '95 Sunfires that might only be worth $500.
 
Which begs another question? You are still carrying collision on a '95 Sunfire?
 
Regards,
kyfdx
visiting host
#179 of 196
re by tybo2
Dec 21, 2007 (4:15 pm)
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well, im not goin to lie, im actually in canada, where you have your insurance, with the price of your plates every month, no matter what your car is insured, and will be fixed, and all you have to do is pay your deductible
#180 of 196
Re: re [tybo2] by kyfdx HOST
Dec 22, 2007 (9:03 am)
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Replying to: tybo2 (Dec 21, 2007 4:15 pm)

You probably won't know until you get an estimate.. If your car has 150K+ miles.., then it is probably worth less than $1000.. In that case, the damage you described will probably total it..
 
If your car is a creampuff, with only 75K miles? Then, it might get fixed..
 
regards,
kyfdx
visiting host
#181 of 196
Re: Recent Accident [tybo2] by joel0622
Dec 22, 2007 (10:14 am)
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Replying to: tybo2 (Dec 20, 2007 8:38 pm)

So my question is do you think there is enough reason to deem my car Totaled
 
Yes
 
The cost of the front suspension will probably be more then the car is worth
#182 of 196
perplexed Virginian by 07sdn6mt
Jan 13, 2008 (10:05 am)
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Yesterday I signed a contract on a vehicle but did not take dilivery of that vehicle. Am I still obligated to the contract if I change my mind?

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