Totaled vehicles...sometimes surprising.
I’ve often wondered how the large numbers of “rebuilt” vehicles with “light damage” for sale can be real and not just a line of bs by the seller. Had one example years ago. Guy at work literally “ta...
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We had a 2007 Chrysler 300C that was a complete loss from a hail storm a few years ago.
The way the insurance company decides to total or repair has to do with how much it costs to repair vs what the "fair market value" of the vehicle is. If the damage amounts to more than 60% of the value, they total it.
I fought with them on my car (for various reasons). I ended up getting more in the payout from it, and then bought it back, and sold it to someone else. I did nothing to repair the car, and for some reason, despite the insurance company totaling the car, it did not change the title.
The way the insurance company decides to total or repair has to do with how much it costs to repair vs what the "fair market value" of the vehicle is. If the damage amounts to more than 60% of the value, they total it.
I fought with them on my car (for various reasons). I ended up getting more in the payout from it, and then bought it back, and sold it to someone else. I did nothing to repair the car, and for some reason, despite the insurance company totaling the car, it did not change the title.
