stargirl96 wrote:
Just found out that insurance co. will total our 5'er due to major damage suffered from an encounter with a pot hole. (Okla. roads are terrible!) How will they come up with amount we'll receive? NADA guide values? If so, is it low or average retail value? What happens to our 5'er after being totaled?
I would start your own research trying to find a cost for a unit like yours somewhere. The insurance company is not your friend, they are to settle the loss at the lowest possible cost to them, that means the least they need to pay you. Check with your bank to see if they have anyway to determine the value, look all over the internet or contact a local rv dealer. Know the value before the insurance adjuster gives up his offer. If he is high(unlikely) more likely he will be low or real low you have ammunition to show how he is wrong and why. If he is high, say where do I sign and where is the check. The totaled rv will be picked up by a company and hauled to a auction point where others will bid and then they can do as they please. In some cases, you could be offered the trailer as scrap for a set price, so you still get a check, less what they deem as the salvage value. You then can part it out yourself, or try and repair it. But the title will always be branded as a salvage title and always worth less when resale time comes.
