>>28200625
>I need to mail them the title. State law says it's salvage if the cost to repair plus salvage cost is higher than the covered amount.
If your state is forcing it that is one thing, but I've never seen that. If the car has a lien, then the lien company and the insurance company don't really communicate.

Also, insurance companies CANNOT take insured property unless you give them permission, they are like vampires, you basically "sell" it to them for free.

Take the full settlement to yourself in check form minus the deductable, and keep the car. Use the settlement to payoff the lean in full, title shows up from the lien company having no knowledge the car is totalled. I've done this a few times and I live in one of those terribad insurance blue states.

Your insurance company cannot make the lien company change the status of the title, nor do they have the right to contact or negotiate with the lien company until you give them the car. Salvage titles are usually done by junkyards and no one else. They want you to "let them take car of it all" so they pay you nothing, get your car, negotiate a low price settlement with the lien company and then sell your car to a salvage yard they own stock in.

If you let the insurance company take your car they will usually make money and at best you get your deductable back 6 months later.

The status of the car on vin lookup if it never hits the junkyard should be "accident reported"

You can actually argue the settlement amount up because you contracted the company to insure the value of your exact property, so the value is the cost of a replacement car with the same options, not their "red book" value which is just a made up number by insurance companies and has no legal basis and doesn't differenciate between trim levels or engines.

To an insurance company, an e90 M is worth the same as a e90 325i with a 4cyl.

Or just believe what the insurance company says, they probably have your best interests in mind.

Back | Go to board

Board:

/o/

Thread:

Insured for $12,000."Total loss."

Insured for $12,000.
"Total loss."