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Insurance payment on a repaired title.

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Posted: Fri Aug 26, 2011 9:30 pm   Post subject: Insurance payment on a repaired title.   Was hit by a driver who ran a stop sign and totaled my car. My car had a repaired title. What decides the amount of the deduction the insurance company can take when paying me for my car?	k2jnk New member Joined: 26 Aug 2011 Posts: 1 1.14 Dollars($)
Posted: Sat Aug 27, 2011 12:15 pm   Post subject:    . “My car had a repaired Title” By this statement I’m assuming your car as a Rebuilt/Salvaged car. In case of a car with a Rebuilt title on it, the ACV of the car diminishes subsequently, because it had already been totaled previously. Your insurance company would pay you the present value of your car based on the fair market values of similar cars, minus the deductibles. Deductions for previous damages may be itemized with a specific amount. This is limited to the fact of how well the damages were covered by proper repairing and restoration of the previous condition. The increased resale value after correcting the damages, is the amount which the insurance company may deduct from your total loss settlement. _________________ Register Now to have your Insurance queries solved.	Mona Wayne Guest
Posted: Sat Aug 27, 2011 2:05 pm   Post subject:    As a general rule, the value is reduced by about 25% of a vehicle without a salvage title.	tcope Forum Expert Joined: 22 Nov 2006 Posts: 5199 Location: Salt Lake City, UT 286.08 Dollars($)

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