Repair vs. Total Loss

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PostPosted: Wed Oct 31, 2012 4:52 am   Post subject: Repair vs. Total Loss  

I was involved in a car accident that was not my fault. My preference is to have my car repaired. How can I convince my insurance company or the "at fault" insurance company to repair my car? Repairs are only $2600 and their total loss value is $2900. I have sent them research off the internet to support a value for my car anywhere from $3300 to $6000. It seems to me that they are being unreasonable in repairing my car for the dollars involved. PS - I have been with my insurance company for over 20 years.

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PostPosted: Wed Oct 31, 2012 1:00 pm   Post subject:   

You can attempt to change their minds on the value of your vehicle. Or perhaps ask either carrier if they will accept a Contract of Repairs. This is where you have a shop sign an agreement that they will make all needed repairs for a set price... even if it costs more. It's up the insurance company if they want to accept a Contract of Repair. If they still consider it a total loss you can file a complaint with your Dept of Insurance (probably won't do much in this case). You are then left with filing suit.

You state that you sent them documents showing your vehicle is worth $3300 and $6000? Then its worth $3300. That puts the total loss amount at $2640... the cost of repairs. So you've also given supports that it's a total loss.

If you don't have a lien and want the car repaired, keep the salvage. They will deduct the salvage value of the vehicle and pay you the difference. You can then have it repaired. However, they may require that the state be notified that it was considered a total loss. You may then have an issue with obtaining new registration on the vehicle.

You could also take the $2900 and buy that car for $3300. Perhaps even talk them down $400 and not pay anything.

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