Value derate on settlement --- total loss with R-title

by outpostbob » Thu Nov 29, 2012 04:59 pm

How much should the value of a rare "R-Option" 1996 Miata be reduced because it has a Reconstructed title. Accident was not MY fault, but her insurance company wants to significantly derate the value of the settlement because of the R-title.

Total Comments: 2

Posted: Fri Nov 30, 2012 01:04 am Post Subject:

Usually it's 25%.

Posted: Fri Nov 30, 2012 01:54 pm Post Subject:

Regardless of how fine your car had been, you can’t remove the salvage title branding from your vehicle. Obviously, the insurer is going to pay less as settlement amount, since a reconstructed title means, your car had been totaled once before.

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