SDOliner@aol.com wrote:
>In a message dated 10/15/2003 10:31:12 PM Eastern Standard Time,
>dalep1@earthlink.net writes:
>
>
>
>>By law, if repair estimates exceed 75% of the
>>"fair" market value the car must be totaled.
>>
>>
>
>What state are you in? This sounds wacky to me. Is this info that you got
>from your insurance company?
>
>
>
I just went through this in NJ. If the repair cost is greater than 75%
of the car, they will not pay to fix the car they will total the car.
Sort of makes sense, if you have done 30K damage to a 40K car, it will
most likely never be right again. It must be cheaper to total the car
then fight with the insurers and the repair shops over the work, from
the insurance companies point of view..
--
------------------------------------------------------------------------
William M. Gilroy
77 Midget
95 Toyota
01 Irish Terrier
________
"It's a great day to be alive,
I know the sun's still shining when I close my eyes..." - Darrell Scott
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