Re: Cars for sale/Big Ouch/Insurance Claims

From: RobCarpent (RobCarpent(at)aol.com)
Date: Wed Apr 29 1998 - 17:34:08 CDT


In a message dated 98-04-29 16:05:36 EDT, you write:

<< As my car has a questionable future, I am
 considering buying a replacement that could use my engine, trans,
 suspension, interior, hydraulics, and everything else I replaced/restored.
>>
Jay,

With all others I am glad you were not injured in the accident!

Your posting today raises a question about insurance claims. If your car is
'totaled' did your [or will you] have any problem keeping the wreck for
salvage of the undamaged components?

If a person knew he could keep [or buy back] the wreck then he would not need
to get as much for the car in an insurance claim. For example if fair market
value is, say, $5,000 and the car were totaled could I buy the wreck back for,
say, $1,000 and end up with the wreck and $4,000 cash [to use to acquire a new
chassis]?

Has anyone else had the unhappy experience of dealing with this issue, or any
good/bad stories about insurance companies?

Rob Carpenter
[a poor target as long as I am in the garage]



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