insurance company claims
Can the insurance company of the other party to claim a total loss and in my car?
We got into a minor accident with our Buick 87 and was no doubt the other party's fault. Damages were assessed at $ 1000, but the car has an approximate value for what they are saying they can "total" of our car and take. Is this true? We got into a minor accident with our 87 Buick, and was undoubtedly the fault of the other party. Damages were assessed at $ 1000, but the car has an approximate value, so (the other party insurance) are saying they can "total" of our car and take. Is this true?
Yes, you can redeem your vehicle. However, you can buy again. The claims representative will deduct the salvage value of the settlement. If the LCA is $ 1000 and the salvage value is $ 200, $ 800 if you decide to keep the vehicle.
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