Have you considered taking the 2900, pocketing it, and parting the truck out or selling it?

 

So you sold your totled truck for 5000 and the insurance company is giving you 2900. That's $7900 you should be able to buy a pretty nice truck with $7900 cash

 

I'm confused? with that statement... if they offered you 3900 they valued it at 3900 not 1100... they estimated the value to them keeping it at 1100...that just means thats all they can get out of it according to their bean counters...
They are worth much less once they have a rebuilt title..(B grade refurbished goods at that point) This is nothing new...you could do a total restore and it still wont be worth as much...There's isnt always logic in it and it sucks sometimes but thats the way it is... thats why its there..and why things like carfax exist.

 

Word. That's why you used to be able to buy light salvage vehicles "cheap" and put them back on the road for pennies on the dollar. Nowadays, the salvagers are charging a fortune for salvage vehicles, but only late-models. You got more than I figured you would. My understanding on rebuilt titles is you can't get any replacement value, just liability.

 

I have full coverage on my truck with the salvage title. Actual Cash Value minus my deductible

 

we got my girlfriend a 99 wrangler the other day put full collision on it...they dont even want to see pictures, why? because its too old... the slightest accident and they will just total it...

 

My wife's old car we financed had a R-title, fully ensured through State Farm, no issues...

I sold it privately and the guy was a mechanic/body technician, so he didn't care about the prior accident.

Something just does not make sense... not sure if you misinterpreted what they told you or they are wrong...

 

Actually, they don't use book value any more they use what is called CCC.
I have found enough evidence for the insurance company and they are reconcidering.....

Sorry but I'm not one to just lay down and die.....

Thanks for the replies....

 

That is good news! There has got to be a way that you can get it fixed, or they pay you more for it!

Let us know how you make out and what the outcome is!

Brad

 

Yeah Its CCC Pathways, Its just an estimating software with a huge data base of just about every car. Every car has a base value based on the vin. Then you put in the milage and other features and the value adjusts accordingly. Some companies use software by Mitchell International. All I can say is fight them. Never except their first offer. They are all out there to make a profit. You can even fight the total loss. Ive seen a truck been tagged as a total loss 3 times. The customer kept fighting and they eventually fixed the truck. Same goes with there cash offer. They always lowball you, some insurance companies more than others. Allstate is one company that will f*ck you over reguardless if your getting your car fixed or if its a total loss.