I have an unsual problem and perhpas not so unusual.

I had a sweet 2001 Dodge Cummins that I bought about 8 years ogo totaled, after fixed it was the best truch I ever had, I have never has a serious problem, but, with the Restorred Rebuilt Title the insurance company is devaluing the truck although I paid the same premium any one else would for the same truck with clean title driving record age etc....
why did they fail to mention this up front?

any way, I ran the truck into a wall one snowy morning, I estimated the damage around 800 buck, this was a nice looking truck and very well maintained. Long bed Standard trans and a whopping 352,000 miles and ran like the day I got it.....

well the insurance company totaled it! then they offered me 3700 IF they take the truck and 2900 if I keep it, basically the valued the truck at about 1100....shees
How am I supposed to replace this truck?
I was forced to sell it as it and I got 5000 WRECKED non the less
I still haven;t accepted their offer and my attorney said it would be a great idea and give thenm reason to pay more if I can get a dealers statement or evidence of what a like truck is selling for....

I know I have seen several comparables with Restorred titles selling for 7000,

I am looking for any info such as this or any statement from a dealer as to the estimated value....

anyone got any ideas?
Thanks
Daniel
daniel.l@digis.net


Here is the truck, wrecked, does this look totaled to you?

 

Salvage title is never worth anything close to what a clean title vehicle is regardless of its condition. That's just the nature of the salvage/rebuilt title. You still pay the same premiums in most cases, you just get next to nothing if your truck is stolen/written off.

Why didn't you just take the $2900 and fix the truck for the $800 estimated damage and pocket the $2100?

Obviously laws vary from state to state, but I'd think you could just repair the damages and get it re-certified as a salvage/rebuilt title again?

 

X2 on everything.

 

Sounds easy doesn't it? But they assured me I would not be able to get it insured afterwards.....

Keep in mind for near 10 years I bought and fixed damaged Dodge Cummins from the dealers auction and I was always able to sell them for "Near" the same value as a clean title, I agree that most vehicles might fit the 50% value thing, but the Dodge Cummins just isn't the norm, mine had 350,000 miles and ran like the day I got it. awesome truck.....

Thank you for the reply....

 

I would asked for a settlement offer and kept the truck from being totaled fixed myself and walked away happy......my truck was almost totaled with similar damage so I did a settlement and gave it a new paint job

 

Why do they say you can't insure it again?

 

My truck was bought wrecked, and I am insured

might also be how the insurance company marked the loss on the title.

 

I know in Florida there is a couple different titles for totaled vehicles that's probrably where the OP got screwed

 

If you got enough money, somebody would write out a policy on it lol.

 

Dude take the money and run everyone thinks there truck is worth more it dont matter what you put in to it they dont care its all book! value