FYI be prepared for your check to be something like $500-700 less than that value because you have to effectively buy the truck back from the insurance company for the scrap cost. At least this is how it works in CA. so basically you agree to take the cash value of the vehicle, they pay you and now they own the vehicle. Then you buy it back for the flat scrap cost. But in my experience they just deduct that cost from the payout and cut you a check for the net dollar amount.
The salvage cost ($3,000) is already deducted from the settlement they offered me. They originally told me the salvage cost to buy it back would be $4500, but would “reduce it as a courtesy because the truck was so well maintained.”
Additionally, in all the going back and forth with the total loss adjuster, we both completely forgot about the tax, which they “wanted me to pay.” It has been a few weeks now and I think they really want to close the case. Anyway, I got them to send me the offer letter, in writing, and I was holding on to it while I thought about it.
A few hours later I received a NEW offer letter which subtracted the taxes, reducing the settlement amount. No explanation, just “here is the offer we discussed”.
So I promptly responded to their first offer which excludes the taxes and told them I was accepting this one (more money for me!)
They agreed, and said they will process the settlement payment.