This was a total back in October. "01, 200K miles. Your damage looks very similar.
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what did they value it at?This was a total back in October. "01, 200K miles. Your damage looks very similar.
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what did they value it at?
How do they even assign these values? every truck in my year mileage and condition is between 9k and 12k$8K.
Collision shop thought it was totaled because of the radiator support being bent. He said it would add $7-800 to cut out and re weld the new one in. He said it MIGHT make it just under total loss, but I should hear by Monday at the latest.
I even asked them if they would let me pay them out of pocket to fix the bent radiator mount and then I would fix the rest and they wouldn't even do that. Will shops only fix s*** through insurance? I don't get it.
Insurance pays more and the shop knows that they will get paid. There is probably some liability issues with having more than one person paying for both the shop and the insurance company.
The scenario I was giving him was the truck was totaled, so I paid for them to repair (using money left after buy back) only the bent radiator mount and fender. I would replace the lights, bumper and grill myself. I was surprised they wouldn't do that.
The scenario I was giving him was the truck was totaled, so I paid for them to repair (using money left after buy back) only the bent radiator mount and fender. I would replace the lights, bumper and grill myself. I was surprised they wouldn't do that.
Probably because the body shop has to sign off with the insurance company that everything was repaired and the vehicle is back to the "original" condition. That is what the insurance company goes off of in order to continue insuring your vehicle. If the insurance company found out the body shop signed off on it and it wasn't completely repaired (because you slacked off on the repairs you said you would do), the body shop would be on the hook for it. To much of a liability.
I don't see how the insurance company would care once the car is sold with a salvage or rebuilt title
I hadn't thought of that.....I meant if they provided enough money up to the "total" amount and he chipped in on the rest of the repair. That way it wouldn't be totaled and he wouldn't have to go through the battle with the insurance company.
Actually, the correct terminology is "Agreed Value." "Stated Value" won't guarantee you get the full amount:A "stated" value is one in which you and your insurance company agree beforehand on the value of the vehicle in the case of a total loss, and your premium is set accordingly.
It seems the real conclusion to the story is we all need to stop crashing 100's because they are way more valuable alive than dead. Sorry about the total loss OP. Looking at your first pictures the hood is definitely bent up. It would just be easier to find a recycled part and paint to match than try to beat it straight again. Never accept the first offer. Go back and fight for more. Note that they will only use your model year for comps. They will just use their own metrics to determine value for things like your low mileage compared to another 1999 for sale with 280K miles. They just kind of go "Well that one is advertised for $6500 but because you had lower miles you got a $600 allowance for that". How they pin the value of 100K fewer miles (and ten less years worth of driving) at $600 is them playing a game where they make their own rules. It sucks to no end. Every insurance company is trash.
They valued it at $7,100 based on the comps they got.