Varnell
Well-Known Member
Alright, so I've never totaled a car until now and I'm not quite sure the best way to do this. I had an adjuster come out and tell me it would be totaled and I'd get $2,900. That's pretty generous considering the KBB for a 1998 Sedan i4 LX in excellent condition is $2,250.
The insurance company is telling me to give them my receipts, since I've spent over $11,000 on the car in the three years I've had it. If I claim those, can I take those parts off before I salvage it? Or should I just take the $2,900 and switch the parts to my 2002 coupe that I just bought for $2,400. I'll be losing out on all the money I spent on installations. I'll be in the red by about $1,000 for a wreck that wasn't even my fault.
I have full coverage, but I didn't have any modifications endorsed. The adjuster basically said spending money on your car isn't an investment (which I knew, but I didn't think it would count for nothing, either). I'm sure this thread can be a good resource for anyone that finds themselves in a similar situation in the future.
The insurance company is telling me to give them my receipts, since I've spent over $11,000 on the car in the three years I've had it. If I claim those, can I take those parts off before I salvage it? Or should I just take the $2,900 and switch the parts to my 2002 coupe that I just bought for $2,400. I'll be losing out on all the money I spent on installations. I'll be in the red by about $1,000 for a wreck that wasn't even my fault.
I have full coverage, but I didn't have any modifications endorsed. The adjuster basically said spending money on your car isn't an investment (which I knew, but I didn't think it would count for nothing, either). I'm sure this thread can be a good resource for anyone that finds themselves in a similar situation in the future.
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