I had the same thing happen to me about 9 years ago. I bought the car from
the insurance company for $500 and I just kept my original title. Actually
the way that it worked was they just gave me $500 less and they let me keep
the car. They said that $500 was the going rate for a "parts car".
Kevin Brown
Odessa, MO
"Andrew B. Lundgren" wrote:
> I was in a wreak last week, I mentioned it on the list. I came over a
> hill and found traffic stopped in front of me. I braked, but there was
> just not enough room. I went under the back of a Tacoma.
>
> My agreed value with Hagerty is $5000. The appraiser said that if the
> repair gets within 75% of that ($3500) then the car will be totalled.
> I am at about $3300. He said that is close enough to call it dead. I
> haven't heard from the insurance company yet however, but he is
> probably right as he has experience in this and I do not.
>
> If they total it and write me a check for $5000, I have heard that I
> can buy the wreaked car back from them. (Which I need to do because I
> have some $ in it I want back.) What should I expect to pay? I paid
> $500 for a parts car where I got the engine and tranny that are in it
> today just a few months ago. Will the title be a salvage title at that
> point? Can I get it reinsured if it is a salvage title?
>
> I am pretty sure I can get the car back together again, but for $4000 I
> can probably get a pretty nice B to replace it. Especially since it is
> winter time here now.
>
> What does the heritage body shell go for? Where can I get one?
>
> --
> Andrew Lundgren
> lundgren@byu.net
> http://www.itwest.net/~lundgren
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