[Spridgets] midget accident update

[Bud Osbourne]

Never a good idea to let the insurance company "total" your car, then
buy it back from them.  First of all, you will have to bid on it, to get
it back, which can be expensive.  Then, when you do get it back, and
repair it, the car will be issued a "Reconstructed" title, which is
fine, if you intend to keep it forever, but very bad if you ever plan to
sell it.  A "Reconstructed" title means you take a big hit, in resale
value.
Bud Osbourne

-----Original Message-----
From: spridgets-bounces+abcoz=hky.com at autox.team.net
[mailto:spridgets-bounces+abcoz=hky.com at autox.team.net] On Behalf Of
Robert Duquette
Sent: Friday, July 25, 2008 7:50 AM
To: spridgets at autox.team.net
Subject: Re: [Spridgets] midget accident update

Wind in your sails perhaps, but you may have been financially ahead if
you 
had let them total it ( What were they offering to pay out initially? );

bought back the car; ( I think it's 10% of settlement ) and fixed it 
yourself and gotten it re-appraised and safetied.

I would guess that they were going to give you $6000, and you would be
able 
to keep the car for $600, leaving you $5400 ( less deductible ).  I
would 
guess that you could get the car back in order and on the road for
$3000?  
You might have been $2400 ahead ... this way, I'm guessing that you're
out 
the deductable??

Anyway that's the way I think ... I'm sure that you have your reasons
for 
not wanting it 'totalled'.

Robert D.