This is topic Insurance Totalled Car question in forum General Talk at Northern California Ford Owners  .


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Posted by macthizzle (Member # 3492) on :
 
My 2007 Nissan Altima was totalled out by my insurance company but I don't agree with the amount they are giving me. They have offered $10,280 but I think I should be given blue book value since the mileage was at 63,000 miles and was in prestine condition.The car is a California clean tittle but was salvaged in michigan(stolen recovery). How do they determine the value of a salvage vehicle? He will not budge on his offer and I will not accept the offer either. I am losing 1,220, i just purchased the car in january. They do not want to pay for my sound system and clothes,shoes and othe misc things i had in the vehicle
 
Posted by 5.0 LsX (Member # 10017) on :
 
not much you can really do except show them blue book value, and how much other similar vehicles are selling for and hope they budge. less your deductible too, and unless you were paying extra insurance to cover other items in or bought for the vehicle, they will not cover those
 
Posted by Arch (Member # 5177) on :
 
Take his check then switch companies. Then you can ask him if the 1,100$ was worth a life long customer.
 
Posted by Black 02 SS (Member # 5939) on :
 
SALVAGE.

Read again, SALVAGE TITLE.

Read the above again. You are asking too much by wanting CLEAN title value for a previously salvaged car.. Personal property left in the car (like your shoes and clothes) are not covered by your auto insurance, this would fall under homeowners/renters insurance but unless it was a HUGE loss I wouldn't say its worth claiming.

Did you disclose the additional sound equipment when you purchased the policy and pay the extra premium to cover the aftermarket stuff? Without it the policy contract is only required to pay for the car as it came stock.

On average salvaged cars usually are valued at 50-70% of a clean titled equivalent car but I'm not a claims adjuster so I couldn't tell you for certain.
 
Posted by macthizzle (Member # 3492) on :
 
does the salvage tittle matter? I have a clean tittle pink slip in hand
 
Posted by Black 02 SS (Member # 5939) on :
 
quote:
Originally posted by macthizzle:
does the salvage tittle matter? I have a clean tittle pink slip in hand
Insurance companies have access to a database, I thine LexisNexis, which with the simple VIN will let them know it carries a salvage title. Not sure if it works for cars outside of CA too, but I know that's the case here.
 
Posted by wilit (Member # 3367) on :
 
Just went through this with a totaled car. What State Farm did was value my car based on comparable cars for sale in my area. Luckily for me, everything they looked at was selling higher than blue book. They then adjusted the price based on the condition of my vehicle. They then added in the price of tax, license, etc. So I ended up getting a little less than double what blue book was for my Ford Escape.

In your case, however, the salvage title really hurts the value. Figure 15%-20% below market value. Ask them to send you paperwork detailing how they determine the value of your car.
 
Posted by SwEeT03Gt (Member # 10283) on :
 
quote:
Originally posted by macthizzle:
does the salvage tittle matter? I have a clean tittle pink slip in hand
how does it have a clean title in CA and a salvage title in MI? a title follows the car anywhere its sold for, sorry im just confused with the 2 title thing

edit sorry, how was it salvaged in MI and still carry a clean title? did you never get a new title? with the corrected info in the rectangular box on top right corner?

[ 2013-07-02, 06:24 PM: Message edited by: SwEeT03Gt ]
 
Posted by FiveTenGT (Member # 11311) on :
 
Once its salvaged its salvaged bro vin and insurance companies have acces to all records whoever previously owne the car already got cashed out if i heard it was ca clean title and mi salvage i wouldnt even have bought it but thats just my opinion
 
Posted by losbadgts (Member # 4394) on :
 
10k for salvage title altima. Fuck thats a good deal to me. But again I went trough that before. And blue book value is nothing now a days. Its base on sale in your area like it was said above.
What u could do it take stuff from your car thats good and sale it on the side.
 
Posted by Cobra 93-4992 (Member # 4992) on :
 
Some cars make it thru DMV in ca as clean title. I bought a salvage in nv registered it in ca came back clean.
 
Posted by hidnn.o.s. (Member # 1219) on :
 
Was the car salvaged prior to this accident?
 
Posted by macthizzle (Member # 3492) on :
 
quote:
how does it have a clean title in CA and a salvage title in MI? a title follows the car anywhere its sold for, sorry im just confused with the 2 title thing edit sorry, how was it salvaged in MI and still carry a clean title? did you never get a new title? with the corrected info in the rectangular box on top right corner?
IDK how that was possible. I didn't carfax it that was my mistake. The california pink slip doesn't have anuthing in the history box.

quote:
Was the car salvaged prior to this accident?
my california tittle doesn't say "salvage"
Car was never in an accident it was a stolen recovery. Insurance sent me the vehicle history. My car was set on fire, according to the police it was called in as an explosion. Had "XIV" scrapped on the car.


Part of the reason I wont settle the adjuster is an asshole, doesn't return my calls, didn't talk to me about the offer he just sent me paperwork and told me to sign and send it back. I have rental car coverage through my insurance its 10days/$250 max he called me on the 7th day told me to return the car but I was working a late shift, it was impossible to return it that day. I was charged $52 for the 8th day. I tell him that I don't agree with the offer, he says send me adds of cars in your area that are the same year and approximately same mileage. I did that. Lowest I found was 13,200 same mileage clean tittle. Its bristol west insurance. I should've stayed with AAA.
 
Posted by fredfifty (Member # 10320) on :
 
quote:
Originally posted by macthizzle:
does the salvage tittle matter? I have a clean tittle pink slip in hand
cant hide the stolen/recovery from the carfox
 
Posted by Don57 (Member # 8518) on :
 
I would take the money and run. If they investigate and find out the car is a salvaged, you'll be lucky to even get $500 out off them.
 




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