 "Train Hits Car-Carrier Full of Porsches", ap story, ventura ca |
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| double-a |
 Sep 12 2004, 11:49 PM
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Senior Member  Group: Members Posts: 989 Joined: 15-September 03 From: vancouver, wa, usa Member No.: 1,162 Region Association: Pacific Northwest  |
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| Cap'n Krusty |
Sep 13 2004, 06:56 PM
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Cap'n Krusty Group: Members Posts: 10,794 Joined: 24-June 04 From: Santa Maria, CA Member No.: 2,246 Region Association: Central California |
In CA, if the insurance buys you out of the car, i.e., pays you the agreed value, even if you negotiate to keep the car, it becomes a salvage title car. For example, if your car is stolen and carefully stripped, and you file a claim which exceeds the value of the car (in the opinion of the ins co), they pay you and it becomes salvage, damaged or not. If they pay to fix it, then it MAY remain clear of the salvage title cloud, but they have the option of listing the car as wrecked and rebuilt. Even if the negotiated value on that black car is $75K, IMO the cost of repair is likely to be far higher, leaving the owner holding the bag. The Cap'n
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Posts in this topic
double-a "Train Hits Car-Carrier Full of Porsches" Sep 12 2004, 11:49 PM
TonyAKAVW OH CRAP!!!!
http://forums.pelicanp... Sep 13 2004, 12:37 AM redshift Hey, it's funny. It'll be ok, they were in... Sep 13 2004, 01:16 AM Stutgart46 Not to be totally insensitive here but is there go... Sep 13 2004, 07:36 AM Howard GAF was nice if you like that sort of thing. So ma... Sep 13 2004, 07:51 AM tod914 Ouch. What a waste. The irony is, the driver sti... Sep 13 2004, 08:10 AM double-a ... Sep 13 2004, 02:17 PM Britain Smith How do you walk away from this without crying a bi... Sep 13 2004, 06:24 PM Joe Sharp Old Trailer Queens. If thier owners had control of the... Sep 13 2004, 07:01 PM URY914 |
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