insurance question

Village Journals

Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.

Hi all,

just wondering if anyone knows when an insurance company decides to total a vehicle. does it total the vehicle when the price of fixing it exceeds its book value, or when the price of fixing exceeds a certain percentage of the vehicle's value.

ie: damage = $4800, value - 5500. will the ins. company fix or scrap?

Add Comments

Add

Comments on this journal

Good for you F!

hey, htanks for your response. but this company would rather give us money for the car, even tho that was almost $1000 more. crazy.

it really depends on the insurance agency..typically, they want to repair it unless it costs moe to fix the car than the blue book value of the car

Village Journals Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.

insurance question

Add Comments

Comments on this journal

Village Journals

Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.