Quick easy question , if you get in a wreck or a tree falls on your vehicle and you take it to a body shop as referred to by insurance company . And it’s deemed totaled who gets vehicle or who has first option to purchase it , thanks !
I could have worded that differently . I know the insurance company that pays for it would own it . I was curious who gets the opportunity to purchase it from them . I think you answered that also , thanks .Insurance company. Most the time they have a buyer who gets several at the time.
Just what I’ve heard. Every case can be different.
Standard process - Insurance company will pick it up and auction it off.Quick easy question , if you get in a wreck or a tree falls on your vehicle and you take it to a body shop as referred to by insurance company . And it’s deemed totaled who gets vehicle or who has first option to purchase it , thanks !
along those lines make sure you file a claim for diminished value after said claim is settled.Quick easy question , if you get in a wreck or a tree falls on your vehicle and you take it to a body shop as referred to by insurance company . And it’s deemed totaled who gets vehicle or who has first option to purchase it , thanks !
Yes , got a call from insurance Friday. They did total it . Adjuster said nothing was bad just the damage was all over . If they’ll sale it back at the right price I may try to purchase it . I’ve been told it’s aggravating getting it back on the road so we’ll see .Ant I’m sure you know this but, totaled doesn’t always mean the car isn’t repairable. It means the cost to repair exceeds a set percentage of the value of the vehicle.
Example
Vehicle value $20k
Repair cost $15k
= totaled.
Yes , got a call from insurance Friday. They did total it . Adjuster said nothing was bad just the damage was all over . If they’ll sale it back at the right price I may try to purchase it . I’ve been told it’s aggravating getting it back on the road so we’ll see .
Yes, EXTREMELY aggravating if the vehicle was registered and you live in GA. You can thank your state legislators who had the car repair and dealership industries in their pockets for those laws that got passed a few years ago. The same GA legislators responsible for the law requiring any person buying a used car from a private party to pay the "value tax" before they can register it.Yes , got a call from insurance Friday. They did total it . Adjuster said nothing was bad just the damage was all over . If they’ll sale it back at the right price I may try to purchase it . I’ve been told it’s aggravating getting it back on the road so we’ll see .