Posted by oldtanker on July 11, 2012 at 17:59:33 from (66.228.255.239):
In Reply to: Why do they do that? posted by rrlund on July 11, 2012 at 08:51:42:
OK as a former adjuster..... If the value of salvage added to the cost of repairs comes within 10% of the value of the car it's a total. Reason being is that someone thinks their car should be totaled and they are told no they will try to sue the insurance company for making them having it fixed rather than the check for a total. Like they get rear ended and then dive the car 50K and the engine fails......they try blaming the insurance company.
It's the lawyer action that makes insurance so expensive. Good example is a woman who was a passenger was injured. She had about used up the limit of liability from both companies. She had a lawyer tell her she could sue. She did and got paid about 3,700 dollars because that was the limit. Funny part was that had she not sued she would have received a check for that amount without having to pay the shyster.
If a vehicle is rare the salvage value goes up. Sometimes way up. Don't take much damage to wind up with a total.
Rick
This post was edited by oldtanker at 18:00:05 07/11/12.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.