Car Insurance Question

[Donttellmeshowme]

Daughter was involved in an accident. It wasnt her fault. The car is a 2007 Honda Accord with 95K miles. Car is valued at 9K. They came out and said the car was totaled. But the car is fixable and the body shop said he can fix the car with after market parts and prices for around 5-6K. So my question is:


1-If they give me a check for 9K can i fix the car and keep the car or do they issue me a check for 9K and the car is now theres?


2-If i tell them i can fix it for 6K will they cut me a check for 6K i fix the car but it will still be a salvagable title correct?

[lamboguy]

sometimes you can make a deal with the insurance company to buy the car back from them for a very small price. the most important thing is that you don't have to get a salvage title. because if you do, you might have to get the car inspected by the state police and the record will stay with your car.

i went through the process this year with GEIKO. i have a 1997 Buick Lesabre. a sheet of ice came off the roof of my house and went through the windshield and wrecked the dashboard and hood. i got paid $2400 from them and bought the car back for $225. i had to fix the windshield which cost $275 and didn't bother fixing anything else.

i hardly drive this car, if i have to take a long trip i go in my wife's brand new car that i bought this year.

[Donttellmeshowme]

sometimes you can make a deal with the insurance company to buy the car back from them for a very small price. the most important thing is that you don't have to get a salvage title. because if you do, you might have to get the car inspected by the state police and the record will stay with your car.

i went through the process this year with GEIKO. i have a 1997 Buick Lesabre. a sheet of ice came off the roof of my house and went through the windshield and wrecked the dashboard and hood. i got paid $2400 from them and bought the car back for $225. i had to fix the windshield which cost $275 and didn't bother fixing anything else.

i hardly drive this car, if i have to take a long trip i go in my wife's brand new car that i bought this year.





So if they give me check for 9K they take the car and i can buy it back from them for a small fee?

[iceknight]

So if they give me check for 9K they take the car and i can buy it back from them for a small fee? the key phrase is:
"sometimes you can make a deal with the insurance company". So it probably depends more on the conversation and what they might perceive as their liability etc..it isn't a given...plus they might have their own set of folks who try to have first dibs at cars like these..

[TJDave]

So if they give me check for 9K they take the car and i can buy it back from them for a small fee?

There's a market. It's not like they write the car off and have it towed away. If it's worth 1,000 and you offer less then probably not. If you are a good customer that makes a difference, as well.

[JustRalph]

I bought a totaled car back from Allstate back 2003. They paid me the book value and gave it back to me for $225. I'm told that it all depends on the value of the vehicle in the junk yard. Sometimes they won't do the deal because there is a good market for parts on some models.

I didn't get a salvage title either. Just sold it for parts myself. If I remember right I got $900 as a parts car

[davew]

Who's insurance company are you dealing with? your daughters or the person who caused the crash?

You need to ask that insurance company - tell them you really like the car and want to keep it - they usually cut you a check and remove the 'comprehensive' from the policy.

Who said car is worth 9K?