Talk About Cars|A Discussion About Cars, Maintenance and Car Buying
May
02
Filed Under (Insurance & Registration) by Dolores
HaveANiceDay asked:
My car was hidden by another car and 0% of my fault. My car only had outlook need to fix but that still took few thousands to fix it, all paid by other party. That already over 40% of my car total value.
At this situation, will my car become salvage title? Then it is absolute not fair as my car value will drop a lot.
Thanks!
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My car was hidden by another car and 0% of my fault. My car only had outlook need to fix but that still took few thousands to fix it, all paid by other party. That already over 40% of my car total value.
At this situation, will my car become salvage title? Then it is absolute not fair as my car value will drop a lot.
Thanks!
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Comments
doane_nut on 2 May, 2009 at 3:27 pm #
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No, it only becomes a salvaged vehicle if the insurance company declares it a total loss and then it gets repaired by someone else. The insurance company is repairing it, so it won’t be a salvage titled vehicle. The accident will probably still show up on carfax though, so it will still be depreciated.