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Claims adjuster is saying my truck may be totaled it has a rebuilt title how much can I expect to loose Do you receive wholesale trade in or retail value minus the for rebuilt title?
Wiki User
∙ 15y ago
I cannot answer your question but I do know that insurance companies use "fair market value" which means they can use the fact it has a rebuilt title in their concideration. If you do not agree with their estimate you can appeal it (may require a court visit)
Wiki User
∙ 15y ago
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What is the definition of totaled?
used of automobiles; completely demolished; "the insurance adjuster declared the automobile totaled"
Rebuilt title mean?
It means the car was totaled by an insurance company and rebuilt (to hopefully roadworthy standards!)
How do you determine a cars value after an accident in which the adjuster says is totaled?
Ask a salvage yard what they will pay for it.
How do you get an estimate of what Geico adjuster will give you for your totaled vehicle?
Try to get value of vehicle at: Nada.com Autorader.com Kbb.com
Can you rebuilt a totalled car?
You can, but totaled means "not worth repairing". You will spend more money repairing a totaled car than you would buying a new one.
Are used car dealers required to inform buyers if car has been wrecked?
No, only if it has been totaled and has a rebuilt title.
How many points will you get if you had a car accident and it totaled your car but you did not receive a ticket and insurance did not have to pay?
If you didn't receive a ticket, then you won't get any points.
Does any auto insurance in Florida cover car with rebuilt title?
I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.
If insurance declares a car totaled can you cancel the claim and keep the car?
You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.
Can the owner keep a car that is totaled but is still operational?
Usually you can, you can buy it back from the insurance company for a "salvage" price, you will then have a salvaged title and wont beable to insure the vehicle with full coverage any longer only liability. Talk to the adjuster about it.
How you find out what damage caused a vehicle to be given a salvaged title?
Normally if the estimated damaged is to the point that the repair would be 80% of the cost of replacing the vehicle, it is totaled, and sold for salvage. When a vehicle is rebuilt and put back on the road, a record of repairs may or may not be given to the state. Check with your DMV or County Court Clerk and see if they can provide this information. Better yet, leave any vehicle such as this alone. It is always a gamble with a rebuilt vehicle, especially one that was totaled. I would never buy such a vehicle.
How long can they keep your car in repair before deciding it is totaled?
Generally 7 days would be a reasonable time frame for inspection. This would allow time for the insurer's inspector/adjuster to come and survey the damage. Notice should be sent to you immediately.
