N
nancie
Guest
What is the name of your state? What is the name of your state? California
I am the original owner of a 1987 Cadillac Eldorado in excellent condition with an ACV of $2,450.
In a parking lot a pickup truck with a trailer hitch backed into the passenger door and tore a 6" hole. The front and back quarter panals were not damaged. Both vehicles are insured and the other parties insurance company has assumed responsibility.
The repair estimate on my car is $1,850 ($350 parts and $1,500 labor). The insurance company says rather than fixing the car they are going to total it and send me $2,450. What are the consequences of them taking this action? Will I have to sign the title over to them? I love my car and want to keep it. Should I say thanks but no thanks and fix it myself? I do want the damages fixed but I also want to keep my car.
I am the original owner of a 1987 Cadillac Eldorado in excellent condition with an ACV of $2,450.
In a parking lot a pickup truck with a trailer hitch backed into the passenger door and tore a 6" hole. The front and back quarter panals were not damaged. Both vehicles are insured and the other parties insurance company has assumed responsibility.
The repair estimate on my car is $1,850 ($350 parts and $1,500 labor). The insurance company says rather than fixing the car they are going to total it and send me $2,450. What are the consequences of them taking this action? Will I have to sign the title over to them? I love my car and want to keep it. Should I say thanks but no thanks and fix it myself? I do want the damages fixed but I also want to keep my car.