re: OT Car Insurance Claim Question

I think you have the numbers backwards. Salvage value may be $1400 so after salvage and deductible you get $7050 and keep the wrecked car. You're "buying back" the car as it sits for the salvage amount of $1400.

There's no way the salvage value of a wrecked Hyundai is worth $7000.


$9490 vehicle value
-1000 deductible
$8490 paid to you and they take the car

$8490 payment to you
-1400 salvage value of wrecked car (aka buying it back)
$7090 paid to you and you keep the wrecked car


ETA Once it is repaired it'll still you'll get a reconstructed title. It'll be worth a lot less should it be totaled again. Personally I'd take the $8490 and not deal with the salvage.