re: Mechanics/ Adjustors of the OT: Totaled Vehicle options

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This.

Let’s say you get 40k for the truck. Buy back old one for 5k.

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Good luck getting it back for 5k.

This one is up to $17K. And looking at the pictures...looks like an easy fix. miles are low.

LINK

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Also, beware the insurer taking your truck repairing it themselves and selling for a big profit

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Insurance companies aren’t in the business of fixing and reselling vehicles. They’ll take the totalled vehicle and sell it to a junkyard, unless the claimant wants to buy it back. But either way, it’ll have a salvage title, which is going to greatly reduce the value.

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The high value of used cars these days have really screwed up this process.

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Which means the insurance company is going to have to payout a higher value when they total the vehicle too

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Also, beware the insurer taking your truck repairing it themselves and selling for a big profit. The high value of used cars these days have really screwed up this process.

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I have been an auto adjuster for 23 years and I have NEVER heard of this happening. Whenever I have to total a car (which, to answer something brought up by the OP) I always put my eyes on the vehicle before I write any type of estimate. When this vehicle's damages reach 75% of the ACV of the vehicle (typically done through the NADA Split Book value) a total loss negotiation and settlement ensues. If that person's vehicle is a total loss then I either find a local salvage dealer to buy the salvage or I use Copart or I.A.A. to buy and process the salvage. The insurance company, at least any of the companies that I have written for (I am an independent adjuster and have several different companies as clients) has nothing to do with the salvage except that they recover salvage value from a salvage buyer. What the salvage buyer does with the proceeds from the sale is the salvage buyer's business. In other words, a salvage buyer bids on the salvage of the t/l vehicle, the insurance company will then sell the salvage to the high bidder or the salvage company will auction off the vehicle and the high bid proceeds will go to the company. I have never seen or heard of an insurance company finding a shop to repair the total loss vehicle and then selling it at a profit.

But, since I have never seen or heard of this, as it is highly illegal, that doesn't mean someone's brother in law isn't doing it.

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Can I fight the total claim by the insurance? Or have them send out someone to inspect it before accepting what they offer me?

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Let them know you’ve taken it to a shop and their estimate is less than the total loss threshold, and ask them to reinspect. You can provide them with the shops estimate and photos.

If this is the at fault drivers insurance you can also file a collision claim to have your company inspect and provide their opinion. That will give you an additional option(s).

The other company is at fault and they should make your insurer while if you proceed with the collision claim.

Am I missing something or is a rear end collision with no frame damage on a 2 yo Toyota seems odd for a total?

How your neck and back feel?

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Which insurance company are you dealing with?


National General

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Mr. Oneal will be your adjuster , sir. Settlement will be a slam dunk.

Man I hear ya, same shite happened to me in January this year and I think I got f'd. Wasn't my fault but I somehow went from a truck that was paid for, to a used truck with a $500 note. A 2020 truck should have a pretty decent appraisal. State of Louisiana defines a totaled vehicle as a claim 75% or greater of the vehicle worth. From what it sounds like, you don't have close to 75% worth of claim, esp if the frame is not bent. I'd fight it man. Don't get screwed like I did. I know my old Hemi has probably been back on the road, while the insurance company turned a profit.