Salvage value of this car?
3 May 20102004 Nissan Sentra 1.8S 47K miles bought it second hand in very good shape for 7000.
Yesterday it was hit from the back on the left side of the rear bumper. The impact was so strong that it broke the bumper corner, left it hanging and also raised some metal on the left side inside the cars trunk.
The things that I clearly see damaged and gone are: Rear bumper, left tail-lights and the left portion inside the cars trunk. I have shared some pics here:
http://picasaweb.google.com/me.bani09/My2004NissanSentra#slideshow/5354736761133675010
Its Independence day weekend so I haven’t yet managed to find any technician to give me an estimate.
I have two main questions at this point to help me deal better with the Insurance Appraiser and his body shop technician on Monday in case they determine that this is a very close case of declaring the car a total loss:
- How much do you think the total cost of the repairs would be? (my estimate: 3000-3500)
- How much do you think the salvage value of this car would be? (my estimate, at least: 2000)
Please assume that there’s nothing more significant damage done than those three things I mentioned above.
I just have limited theoretical knowledge of Automobiles and Insurance, this is my first ever accident so guys please help!
Sponsored Links
Related Post :
Other Post :
- Becky has 25/50/10 automobile insurance coverage. If two people received $35,000 each how much will be covered?
- Why can't we have Geiko,State Farm, or Progressive auto insurance in the state of Ma?. ?
- Is automobile insurance valid if. . . . ?
- Progressive Named a Best Place to Launch a Career By BusinessWeek
- Buying A New Car - Insurance & Registration Questions?
- state farm salvage value,vehicle salvage value guides,insurance salvage value,salvage value my car,progressive vehicle estimated value,car insurance paid less than worth of the car salvage -rental -gap,auto salvage value estimates,statefarm vehicle salvage value,auto insurance salvage value,value of a car that does not run
Advertisement
Comment Form
- Entries (RSS)
- Comments (RSS)
- is a spouse a named insured under ontario automobile policy,if i swerved to miss something will my insurance go up,how much does auto insurance cost in mass for long time driver,what if i dont pay my insurance,can you claim for your car if you crash whilst drink driving,seeking compensation from someones insurance company,total loss of a car but keeping it,how much does an insurance estimator make,can child support lien take all of my auto settlement,does insurance pay retail value wreck
About this blog
This is about Auto Insurance Information.
Sponsored Links
Categories
- Auto (668)
- Auto insurance claims answers (667)
- Auto insurance claims expert (122)
- auto insurance coverage (244)
- auto-insurance (897)
- Cars Insurance (1122)
- news (274)
- truck (319)
- Trucks Insurance (155)
- Uncategorized (17)
- Value auto insurance claims (344)
- sarah314: You shouldn't have a problem doing this. I know the health insurance company I used to work for wou [...]
- debijs: ~~They have to pay you, so contact them ands tell them the check is lost. They will stop payment on [...]
- mbrcatz17: No problem. Call the adjuster, tell them to put a stop pay on the check, and they'll issue you anot [...]
- entidtil: First, Since the 4 x 4 was not involved, he is not at fault. You and Me are not the ones who determ [...]
- ♥ Uwish ♥: If the scooterman decides to file a claim on your policy your carrier will contact you anyways. They [...]
- Filing a Auto-Insurance Claim for which I am not claiming?
- Lost insurance check. . . what’re the odd’s I’ll get another?
- Which Florida auto insurance companies have $0 deductibles for glass coverage?
- Where can i get auto insurance for real cheap?
- My vehicle got stolen, can I sue the criminal if caught?
- legal question about auto insurance claim?
- Car accident. What kind of settlement should I expect?
- Fender bender with neighbors car?
- Why do auto insurance companies penalize when the person had a lapse in coverage?
- Lawsuit for medical mis-diagnosis?
3 Responses to Salvage value of this car?
Kenny
May 3rd, 2010 at 3:48 am
Your car will not total. I already looked at the pictures and answered this question for you. It is a waste of time for you to even entertain the idea. You have a perfectly repairable vehicle. They will only total out your car if the damages exceed 70% of your car’s retail value.
Now to satisfy your curiosity, if your car were to be declared a total (which it will not) the insurance company will pay you whatever the full retail value of your car is. If NADA Guides says that your car is worth $8000, then they will pay you $8000. The insurance company takes the car and auctions it off the a salvage company for parts and you start over.
Simple as that.
Jim
May 3rd, 2010 at 4:40 am
Its not that bad body work estimate your in the ball park the car is not a total let the shop look it over.
Michael J
May 3rd, 2010 at 4:51 am
I had a similar bout with insurance on a 95 Toyota 4 Runner. I hit a vehicle in the rear end giving mine a total estimated repair a little over $2800. The value of the vehicle is about $4000. Their estimate is under 70% of the value of the vehicle is what they will repair. Over this and the vehicle is an insurance total. It may run fine every other way but the cost is over 70% of its value. If it were over 80% it is an automatic total and many states will not allow you to buy it back even to rebuilt it yourself without giving it a SALVAGED TITLE. Meaning it was badly damaged and may be too bad to drive again safely. If there was good news for me, I did get mine paid off in the settlement and bought it back from the insurance comp to fix myself with a clear title. The SALVAGE VALUE of a vehicle is what the insurance comp could get for it at a vehicle auction. They don’t want to fix it, just get some of their money back out of it. Scrap dealers are bidding on it for parts only. Hope this helps.