Ok, so after school, I back out of my parking space, stop, put it in first, and wham...I get hit in the ass. Needless to say, my rear bumper and bumper enforcer go to shit, and my bumper mounts are bent and fuckled

So, afterwards, I head over to "advanced honda specialists" and chat with one of the guys there. Hes a good friend, and he gets a few guys over to give an estimate, because at this point I was not 100% sure I wanted insurance to get involved. (the other guy's car...an explorer had like no damage) One of the main reasons, the guy that hit me was a buddy.

So the estimate comes to $1,580. The guy also reminds me this is a lower price, because the full labor charge isnt there because he was gonna cut me a break by discounting the labor.
So, as you are thinking I called up the insurance and they will estimate it tuesday at "priority toyota" Even though its a honda accord....whatever


The blue book value of my car (1995 accord, 170k miles great condition) was at ~$3,300

I do realize dealerships cost souls, and I'de imagine their estimate will be around say... 2500 (guessing)

The last time I heard was that totalled meant that the value to repair the vehicle is 2/3 the cash value of the car itself. And, 2.5k is more than 2/3 3,200.

My actual question, is where does "totalled" come in. Is it really 2/3 the value of my car?

And if so, do I get a check for the cash value of my car... And at any point do I lose my car? (as in they pay me for its value, and then take it) My car is still drivable.

Any replies are welcome.
(accident is his fault ;p)


Any, if I do end up getting the 3k check, and/or losing my car...I'm gonna be in the market ;p

 

If they total it you lose the car, and they give you a chk. for value of the car. Pending that you make a claim and that you pay the deductable. I've had 3 totaled cars.. .. I know :P

 

So i can't part my car out real quick? lol


Anyway, when do they "total" it?
2/3 value?
or is there a set value that "totals" it?

 

First what insurence you have, bc i have allstate when i got in my car accident my car was totaled. But it was still drivable, they said they could give me the total amount of my car (2400) or the salvage value which was (2200). So i said shit ill keep my car and keep 2200 dollars. they said if the car is older than 5 years of the current yr(2006 then) it woudln't even go in the system as salvaged. I ws llike sweet so ask them how much would it be to keep the car

 

i think its 2/3 not sure thogh......google it lol

 

My car is a 1995 Accord EX

And I have Geico.
The guy that hit me (and responsible for this) is with Nationwide.
(if that matters)

 

If the damage exceeds 75% of the book value of the car, then the insurance company will total it out. You do have a choice of keeping the car, or giving it to the insurance company, but if you keep it, the it does go on record as a "salvage" vehicle. If you were to ever sell that car and that person was unaware that it had been totalled, then they could have a hard time getting a "clean" title, or let's say they total it, then the insurance company takes a HUGE deduction out for a vehicle that was once totalled.. BTW, some insurance companies DO NOT go by book value...It helps, and they also look at it, but its not the main factor....but they also look at "market value" meaning what other cars your make and model are selling for in the same area, and with the same features as your car. If for some reason your not happy with the estimate, or beleive the adjuster is not being fair, ask for a 2nd opinion from another adjuster at the same company. If you really wan to keep your car, then i would suggest cooperating with the insurance company as fairly as you can, that way neither of you get screwed over. BTW, i am an insurance agent

 

wow allstate gave me 5200 for my 94 accord hahahaha

 

Listen to this guy, he know what he's talkin about. I just dealt w/ a total loss 2 weeks ago and it went exactly like he described. If you have a copy of your insurance policy, get it, read it and make sure you don't get cheated by your company. Oh and also, if you owe on your car (lien/lender), you will not have the option to buy back your car.