Posted by oldtanker on July 11, 2012 at 17:59:33 from (66.228.255.239):
In Reply to: Why do they do that? posted by rrlund on July 11, 2012 at 08:51:42:
OK as a former adjuster..... If the value of salvage added to the cost of repairs comes within 10% of the value of the car it's a total. Reason being is that someone thinks their car should be totaled and they are told no they will try to sue the insurance company for making them having it fixed rather than the check for a total. Like they get rear ended and then dive the car 50K and the engine fails......they try blaming the insurance company.
It's the lawyer action that makes insurance so expensive. Good example is a woman who was a passenger was injured. She had about used up the limit of liability from both companies. She had a lawyer tell her she could sue. She did and got paid about 3,700 dollars because that was the limit. Funny part was that had she not sued she would have received a check for that amount without having to pay the shyster.
If a vehicle is rare the salvage value goes up. Sometimes way up. Don't take much damage to wind up with a total.
Rick
This post was edited by oldtanker at 18:00:05 07/11/12.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
... [Read Article]
Latest Ad:
Nice Marvel Schebler DLTX 8 bronze body carburetor For 1934-1936 unstyled A tractor.Serial No.410000-42850. All restored and ready to use.
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.