One caveat, though. The insurance company will usually report the settlement to the DMV. Then the DMV sends a letter demanding the title. If you want to repair and re-title the vehicle, the title will be marked as a rebuild.
YMMV by state.
Rich S.
Technically it is not totaled but to repair it completely would have been almost $5K. The book value of the truck was $4500 and that was the first offer but they would take the truck. As car payments did not fit into the boat building buget I got him to reduce the settlement to $4000 and not total it. I fixed it well enough for my purposes for $295 and a visit to the junk (excuse me, recycling) yard.
Besides, I spend most of my time > Larry Jaques wrote: You lucked out. They usually demand salvage rights when
"Ed Huntress"
and this might be worse...A bum shuffles up to a guy in the street and asks if he can spare 50 bucks for a cup of coffee. " Get out. A cup of coffee doesn't cost 50 bucks ! " the guy replies. " Yeah, says the bum, But I like to give big tips ".
( Yuk Yuk )
Dean.
We operate Cessna airplanes. They are famous for unpredictable pricing. I ordered six baggage tiedown fittings: a small hinge-like device made of maybe 16 Ga steel, with a 1/4" hole for a bolt in one side and a rectangular slot in the other for the tiedown clip. Looks like maybe $5 or so. Invoice I got said $167 EACH. I nearly died. They're going back for sure. I'm sure I can find something else just as good and still legal...
Dan
On Fri, 24 Oct 2003 14:13:30 +0800, "Dean" brought forth from the murky depths:
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Coming from a corporate world that sold spare parts from supplies, backplanes boards, diodes, even resistors. Some customers never think when ordering.
The issue I ran into once being called to lead from Field Engineering into Marketing product development - markup. Minimum value...
e.g. buy one resistor for 2.00 or buy 100 of them at the same price. Likely the min part number price was $x.xx + (1.5)*cost ..... in other words, under certain conditions the adders are most of the cost. As the cost rose, the adders drop. But the margin is always high.
Martin
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