Hi everyone,
My car (about 93,000 miles) sustained some hail damage this summer, so about three months after it happened I decided to take it to my insurance company so I could file a claim. Literally on the same day, my engine started acting up, so I had the car towed home.
So, the next day I get a call from the claims adjuster. He told me that my car was a total loss due to the hail damage, and that I had two options: 1) The insurance company gives me a sum of money, and I keep the car with a salvage title, or 2) the insurance gives me a larger sum of money (42% more than what they would have given me to keep the car with a salvage title), and the insurance company takes the car off of my hands, possibly to sell it at auction.
I want to get rid of the car, because if I keep it with a salvage title I will not get as much money, and I would be stuck with the car.
Should I keep the car or get rid of it?
Thanks!
My car (about 93,000 miles) sustained some hail damage this summer, so about three months after it happened I decided to take it to my insurance company so I could file a claim. Literally on the same day, my engine started acting up, so I had the car towed home.
So, the next day I get a call from the claims adjuster. He told me that my car was a total loss due to the hail damage, and that I had two options: 1) The insurance company gives me a sum of money, and I keep the car with a salvage title, or 2) the insurance gives me a larger sum of money (42% more than what they would have given me to keep the car with a salvage title), and the insurance company takes the car off of my hands, possibly to sell it at auction.
I want to get rid of the car, because if I keep it with a salvage title I will not get as much money, and I would be stuck with the car.
Should I keep the car or get rid of it?
Thanks!
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