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Old 07-12-2012, 07:14 AM   Topic Starter
El Jefe El Jefe is offline
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Is anyone on CP in the automotive insurance industry?
Sorry to make this thread, but I knew if I posted this in my cutlass thread not everyone would see it. Anyways, if you are in the insurance (automotive specifically) side of business, I would like to ask you a question.

My car got keyed. The body shop came back with an estimate and told me they will most likely salvage the car out. I can either take the money and let it be salvaged (Will not happen) or I can take their money, buy the car back with a salvage title and then pay the difference for it to be painted.

My question is; would I be able to accept under what they offer, then not get the salvage title and pay the extra to get it painted?

I am not willing to part with the car, and this place that estimated it does immaculate body and paint work, and they are cutting me a heck of a deal do to our business relationship, and they are just trying to help me out a little bit. So if I take it from them, I will never get a paint job of that quality for that price, so I don't want to do that. I would love not to have to get a salvage title and deal with that mess.
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Old 07-12-2012, 07:46 AM   #2
HayWire HayWire is offline
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Not with the estimate you gave them, if you get a cheaper estimate that will not total the car they can pay that ammount and you can cover the rest. They can't just give you a lesser ammount and not salvage the vehicle because of paperwork/legal issues.
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Old 07-12-2012, 08:07 AM   #3
El Jefe El Jefe is offline
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Quote:
Originally Posted by DJKid View Post
Not with the estimate you gave them, if you get a cheaper estimate that will not total the car they can pay that ammount and you can cover the rest. They can't just give you a lesser ammount and not salvage the vehicle because of paperwork/legal issues.
I was afraid of that. I think I will have to go the salvage route. I know that I cannot get as good of a paint job as I will get with this company for the price they are giving me.

Thanks for the post and info my man
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Old 07-12-2012, 08:28 AM   #4
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Quote:
Originally Posted by El Jefe View Post
I was afraid of that. I think I will have to go the salvage route. I know that I cannot get as good of a paint job as I will get with this company for the price they are giving me.

Thanks for the post and info my man
You can still get the good paint job and keep the car from being salvaged if the insurance company pays the money directly to you.

Just making up numbers,if the cars value is 5000 and original estimate is 6000, car is "salvaged". If you get an estimate from low end body shop that is 4000 they will pay that ammount and car is not salvaged. If they pay money directly to you and not body shop you can cover the 2000 difference and still have a "clean" title. It will cost you more but the cars value will be more. Hope that helps.
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Old 07-12-2012, 10:53 AM   #5
El Jefe El Jefe is offline
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Quote:
Originally Posted by DJKid View Post
You can still get the good paint job and keep the car from being salvaged if the insurance company pays the money directly to you.

Just making up numbers,if the cars value is 5000 and original estimate is 6000, car is "salvaged". If you get an estimate from low end body shop that is 4000 they will pay that ammount and car is not salvaged. If they pay money directly to you and not body shop you can cover the 2000 difference and still have a "clean" title. It will cost you more but the cars value will be more. Hope that helps.
Intriguing, thanks man!
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Old 07-12-2012, 10:57 AM   #6
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Quote:
Originally Posted by El Jefe View Post
Intriguing, thanks man!
You're welcome, but keep in mind that if you never plan on getting rid of the car the "salvaged" title has no bearing on you but if you end up going with the salvaged title the cars value is diminished a shit ton. A minor fender bender on a car with a salvaged title will total it immediately since it has little value anymore.
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Old 07-12-2012, 08:29 AM   #7
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Quote:
Originally Posted by DJKid View Post
Not with the estimate you gave them, if you get a cheaper estimate that will not total the car they can pay that ammount and you can cover the rest. They can't just give you a lesser ammount and not salvage the vehicle because of paperwork/legal issues.
This post is pretty much correct. If the car is totaled, the decision to salvage belongs to the insurance company. The only way to avoid salvage is for the estimate to be low enough so that they don't total the car.
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Old 07-12-2012, 08:18 AM   #8
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How much money are they offering you? How much is the body shop charging you?
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Old 07-12-2012, 09:45 AM   #9
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Sounds like you need to have your paint company give you a lower estimate that you can submit to insurance, but yet still charge you the original estimate when you get the repair done.
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Old 07-12-2012, 10:52 AM   #10
El Jefe El Jefe is offline
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Quote:
Originally Posted by cookster50 View Post
Sounds like you need to have your paint company give you a lower estimate that you can submit to insurance, but yet still charge you the original estimate when you get the repair done.
That would be nice, but no way they will do that.
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Old 07-12-2012, 10:59 AM   #11
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If you plan on keeping this car forever, what difference does it make if it has a salvage title?
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Old 07-12-2012, 11:03 AM   #12
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Quote:
Originally Posted by Bugeater View Post
If you plan on keeping this car forever, what difference does it make if it has a salvage title?
It won't make a difference unless there in another claim. Once the title is salvaged its for the most part uninsurable. If it was worth $5,000 before then it's worth next to nothing with a salvaged title, all repairs would have to be made out of pocket instead of threw insurance.
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Old 07-12-2012, 11:08 AM   #13
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Originally Posted by DJKid View Post
It won't make a difference unless there in another claim. Once the title is salvaged its for the most part uninsurable. If it was worth $5,000 before then it's worth next to nothing with a salvaged title, all repairs would have to be made out of pocket instead of threw insurance.
Ah, I see. But from what it sounds it's basically not worth insuring even with a clean title.
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Old 07-12-2012, 11:13 AM   #14
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Originally Posted by Bugeater View Post
Ah, I see. But from what it sounds it's basically not worth insuring even with a clean title.
It was keyed pretty bad from the pics I saw in another thread, plus I believe he said they got some of the glass too. It wouldnt take long to run into a good chunk of change if you replace all the damaged parts and give it an A+ paint job. Plus with the way todays autos are made most mechanics are well schooled and educated which equals big bucks to work on any vehicle.
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Old 07-12-2012, 11:20 AM   #15
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Originally Posted by DJKid View Post
It was keyed pretty bad from the pics I saw in another thread, plus I believe he said they got some of the glass too. It wouldnt take long to run into a good chunk of change if you replace all the damaged parts and give it an A+ paint job. Plus with the way todays autos are made most mechanics are well schooled and educated which equals big bucks to work on any vehicle.
Yeah I saw the pics too. My point is, if the car has so little value that they're wanting to total it out on this, the same thing is going to happen if it gets major damage again. I don't see what he has to gain by keeping the title clean.
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