Posted by Sure-Net.com on July 09, 2002 at 04:01:38:
In Reply to: 81 Corvette posted by Jim on July 08, 2002 at 21:48:39:
In a nutshell a total loss is one where the estimated repair cost, less the salvage value, exceeds the value of the vehicle. You may want to have a hand in establishing those three factors. If in the end you decide to accept a settlement based on total loss, you may want to do a search on this site for "total loss" for several references and rules on total losses. Have you filed a formal claim? You may want to look at:
Subject:
Comments:
Optional Link URL:
Link Title:
Optional Image URL: