[Z06] 08 z06
#21
Banned Scam/Spammer
Sorry but it looks totaled. Good luck and I am glad your are ok.
#22
Update on the car... the adjuster came and looked at the car and has the damage up to 25000. Car has still not been jacked up and we haven't seen the damage under it. Do you think it's done ...??
#30
Team Owner
Purely a WAG on my part, but it looks like you're in CA? I believe insurance companies use a formula to qualify a vehicle for total loss...something along the lines of the cost of repairs plus the current scrap value of the car must total up to be equal (or more) than the value of the vehicle prior to the loss.
So in your case, if the car was worth $32K, and the cost to repair is ~$25K, and the scrap value is determined to be $7K+ (I have no idea the true scrap value), it would be a total loss in this scenario.
So in your case, if the car was worth $32K, and the cost to repair is ~$25K, and the scrap value is determined to be $7K+ (I have no idea the true scrap value), it would be a total loss in this scenario.
Last edited by MTPZ06; 03-09-2017 at 12:42 PM.