Marty,
I accidentally deleted your original post.
I am a bit confused as to what you have asked about the insurance company
and the value of your car. I assume you have insured with one of the
companies
specializing in collector cars. As I see it, one of two things are going to
happen. Either the cost of repairs is going to be less than the declared
value and the car will be repaired (you will be made whole, as Randall has
pointed out) or the cost of repairs will exceed the definition of total and it
will be declared a total loss and you will be paid out the declared value.
The car will now have a salvage value. I have known this to happen in the
past
(I have not done it) where you buy the car from the insurance company for
the salvage value which will be considerably less than the declared value
(hopefully). Go to RATCO buy a frame and make yourself a new car.
I think your concern about CarFax is overstated.
Where I have known the owner to buy for salvage value, the insurance company
was delighted as they had very little to deal with in terms of a totaled
car. Money changes hands and the insurance company walks away without having
to
dispose of the car. Maybe different insurance companies view this
differently but I have seen this happen.
There must be a lister with experience in this.
BTW I am sorry. This must be misery.
David Lylis
69 TR6 CC26160L
60 TR3A TS74461LO
**************Know Your Numbers: Get tips and tools to help you improve your
credit score.
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