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A big thanks to Pastor Al Brunson of ACTS Body and Paint Shop, and Toby Briggs of Flying Circus English Cars, in Durham NC, for making my Silverstone like new again. Before and after pictures. Insurance wanted to total this car!
What happens if an insirance wants to toal your car but you want it fixed? I heard you have to buy it off them? But I assume you are given the value of the car and you're car and buy it from them for a small amount?
My understanding is that in North Carolina if it’s totaled the insurance company estimate the market value in your location and offer that amount. If you accept they may offer you a buy back price (fewer dollars) estimated based on the salvage value of the car. Problem is if you accept the initial offer the car title is immediately transferred to them and is marked SALVAGE in the state computer. If you now buy it back it still has a salvage title until you get it fixed. Then if it passes a roadworthy test the title is marked SALVAGE REPAIR or something like that. Anyway the title is forever tainted for future resale.
What happens if an insirance wants to toal your car but you want it fixed? I heard you have to buy it off them? But I assume you are given the value of the car and you're car and buy it from them for a small amount?
They should pay you the difference between the scrap value of the car and the value it had before it was in an accident. However you might be better off not even involving the insurance company and instead buy some second hand panels and get them fitted yourself - you keep your no claims bonus and there is no accident damage recorded against your car.
They should pay you the difference between the scrap value of the car and the value it had before it was in an accident. However you might be better off not even involving the insurance company and instead buy some second hand panels and get them fitted yourself - you keep your no claims bonus and there is no accident damage recorded against your car.
Great body
