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SVTPerformance's Chain of Restaurants
Pics and Videos Buffet
Well that didn't take long
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<blockquote data-quote="Nightmare302" data-source="post: 15825531" data-attributes="member: 14127"><p>The difference between what it's worth before and after the wreck is diminished value. If it is filed under the OTHER companies insurance (be it through yours for subrogation or directly them) you can and should file for this. This eliminates the entire issue of "Carmax" and your company stepping in. </p><p></p><p>No one "decides" to total or not. Your state has a limit of damage to value that when exceed dictates if a vehicle is totaled or not, nothing else. </p><p></p><p>You have two options if everything you said so far is correct. </p><p></p><p>1.) Have car repaired, pocket diminished value and drive the car. </p><p></p><p>2.)Have car repaired, trade in, use diminished value check to offset negative equity.</p><p></p><p>These are the only options you should be looking for based on the info given.</p></blockquote><p></p>
[QUOTE="Nightmare302, post: 15825531, member: 14127"] The difference between what it's worth before and after the wreck is diminished value. If it is filed under the OTHER companies insurance (be it through yours for subrogation or directly them) you can and should file for this. This eliminates the entire issue of "Carmax" and your company stepping in. No one "decides" to total or not. Your state has a limit of damage to value that when exceed dictates if a vehicle is totaled or not, nothing else. You have two options if everything you said so far is correct. 1.) Have car repaired, pocket diminished value and drive the car. 2.)Have car repaired, trade in, use diminished value check to offset negative equity. These are the only options you should be looking for based on the info given. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Pics and Videos Buffet
Well that didn't take long
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