Total Loss?

[JayG]

If they total out the car, they are effectively buying the car from you and title goes to them. If they then sell it to you as salvage, then I would think that they have to list it on title as salvage.

Now that being said, I had a car that was rear ended and when I settled with the insurance company (other persons company) I asked them to adjust the amount paid to me to cover the "salvage" amount and since title never changed, the title stayed with me as clean title

[alanqning]

Originally Posted by JayG

If they total out the car, they are effectively buying the car from you and title goes to them. If they then sell it to you as salvage, then I would think that they have to list it on title as salvage.

Now that being said, I had a car that was rear ended and when I settled with the insurance company (other persons company) I asked them to adjust the amount paid to me to cover the "salvage" amount and since title never changed, the title stayed with me as clean title

I would be settling also, and adjust the salvage amount and the title would stay clear right?

[JayG]

Originally Posted by alanqning

I would be settling also, and adjust the salvage amount and the title would stay clear right?

That's what I would try to do.

Settle on both the payout and the salvage amount and adjust the cash to you.
Don't forget to add loss of use in the settlement. They should either give you a rental car for the time the car is out of service or pay you the daily rate for each day. Of course since you have a premium high performance luxuary car, the daily rate is much higher

[woodsman]

I think .5" is a lot especially once it's reversed-- forever weaker than before the incident. Nonetheless, it would be a good start for someone's racecar. Is there a colour you'd prefer?