TwinTurbo.NET: Nissan 300ZX forum - Another option (if available in your state w/ carrier.)
People Seeking Info
 
   


     
Subject Another option (if available in your state w/ carrier.)
     
Posted by GatorJ on May 02, 2013 at 5:49 AM
  This message has been viewed 173 times.
     
In Reply To Insurance Value 300zx posted by Notgonnablowthemotor on May 01, 2013 at 07:22 PM
     
Message It's called a contract repair. Once repairs exceed a certain percentage of actual cash value, the insurance company by law has to total the car. Even if you buy it back, it will have a branded title and you will probably have to go through inspection to register it.

In a contract repair you agree to accept an amount less that the amount that would trigger the insurance company's obligation to total it. You are then responsible for repairing it and any additional damages located are your problem. The HUGE advantage to this is you keep your car WITHOUT a branded title.

GatorJ
1996 300ZX NA
1970 Fairlady Z
2006 Ford Escape Hybrid 4WD
1973 VW Super Beetle Sports Bug

     
Follow Ups  
     
Post a
Followup

You cannot reply to this message because you are not logged in.