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Re: SWB 4x4 was totaled. Now what? Can I get it back?
Quote:
Originally Posted by BrianG
It's not scrap metal though. It is still a nice truck with some dents. Who here wouldn't give $1,500 for it? Don't get caught up in the wording here. Salvage here means the insured item had some value after the accident. They are offering that it is now worth $1,500. If he wants to accept the offer and keep the truck he will have to pay the salvageable value of the insured item.
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In my simple mind I would just ask Mr. Clark to raise the ACV (Actual Cash Value) by $1500 and let him keep the salvage value at $1500. This would even things out a bit. And I do not see how my title could be altered since I hold the title. And now that I mention it why not raise the ACV to the actual value of the truck before the accident? But I guess I do not think like an insurance company, and if I did I would not last long  .
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1972 Chevy Custom Deluxe Highlander, owned 34 years.
1970 GMC Sierra Grande 2500, unrestored, original.
1970 Chevy K10 Short Wide-bed, working on restoration..
1967 Chevy K10 Short Stepside, unrestored original.
1969 GMC CST (Longhorn) 396, buckets, unrestored.
1995 GMC K2500, 65,000 miles, 454.
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