06-01-2006, 08:23 AM
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#21 (permalink)
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Senior Member
Join Date: Sep 2005
Location: Eastern Pa.
Posts: 448
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Quote:
Originally Posted by MichaelG
Insurance may just total the car.
if it cost 5 grand to fix and the car is worth 8, the will consider it a loss and total the car ...
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I think you have it backwards. If the cost to repair exceeds the actual cash value, it's a total loss. If it costs $5K to fix a car worth $8K, no total.
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