RE: front drive shaft flew off!!!
Login  | |
|
RE: front drive shaft flew off!!! - 2/5/2008 2:19:16 PM
|
|
|
aublec22
Posts: 78
Joined: 8/23/2007
Status: offline
|
OK BUT WILL TOTALLING IT EXPIRE THE INSURANCE? I MEAN WOULD I HAVE TO PUT IT BACK ON INSURANCE AGAIN?
_____________________________
The White Rhino
2001 Disco SE II
107,000 miles
|
|
|
|
|
|
|
RE: front drive shaft flew off!!! - 2/5/2008 3:23:30 PM
|
|
|
okdiscoguy
Posts: 2485
Joined: 2/16/2007
From: Tulsa, OK
Status: offline
|
I would say yes, but I am not in insurance. Just ask them when you talk to them. Or you can call progressive or one of the one click companies...
_____________________________
97 Discovery SD-7 156K miles
04 Cadillac CTS 34K miles
Good Oil
number of posts does not = knowledge (unless it is me)
|
|
|
|
|
RE: front drive shaft flew off!!! - 2/5/2008 3:43:24 PM
|
|
|
Spike555
Posts: 5043
Joined: 6/22/2007
From: Grand Rapids MI
Status: offline
|
Just wait and see what they say first. If its NADA is $9000 and its $7000 to fix it, they will fix it. Do you still owe on it? If so how much. If you owe $5000 they might total it. If its paid for then they will fix it.
They will take the cheapest way out. But remember that YOU PAY THEM. So they work for you.
_____________________________
If it ain''''''''''''''''''''''''''''''''t leakin'''''''''''''''''''''''''''''''' it must be empty!
Yes, one man can change the world.
If the citizens are affraid then they are easier to control.
The "Storm Trooper",'''''''''''''''''''''''''''''
|
|
|
|
|
RE: front drive shaft flew off!!! - 2/5/2008 3:55:36 PM
|
|
|
aublec22
Posts: 78
Joined: 8/23/2007
Status: offline
|
cool its all paid for
_____________________________
The White Rhino
2001 Disco SE II
107,000 miles
|
|
|
|
|
RE: front drive shaft flew off!!! - 2/5/2008 7:07:24 PM
|
|
|
WolfPack
Posts: 498
Joined: 1/3/2008
Status: offline
|
Well here in NC, total loss is when the repairs sum up to 75% of the value of the vehicle, not the NADA value. And if it is $9000, that puts you $250 dollars too expensive for the repair. As for buying it back, yes they will still insure it, but your Disco will be a Total Loss Claim, and is only worth the scrap value, or something like $2000. The 2000 Ford Explorer I totaled is still worth $1975 now after we bought it back for $2250.
Basically you still are insured, still pay for it, but you only are insuring a $2000 vehicle. The explorer worked out for me because I bought it back for 2k, fixed it for 5k, and got a check for 8k. Totalled a car and got 1k bucks...
Edit to clarify: Insurance not only insures the vehicle, but the driver as well, so even if you bought it back and drove home, you're covered with the same liabilities/comprehensive coverage you had before. Also this is all hypothetical remember. If it's not totalled, this is a moot. mut. moote. pointless.
< Message edited by WolfPack -- 2/5/2008 7:09:45 PM >
_____________________________
2001 Range Rover 4.6 SE - Coil Sprung
2000 Chevy Blazer 4x4 4.3L V6 - The Beast
|
|
|
|
|
Printable Version
