Thread: value of wrecked streetrod pickup?

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Originally Posted by Bob Parmenter

If they are close, but the value is still too low for them to justify repairing it you have another option. You can take their settlement amount, pay them the estimated salvage value (in essence buy back your rig) and then spend whatever extra amount is necessary to fully return it to pre-accident conditon.

What Bob said is pretty much spot on with my experience ... An old lady ran a red light and smashed the front of my 65 C-10. I initially and fairly quickly received a verbal estimate of 500 bucks from her insurance. She said that was all they could give me since there was no established value for my truck. I took before and after photos along with Sale adds and such to a lawyer. Once he contacted them ... they were singing a different tune. I had 4 body shops give me estimates for repairs, and the amount I received was about midway of all the estimates 6,200. I did'nt have to worry with the salvage title, though initially they were wanting to do it like that. I actually spent 8,000 repairing it, It seemed like a good time for some changes. The biggest part is establishing value. I was told by the lawyer that if I had classic vehicle's insurance with an "agreed upon value" or an actual appraisal It would have been easier.
I would go visit with a lawyer to see if he could help you any.

Gary