total 90 dodge omni?
is thier any way i can tell them not to total it out? if they don't want to fix it can i or do i have to say so in it? please kelp?it's a 1990 dodge omni
2006-10-25 13:15:03 · 6 answers · asked by davedebo198305 4 in Cars & Transportation ➔ Insurance & Registration
cus it still runs and olny has 104,000miles on it and i just put over 2000 of work into it
2006-10-25 13:28:02 · update #1
As the other guy said, you can buy it back from the insurance co. and then keep the rest of the settlement. I did that about 10 years ago because I had had a new stereo system installed and they weren't even giving me what the stereo system was worth for the car. I ended up selling the car for a couple hundred dollars to someone who wanted to fix it up after I took all of the equipment out.
If you put over 2000 hours of work into it and have that close of ties to it, by all means, make the ins. co. an offer. They probably wouldn't give you much for it anyway, so if you think that you can fix it and have the skills and time, then by all means, go for it. You can do it cheaper than any mechanic/body shop and end up ahead.
2006-10-25 15:07:32 · answer #1 · answered by sunshineandsilliness 2 · 0⤊ 0⤋
I was rear ended by a drunk driver, totaling my 1994 Dodge Caravan a month ago. The van booked for $2000 and the damages amounted to $2030. Since the other parties insurance was from Wisconsin (I'm in Tennessee) it really wasn't worth their time or trouble to come and get it. They paid me the $2030 and let me keep the van, which was still drivable as well. I think it depends on the insurance, but the impression I get is that there is a lot of leniency when it comes to an older vehicle.
2006-10-25 19:27:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Depends on which state you live in. Most states REQUIRE the vehicle be totaled if repairs exceed 70 - 80% of value. It's not the fault of the insurance company and rest assured, they will NOT circumvent state law for any reason. You may be able to retain the salvage and have the vehicle re-titled but be warned: you will lose your @ss with this deal; we're not talking about a Corvette, it's a Omni for God's sake. If you really spent 2K repairing it then it's probably best if you never attempt to operate a vehicle again anyway.
2006-10-25 16:57:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
With a book value of less than $1,500 it wouldn't take much damage to total it out. You don't have much say in that, especially with an old car like that. While you could buy it back from the insurance company you'd have to fix it yourself. You'd be throwing good money after bad.
And I have to ask, whatever prompted you to put that much $$$ into an old sled like an Omni??
2006-10-25 17:09:41 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You can buy the car back from the insurance company at a discouted rate. You'll get the car, and the balance of the insurance settlement.
But why? The Omni was a piece of crap, not worth anything. Take the money, let them junk the car.
2006-10-25 13:17:51 · answer #5 · answered by electron670 3 · 1⤊ 0⤋
If it's a total you can opt to retain it, but the amount you get will be next to nothing, as you will only get what a salvage yard would pay for it.
2006-10-25 15:07:38 · answer #6 · answered by Chris 5 · 0⤊ 0⤋