Quote Originally Posted by Hotsauce View Post
Book value on our trucks is very low.

If the damage exceeds 75-80% of book value the truck will be considered 'totaled' The insurance co will give you a check for that amount only, and you sign the car over to them.

They then sell the remains as scrap. you have first right of refusal on the scrap, and so you can elect to keep it for usually $150 less total payment.

Then, its up to you to repair it or not as you see fit.

John C.
Wow, just $150 less? When I totalled mine I had to buy it back for $3500....and that was AFTER I talked them down from $4500 buyback, so they just deducted that from the amount of the truck.