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In Reply to: Salvage Title posted by Jon Arneson on August 17, 2003 at 07:33:17:
: My 98 Jeep with a salvage title was swept away and totaled in a flash flood.
: The Insurance Company (Farmers Insurance Group)wants to settle for book minus 25% because of the title.
: I had full coverage and was never told I would not be 100% covered.
: The Jeep was in perfect Running order and didnt have a scratch on it.
: Can anybody give me some advise
: Jon
Jon--a "branded" title reduces the value of the vehicle, so it is reasonable to for them to deduct this amount. Would you pay the same amount (did you?) for a vehicle with a normal title as opposed to a salvage title? Your coverage is for actual cash value, therefore the deduction is reasonable and even a bit low as far as an estimate of reduced value for a salvage title.