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In Reply to: Re: Salvage Title posted by Keith on August 17, 2003 at 10:53:20:
Keith sounds like an insurance guy to me!
: : 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.