What % to be totaled in RI?
01-17-2006, 08:24 PM
#1
Registered Driver
Thread Starter
Join Date: Aug 2004
Location: Bristol, Rhode Island
Age: 37
Posts: 2,493
Likes: 0
Received 2 Likes
on
2 Posts
What % to be totaled in RI?
Just wondering what % of the (what) price the damage/labor cost has to come to in order for a car to be totaled.
80% of private party value?
80% of retail value?
Different percents, and how is the value best determined?
There is a pretty good amount of damage to my car, and having bought it for only $6000, I'm curious.
80% of private party value?
80% of retail value?
Different percents, and how is the value best determined?
There is a pretty good amount of damage to my car, and having bought it for only $6000, I'm curious.
01-17-2006, 08:46 PM
#2
Senior Moderator
from: http://finance.yahoo.com/insurance/a...otals_Your_Car
I'd say retail, as that's what it would cost for you to buy another one 
Bob Hunter of the Consumer Federation of America says, you're supposed to be "made whole" by your insurer. "You should be put back into relatively the same spot that you were before the accident"
Thread
Thread Starter
Forum
Replies
Last Post
rp_guy
Member Cars for Sale
9
07-16-2017 07:33 AM
DerrickW
3G TL Performance Parts & Modifications
9
11-15-2015 05:52 PM
Sarlacc
Console & Computer Gaming
5
09-30-2015 02:15 PM
