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Old 07-07-2018, 02:51 PM   #204 (permalink)
Rusty
Ronin Samurai - Assassin
 
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Join Date: Dec 2011
Location: Fayettenam,Pennsyltucky
Age: 68
Posts: 35,123
Drives: 2011 Nismo GM 6M
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Talking

A lot of the insurance companies go by %. Normally 10% of value. If the repair is less then 10% of the value of the vehicle, then the vehicle gets fixed. If the repair is greater then 10%. The vehicle gets totaled.

My brother in law at one time worked in a junk yard. When they got cars in. They would look at the insurance papers, the year of vehicle, mileage, and blue book price. If the vehicle was what they call a 10%er. It would get fixed with a R-title. The junk yard made a nice profit of of them. The vehicle was totaled by the insurance but just had enough damage on it to go over the % rule. The junk yard had all the parts needed to fix it usually.
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