I read this regarding full insurance at insurance.com
Some companies total vehicles at 51 percent of its actual worth; some total at 80 percent. The insurance company will pay you the car's actual cash value, minus any deductible on your coverage. Then the car goes to a salvage yard, where it's auctioned off to the highest bidder and usually chopped up for parts. The insurance company keeps whatever money it got for the car in salvage.
Now Can I ask my insurance guys what the % is?? mine is full coverage with gieco
And realistically speaking, what kinda of money will I get back for a 96 GL with 130 K miles if...?
Some companies total vehicles at 51 percent of its actual worth; some total at 80 percent. The insurance company will pay you the car's actual cash value, minus any deductible on your coverage. Then the car goes to a salvage yard, where it's auctioned off to the highest bidder and usually chopped up for parts. The insurance company keeps whatever money it got for the car in salvage.
Now Can I ask my insurance guys what the % is?? mine is full coverage with gieco
And realistically speaking, what kinda of money will I get back for a 96 GL with 130 K miles if...?