My 2000 Dodge Caravan was hit by a driver who ran a stop sign. The two driver-side doors are crunched. I'm in NJ.
The insurance company is paying me the totalled value of the car, minus the salvage value, and I keep the car.
What does this mean? I don't want to keep the car - so that means I get to sell it? It runs well. What's the deal with the "salvage" thing - do I have to get a salvage title? Can I sell it to anybody who wants to buy, or does it have to be a junk dealer?
Is there any relationship between the insurance co's salvage value, that they deducted from the totalled value - around $800 - and the actual value I could sell it for?
And, of course, if anyone knows of another 2000 Caravan, let me know. I miss it.
UPDATE:
The insurance co has been very slow about connecting me with the salvage co. On Friday they commented that I should check into the cash for clunkers program, whatever the official name of that is.
I assumed that it wouldn't qualify because I'd seen a different "official" mpg somewhere that was 19 mpg, too high for the program. Evidently the "real official" mpg is 18, which does qualify??
Now I'm confused again. What exactly qualifies as "drivable" - my damaged car only runs in 2nd gear, but it does run.
Considering that I already got a nice settlement, why would the insurance co hint (they didn't suggest outright) that I should look into the program?
The insurance company is paying me the totalled value of the car, minus the salvage value, and I keep the car.
What does this mean? I don't want to keep the car - so that means I get to sell it? It runs well. What's the deal with the "salvage" thing - do I have to get a salvage title? Can I sell it to anybody who wants to buy, or does it have to be a junk dealer?
Is there any relationship between the insurance co's salvage value, that they deducted from the totalled value - around $800 - and the actual value I could sell it for?
And, of course, if anyone knows of another 2000 Caravan, let me know. I miss it.
UPDATE:
The insurance co has been very slow about connecting me with the salvage co. On Friday they commented that I should check into the cash for clunkers program, whatever the official name of that is.
I assumed that it wouldn't qualify because I'd seen a different "official" mpg somewhere that was 19 mpg, too high for the program. Evidently the "real official" mpg is 18, which does qualify??
Now I'm confused again. What exactly qualifies as "drivable" - my damaged car only runs in 2nd gear, but it does run.
Considering that I already got a nice settlement, why would the insurance co hint (they didn't suggest outright) that I should look into the program?
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