SuperChilena
New member
- Joined
- Sep 20, 2017
- Posts
- 2
Hi Every n thnx for the add!
I need some explaining about salvage value? If we take the loss, and keep the trailer, can we still use it, trade, sell or get it insured again?. What exactly is it and whats the difference between that and blue book value? We have a 2003 35ft KZ sportsman. Half asleep my husband took out a steel barrier at a gas station in KY. Our axel bent and the corner of our slide also bent out, along with damaging some siding. We took it to a repair shop to get an estimate, and my husband told the guy to go ahead n replace the axel so we can take it out before season ends. He assumed the insurance would pay for it. They also sent in an estimate for the body repair. We paid 8000 cash for the trailer, nothing is owed on it and it's still in good useable condition. Even the slide still works only the corner is bent. We usually pay out of pocket for repairs, but since we had to report the accident, figured we would go thru insurance. We have full coverage with state farm and they're going to give us the value in 3 days, but then the agent told us salvage value will be calculated too?? We live in Illinois and our allowed to keep the trailer, but if we do, can we still use It, if we take the loss n use the check to pay for the repairs needed?
Any input is greatly appreciated!!!
I need some explaining about salvage value? If we take the loss, and keep the trailer, can we still use it, trade, sell or get it insured again?. What exactly is it and whats the difference between that and blue book value? We have a 2003 35ft KZ sportsman. Half asleep my husband took out a steel barrier at a gas station in KY. Our axel bent and the corner of our slide also bent out, along with damaging some siding. We took it to a repair shop to get an estimate, and my husband told the guy to go ahead n replace the axel so we can take it out before season ends. He assumed the insurance would pay for it. They also sent in an estimate for the body repair. We paid 8000 cash for the trailer, nothing is owed on it and it's still in good useable condition. Even the slide still works only the corner is bent. We usually pay out of pocket for repairs, but since we had to report the accident, figured we would go thru insurance. We have full coverage with state farm and they're going to give us the value in 3 days, but then the agent told us salvage value will be calculated too?? We live in Illinois and our allowed to keep the trailer, but if we do, can we still use It, if we take the loss n use the check to pay for the repairs needed?
Any input is greatly appreciated!!!