Join Date: Jan 2009
Location: Snuff Gully, TX
Lesson learned: Put that much money into a 40 year old truck and you better have a professional written appraisal or you are in for a fight, one that you will tire of and lose in the end. Insurance agent here. Take the money they offer you and move on with your life. Lesson learned. As for the vehicle not being totaled: If you accept a check that is based on a total loss then legally the vehicle is totaled. From now on when you insure it you must notify the agent in writing that it has been paid as totaled whether it shows up or not. Why? I know you will, but if you don't and it ever comes to light that it was totaled and you did not tell them that is called a material omission of fact. Based on your omission they can refuse to pay any future claim you may have, on any car on the policy, if they find out. At best they will DEFINITELY cancel your policy because of your self-serving omission of fact, going back and cancelling your policy on its start date and return all premiums to you as if you never had insurance. Let's say you just had an serious at-fault accident, or your wife did, ran into a van full of attorneys. Just when you needed A TON of insurance (you don't have enough, and are under-insured now, like 95% of all drivers), you find out that you don't have any insurance and the future judgements against you will ruin you for life.
So will carrying the minimal liability limits you carry now.
At worse you are going to jail for insurance fraud for misrepresenting the truck as not being totaled. Allowing it to be represented in the future as not totaled when you know it was paid as totaled makes you liable for your inaction to correct its characterization to the company. A lot at play here. Better to be careful and honest. When you get the certified letter that you are being sued, then you will understand that there is no such thing as having too much insurance.
2009 MGM GT: VCM CAI, ARH LT headers (no cats), Vector Tune, MT drag radials
Procharger D1SC still powering the box it came in January 2010, hiding somewhere in the back of my man cave.
PB: 12.533 @ 111.45 w/ 1.951 60' CLAIMING THE INTAKE/LT/TUNE/DR RECORD
"There are but three true sports...mountain climbing, bull fighting, and motor racing. The rest are merely games." Ernest Hemmingway