Just curious. What happens if you get in an accident, say you scrape against a tree and tear off a fender, and the estimated cost to fix it is say $2000, but the car is only worth $1500 by the Kelly Blue Book. So the insurance company says it is “totalled” right? Then they pay you $1500 cash, and take the car. They say this is reasonable, because you could purchase another like it for $1500 if you wanted. I presume the wrecked car has some value for its parts, so the insurance company recoupes some money by selling the wrecked car to somebody, like a recycling yard.
But what if you’d be perfectly happy if they’d pay you say $1250, and you keep the car? With some sweat equity, a hammer and dent puller, some spray paint, and poor enough vision you can’t discern the remaining dents, you could fix it up yourself for that amount. Will the insurance company do that? If not that, what are the options if you’d rather keep the car?