My car was in an accident, insurance deemed it a total loss but salvageable.
As such I want to buy the car back form the insurance company and fix it. However they are saying that the standard discount applied in such situations is 45% of the cash value. Meaning if the car is worth $10,000 they take 45% off and only give me $5500. Has anyone actually heard of this percentage before? This sounds really high to me.
I have TD Insurance Meloche Monnex and I reside in Calgary. I am supposed to talk to them tomorrow so any info that can be provided would be very useful.
Thanks,
Carpe