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? retain salvage rights on "totaled" Prius

Discussion in 'Gen 2 Prius Main Forum' started by rschulzejr, Aug 7, 2009.

  1. rschulzejr

    rschulzejr New Member

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    My 2007 Prius with 28K miles was rear ended by a Ford F250 two weeks ago. Fortunately my teenage daughter, who was driving, was not at fault and suffered no injuries.

    The insurance adjuster has deemed the car to be a total write off, and has offered me a settlement of $21K. In reviewing the ins co paperwork, I note that the insurer "retains the right to salvage" if I accept the settlement. There appears to be an option for me to retain the salvage rights, although I assume that my settlement price would be diminished too.

    Would anyone recommend retaining the salvage rights in this situation? I've tried to attach photos of the damage, but I can't seem to get the attachment to work off of my Mac.
     
    #1 rschulzejr, Aug 7, 2009
  2. firepa63

    firepa63 Former Prius Owner

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    Take the insurance company offer of 21K...
     
    #2 firepa63, Aug 7, 2009
  3. mgb4tim

    mgb4tim Noob

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    you can buy it back, if you want, but will have a salvage title
     
    #3 mgb4tim, Aug 7, 2009
  4. spitinuri

    spitinuri Member

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    I have never done this with a Prius, but I have purchased other cars back from the insurance company and it is a simple process. I don't know that I would buy it back for more than 2-3K. That being said if everything up front is still good it could bring in much more for parts or a selling to a Prius salvage/repair guy. Keep us informed of your decision.
     
    #4 spitinuri, Aug 9, 2009
  5. richard schumacher

    richard schumacher shortbus driver

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    Why do you want to retain the salvage rights? Just curious.
     
    #5 richard schumacher, Aug 9, 2009
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