The way my insurance company spelled it out to me after I had a collision between an 88 Jeep Comanche pickup and a deer, there's a "70% rule." IOW, if the cost of repairs is 70% of the current retail "book" value, the insurance company has--and usually exercises--the option to consider the vehicle a total loss.
Since I was driving a $3000 truck at the time, and the lowest repair estimate was $2200+, they consdiered the vehicle a total loss and my comprehensive coverage--marked ACV, for "actual cash value" on the policy declarations page--only paid me the lowest estimate LESS my $500 collision deductible, or a shade over $1700...and then cancelled my coverage because I had too many "incidents," even though this was the only claim they ever paid out on my behalf. [All other accidents had beed the fault of other drivers, and were listed as such on the police reports.]
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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