Sara -
I'm with Padgett on this one. I don't get it.
Suppose my TM sustains some damage - maybe hail on the roof. The insurance company asks the TM factory how much to repair it, and the factory says "$5000". The insurance company gives me a check for $5000, I give it to the factory, the factory does the repair, and I get my repaired trailer back. Nowhere in this process does the term "salvage" come up, and the title is not marked in any way.
Now suppose the same scenario happens, but the insurance company says my TM is worth only $4000. They give me $4000, and I add $1000 of my own. Just as before, I give the factory $5000, the factory does the repair, and I get my repaired trailer back.
Same damage, same repair, same cost, same final result. But in one case, my trailer is substantially devalued, and my title is forever branded with a scarlet letter (in this case, a scarlet "S"). Why?
Like I said, I don't get it.
Bill
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