Buy back from insurance.

Discussion in 'Ask An Owner Operator' started by A long way from Texas, Feb 11, 2016.

  1. A long way from Texas

    A long way from Texas Bobtail Member

    18
    7
    Jan 20, 2016
    0
    I have just recently switched my insurance to the company's insurance. Instead of me paying it 1/4 they take it from the settlement. My question is how much control do I still have if I have a accident, will I get the option to buy it back for parts if it is totaled out if god forbid anything ever happens? The matched all the old insurance for price, but afterwards the more I thought the more questions I have. I read another post about a freightliner burning on 95 & the company talking the guy out of some legal action. I'm guessing the policy is under the company's name I'm leased to so who has the final say if they low ball me for value? Or who has rights to by back for parts? I thinking I may have been better off keeping my policy separate..
     
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