My old car got hit (thank god it wasn't my new E46) and it looks like the car will be a total loss. The problem is the car (1992) is in great condition (new head gasket, suspension, a/c compressor, belts,
radiator, tires, brakes, battery, etc.) but the mileage is 160,000.
Insurance will likely only pay book value and adjust downward for the high mileage. I'm screwed because I just put in $6,000 to recondition the car in top shape and
I'm still going to get less than book value because of the car's hi miles.
What can I do?
1) Can I force insurance to pay me full book value w/ no downward adjustment for the miles since I replaced/repaired everything?
2) Can I accept the lowball offer from insurance and attempt to recover any portion of the $6,000 I spent in the above repairs/improvements?