A) Find out how much damage you have in terms of dollars.
B) Then have your insurance company tell you what is is
worth. Take 80% of that figure (C) and that is your
limit.
If C - A < 0, you are screwed.
You are probably fine if you have less than $11,000 in damage because my 2000 Contour SVT with 41K miles was valued by my insurance company (Citizens Insurance) at $14,070 when I totalled it in Dec. '03 (at 80% I had a limit of $11,256...but had $11,900 in damage). So the insurance company and totalled it and wrote me a check for $14,070 for a car I bought for $8995. Worked out real well, and that is why I have a new 2000 SVT Contour with 33K sitting in my driveway.
Hope this helps.
