I just recently totaled my 2003 Nissan Altima. The insurance adjuster made me an offer of about $13K for the car (actually a lot more than what I was expecting). When I asked if I had the option to keep the car, he said that I did, but that they would pay me a salvage value. The salvage value would calculate out to about 20% less than the initial offer (about $10K). If I keep the car, does that mean that I would receive the car plus $10K? At that point, I would not plan on repairing the vehicle. Instead I would try to sell the vehicle or trade it in at a dealership for as much as I could. If my theory is correct, I would end up making a lot more money off of this then if I had just accepted the initial offer of $13K. Is that true?