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I think it depends on your insurance company. A friend totaled a car and they based the value of 3 or 4 values. Things like Kelly Blue Book and such.
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∙ 16y ago
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What if your car is totaled?
Get a new car. == If someone hit your car you will be paid the actual cash value of the car. If you totaled the car and had collision coverage you will be paid actual cash value, too.
If fully comprehensive do you get the full value if car gets written off?
Assuming your question is, "If you have full coverage do you get the full value of the car if it is totaled", the answer is yes. It is important that you understand the what the definition of value is in car insurance. When ever your car is totaled you will get actual cash value at the time of loss. The best resource for determining this is the NADA Guide, www.nada.com. Actual cash value is determined by looking at a combination of items including, determining the pre-loss condition of the vehicle, the book value, and what cars of similar condition sell for in your geographic location. If you have a loan on the vehicle this is not part of the equation.
What to do if Car totaled and no collision insurance?
If the accident was your fault you're out of luck. If you were hit by someone, their insurance will total your car and pay you for its actual cash value.
When an auto is totaled and the insurer takes the auto and pays the insured the actual cash value of the car at the time of the loss this is an example of?
Total loss payoff
How is a car considered totaled?
When repair costs exceed 50-75% (depending on the state you live in) of the car's actual cash value before the accident.
Does the ticketed motorist insurance Co have to replace your totaled vehicle?
'ticketed' really doesn't matter.........what matters is who is responsible or liable for the loss...........and no they do not have to 'replace' your totaled vehicle they owe you the acv (actual cash value) of your vehicle........
How is a cash value determined for a car if its totaled?
Bluebook value plus assecories added within a year of the claim with receipt proof minus lean on vehicle. Also how frequent you claim is weighed in
Does an auto insurance company have to pay for a deaf interpreter to find a new vehicle after yours has been totaled?
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
How to calculate actual cash value?
How do you calculate the actual cash value of a home
What happens your car is totaled?
If you have the proper insurance or you were hit by someone you will surrender the car and the title to the insurance company and they will pay you the actual cash value of the car before it was hit.
How do you know how to get cash value when your car is totaled?
The insurance company will make you an offer.
What happens if your car is totaled and you have full coverage?
You will get actual cash value for the car and will sign the title and car over to the insurance company, unless you wish to buy it back for a reduced payout.
