If you owe more than the value of a car that was declared a total loss how much does the insurance company pay?

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Typically the insurance companie will pay the cost of the vehicle at the time of loss, they will not pay anything more. If you purchase a vehicle that is higher than blue book, then consider gap coverage to help with this type of situation.
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Does an insurance company have ownership of the vehicle after they pay for your total loss?

If you settle a total loss with an insurance company & choose not to keep the car, you have to send them your signed title and release possession of your vehicle to them in or

What happens when your vehicle is declared a total loss and you owe more than what the vehicle is worth?

Answer . \nOk - There are a few things that may very well effect the outcome and answer to your question. I am an Insurance Adjuster in CA, NV, and CO. I am by no means an

What do you do when you total a car and still owe the finance company more than the retail value that insurance will pay and you have no gap insurance?

\n. \n Answer 1 \n. \nI hate to have to be the one to tell you this, but there is not too much you can do. If you feel the insurance company's valuation is wrong, and th

If your car is a total loss will the insurance company help you fix it if you both pay?

If your car is deemed a total loss, the insurance company will only pay up the value of the vehicle. They will have nothing to do with the repairs. If the vehicle is worth $5,

What happens if your car is totaled and you owe more than your insurance settlement?

If you purchased GAP insurance it will pay the difference between what the insurer pays and the amount left on the loan. . If not you need to determine how the insurer came u

What type of insurance will pay for damage to your car if it is declared to be a total loss?

Physical damage coverage pays for damage done to your vehicle. This is divided into two policy provisions, comprehensive and collision. Collision is if you hit something or tu