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If your car is declared a total loss how much will the insurance company pay back to you if the car was purchased below book value?
Wiki User
∙ 8y ago
Regardless of what you paid for the vehicle, in most cases,if your vehicle is deemed a total loss, you will be paid the local market value of your vehicle. If you happened to purchase your vehicle for less than that, you lucked out:)
Wiki User
∙ 8y ago
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