no you won`t get it. You require both car insurance and it must be registered on your name.
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
Either the cars owner or the insurance company who paid for the totaled vehicle
If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.
Its your fault
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
There isn't a set rate on this. The insurance company will first examine to see if the accident in which your vehicle was totaled was done in a manner which voided your policy. Then, the analysis will be made based on the vehicle's value, and the extent of your policy.
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
No, you can't The insurance company will pay you the ACV (Actual Cash Value) of the vehicle. Meaning, you'll get what your vehicle was worth at the time of the accident.
If the accident is your fault, your insurance company is not going to pay out anything. If it is the other person's fault, the other insurance company will be liable.
Fault in the accident is not a consideration. Normally the insurance company or the at fault driver is responsible only for repairing your vehicle and providing you with a rental car. While this may not be entirely fair, it is the system and you agreed to it when you chose to drive. Some states do have a provision that a vehicle must be totaled if the damage exceeds a certain percentage of the total value of the auto. YOur best resource is your insurance agent. lwpat
Yes, They can pay you less because your vehicle was already de-valued by the unrepaired existing damage for which you were already compensated. Double compensation is illegal in Insurance