0
most of the time, if an insurance company "totals" your equipment, it will pay it off or pay you and then sell it to a junk yard for as much as they can get for it.
However, you do have the option to buy your bike at the same price the salvage yard would pay.
Add your answer:
Earn +20 pts
If the insurance company totals your car do you have to accept it or do you have an option to have it fixed?
In most cases, you can get it fixed yourself. When the insurance company totals out a car, that is all they themselves are willing to pay. If you want to pay to have it fixed yourself, most won't care, but your rates may still change depending on the circumstances of the accident.
Teen in ca totals mother's car mom has no insurance on minor but on the car will the car get repaired by the insurance company?
Only if the insurance company believes it was your mom driving at the time.
If the insurance totals my car can i keep my car?
The insurance company will usually retain the vehicle. You may be able to purchase it from them, call and ask.
What can you do if someone hits your car from behind and totals it but you dont have insurance and they do?
If it was their fault, their insurance company will cover the damages of your vehicle. I would hope that the person at fault has filed the claim already but you need to make certain. I also hope that a police report was done at the time of the accident.
Can you get liability insurance on your car if the insurance company totals it?
Normally yes. Some companies may require proof that you have repaired the car and it is road-worthy.
How do you find out why a campers title is salvage?
Answer: Salvage titles come from the insurance companies. Once an insurance company "totals" a vehicle, it becomes "salvaged". Take the ID number to your insurance company and have them run it to see if it is "insurable", best & quickest way and its free.
Can you buy back your totaled financed car lets say my car is financed and I get into an accident that totals my car. I know the insurance will pay out the bank but can i still buy it back after?
Yes, you can usually but it back because it is then between you and the insurance company. But keep in mind your insurance company normally pays the ACV (Actual Cash Value) which may not be what you actually owe on the vehicle unless you carry Gap insurance. Gap Insurance is an additional coverage that covers the balance of the loan between the ACV and remaining Balance.
What does gap insurance in Virginia do?
It is different from regular insurance because it covers you for the difference between your car's value, and what you owe on it if you have an accident that totals the car, or the vehicle is stolen. If you are making payments on the vehicle, and you owe more than its value, your GAP insurance will cover the difference.
If an insurance company totals your car can you get a new car?
Totaled means that the cost to repair it is more than what its worth...they will most likely give you something below KBB ...
If you are at fault and the insurance company totals the other driver's car for five hundred dollars but the repairs would cost two thousand do you have to pay the other fifteen hundred?
Usually not.
Can you get insurance on a reconstructed title car?
The insurance company will not know that the vehicle has been reconstructed unless you tell them up front. The problem comes if you have an accident or claim which totals the vehicle. The value of a vehicle that been a total loss is far less than a vehicle that has not so the company will evaluate the value of your vehicle at a far lower amount when time to pay you in a total situation. This is a fact that you need to be aware of in case you do total the vehicle again. The company is obligated to pay you the value of the vehicle at the time immediately before your accident. This is fair as you pay far less for it versus buying an undamaged vehicle but you will pay premiums the same as anyone else.
Is your insurance affected or the other person receiing a DUI and totals your car in Florida?
Not in Canada.
