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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?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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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 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.
After an accident that was not your fault if the other party's insurance company totals your bike do you still get to keep your bike?
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.
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 someone totals your car and leaves the scene and is arrested for DUI is there a higher payoff for the vehicle?
No. The vehicle is worth what the vehicle is worth, no matter how it was totaled
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.
Why do people need insurance?
So in case they get into an accident their insurance can pay for the damage. -becuase if you dont have insurens on your house and i burns down in a fire, you have to pay for it all by yourself. if you get in a car reck or if someone totals your car, you have to pay for the dammage. with ensurance you pay a monthly fee and if something like that happens your covered.
How do you negotiate a totaled car claim?
my car was totals when someone nhit me my car was 12 years old and i8n good condition it is worthy more then thr blue book
Is your insurance affected or the other person receiing a DUI and totals your car in Florida?
Not in Canada.
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.
If a child on your insurance policy has a no points accident with property damage and totals a car how is the premium affected on all family drivers and vehicles?
Assuming he is rated on one vehicle in your household, that policy will likely increase due to this loss, or any vehicle he is rated on.
If someone totals my car after stealing it even though at the time they lived with me shouldn't they pay for the accident?
Oh yeah.
