'ticketed' really doesn't matter.........what matters is who is responsible or liable for the loss...........and no they do not have to 'replace' your totaled vehicle they owe you the acv (actual cash value) of your vehicle........
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
You uninsured motorist coverage, if you have it should handle the gap. Otherwise, you can sue the driver that hit you for the difference.
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if it is your fault. Someone else's liability insurance will pay for the damage to your property or for your medical expenses, if it is their fault.
file a collision claim with your insurance company once all is settled they will go after (subrogate) the uninsured (assuming they are at fault) party to recoup theirs and your money.....
Classic car insurance costs more than regular car insurance. This is because it costs more to replace the parts on an antique car, and would be a lot more to replace if totaled.
you will have to pay a debt and GET CAR INSURANCE
used of automobiles; completely demolished; "the insurance adjuster declared the automobile totaled"
I was most relieved to find out that my insurance company agreed with my statement that it had been totaled. I came out ahead when my expenses were totaled up.
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
It would depend on why the car was totaled and who's fault the accident was and what time of insurance do you have PLPD or Full Coverage
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
There are seven types of car insurance. Liability insurance covers the cost of repairing any property damaged in a crash, as well as medical bills. Collision insurance makes it so then insurer pays for repairs. Comprehensive insurance handles any situation, including theft. Uninsured motorist protection is a policy that covers damage by an uninsured motorist. Medical/Personal-injury Protection covers costs of injury. No-fault insurance covers property damage and injuries no matter who is at fault. Gap Insurance is for driver's who still owe money on the cars and need to pay off the vehicle if it is totaled in an accident.
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
No, they will not.
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.
In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.
If repair costs are up to 76% of the vehicles value then the vehicle is totaled. Whichever option is least expensive is the one they go with but you will never find one that is going to actually replace your car, just give you the estimated value at the time. If you have ever had a car totaled you know that you never get enough to replace it.
The fair market value for your car at the time before you got into the accident. It may not be enough to replace your car, if you have GAP insurance through your bank, then it should cover the cost of replacing the vehicle.
Check your policy. I'd expect that as long as the totaled car was covered on the date of the crash that totaled it, you'd be covered - after all, if you weren't going to replace the car, would they expect you to keep paying at all? BUT, that all said, it's really your policy that will tell you the answer. Any insurance policy is a contract between you and your insurance company, and anything they say in the contract - that's the way it is.
The insurance company will make you an offer.
70% of the value