If you are keeping the car with the intention of repairing it yourself, you should be able to turn the title in to the DMV and get a non-highway title. Then when you have the car repaired, you will have to have the car inspected to show that it meets all safety requirements and get a "salvaged" title. The salvaged title will make the car harder to sell (unless you reduce the price well below blue book) and insurance companies will be reluctant to insure it. If it is an older car, some fairly minor body work could be enough to total it, and if the car still runs or minor repairs would make it driveable, I wouldn't do anything with the title. Just keep it registered and insured until you get it repaired. Unfortunately, every insurance company in the world seems to have access to every insurance claim, so they will still know it has been totaled, but you'll still have a normal title.
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
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.
The insurance company will pay the finance company not you.
The insurance company. They have in theory bought the car or what was left of it.
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.
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
The insurance company will make you an offer.
The insurance company will pay you the worth of your car minus your deductible.
Legally, if the company pays you for the totaled vehicle, it belongs to them. You can offer (if they don't) to by the scraps back. This would be deducted from your settlement and you would be paid the difference.
This is total nonsense!My total is 52.
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
can be done by insurance company at time it is totaled out by them