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.
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.
The insurance company. They have in theory bought the car or what was left of it.
The insurance company will pay the finance company not you.
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.
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
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.
The insurance company will pay you the worth of your car minus your deductible.
The insurance company will make you an offer.
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.
Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.
If you want to keep a totaled car, the insurance company will determine the salvage value and deduct that from your settlement check. You can still get liability insurance (if there are no safety issues related to the damage), but not collision or comprehensive unless you have the repairs made.
can be done by insurance company at time it is totaled out by them
You can't. Usually it is up to the insurance company's discretion. They have the right to settle their insurance claims for as little as possible without litigation. \
You could to see if they know anything.
If another person was at fault for the accident, you will need to go after their insurance company. If you are liability only, your insurance company will not pay for anything.
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 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.
Yes, if your insurance company will not pay it all.
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
In most states, you will owe whats left owing after the ins. co. pays.
If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.
It means the car was totaled by an insurance company and rebuilt (to hopefully roadworthy standards!)