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They are only responsible for "replacment value". It's up to the owner to find a vehicle that can replaced the wrecked one. Insurance companies take into consideration the fact that the wrecked vehicle has been used and depreciated. They usually take into consideration the fact that you will have to spend time looking for a replacment and you will need temporary transportation, but if the owner is too demanding or pushy the adjuster may decide to not offer full value. Sometimes it's to your advantage to go to a lawyer although lawyers want to be paid to and it may cost more than it's worth. In the event of conflict, most insurance companies agree to "arbitration" by an independant, 3rd party. That might be your best bet.

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โˆ™ 2005-10-20 14:33:41
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Q: Is the insurance company responsible for tax and title on the settlement of a totaled vehicle?
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You own your car it was totaled Should you let the insurance company have it after they pay you?

This depends on what the settlement covers I have required the insurance company to allow me to retain ownership, this reduces the settlement. Or the if you do not specify that this is what you want the insurance company gets the car.


After settling with the insurance company for a totaled car do you keep the car or does the insurance compnay?

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.


What happens to a car that's declared totaled by the insurance company?

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.


If you are involved in a collision and your policy is only 10.000 but the other vehicle is totaled is the insurance company responsible for the amount over the policy?

Nope.


Why would an insurance company declare a vehicle totaled?

An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.


Your car was recently totaled by insurance company can you buy it back from the insurance company?

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.


What is a sentence for 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.


Who get the money if the car is totaled and the car is on chapter13?

The insurance company will pay the finance company not you.


If your car is declared totaled does the car belong to the owner or the insurance company?

The insurance company. They have in theory bought the car or what was left of it.


What makes a motorcycle totaled?

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.


Is it legal for your insurance company to deny a loss for a car that was 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


Can my mother recoup some money after she paid for my nieces boyfriends truck that he totaled and both their names are on the title?

She should get half the insurance settlement, assuming he got a settlement. The insurance company cannot give just him a check since he's not the only name on the title - she had to sign the title over, too! Now, assuming he only had liability insurance on the truck and he was responsible for the accident...oh well! Time for Judge Judy!


How do you know how to get cash value when your car is totaled?

The insurance company will make you an offer.


How much will you have to pay to get your car back if it was totaled and the insurance company refuses to pay?

The insurance company will pay you the worth of your car minus your deductible.


Does an auto insurance company have to pay for a deaf interpreter to find a new vehicle after yours has been totaled?

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.


If your car is declared totaled do you still have car insurance The insurance company has not paid yet.?

Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.


If your car was totaled and the insurance company paid you for it do you get a credit for that on sales tax on your new car?

NO.


How do you declare the title of a vehicle you own as salvage?

can be done by insurance company at time it is totaled out by them


If the finance company thought your insurance was cancelled and put an add on policy to your loan and the car was totaled while both policies were in effect will both policies pay for the loss?

No, the finance company would simply refund any monies they charged you for forced placed insurance and your primary insurance company would be responsible for footing the bill.


Your car is totaled and the other insurance is handling the case Should you contact your insurance company?

You could to see if they know anything.


Do you have to pay towing company if car is totaled?

If the insurance does not cover the expense it is likely the person to whom the vehicle is registered will be responsible for towing and any other subsequent charges such as storage fees.


I have liability only and my car was totaled?

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.


What do you do if your motorcycle is totaled in an accident with no insurance but you still owe on the bike?

you still owe on the motorcycle. that's why banks require full coverage at the time of the loan-so that they will get their money. Since there is no insurance company, YOU are responsible for paying off the loan.


CAN you BUY MY Car back after its totaled?

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.


Do you have to pay off the car loan if you have totaled the car?

Yes, if your insurance company will not pay it all.