You can try to get value of comparable cars around your local area (10 miles) and negotiate with your insurance in order to obtain a higher value. Explain why you think the amount offered won't be enough for you to obtain a car like the one you had. As far as I have researched online, the insurance has the last word; but if the insurance is not giving you the value of a currently available comparable car in your local area then their report is FLAWED and they will have to reconsider the offer. For more excellent informationa about your rights and the steps you can follow go to the your state's department of insurance website.
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.
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.
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.
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.
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.
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.
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
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.
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
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.
The insurance company tells you. The way they figure this out is by comparing the cost of repairs to the value of the car. If the cost is the same, or greater, the car is totaled.
If you caused the accident and you totaled your car and you only have liability insurance, your insurance company does not do anything to your car. The car was taken away by the tow truck driver. You may pay to haul it somewhere to be repaired or you may sell it to a junk yard. If the other driver caused the accident, then his insurance company buys your car. It still goes to a junk yard to be recycled. That way, however, you will get some money. Either way, you are entitled to get your personal stuff out of the car.
In most states, you will owe whats left owing after the ins. co. pays.