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If the damage to a vehicle will cost more to repair than the value of the vehicle before the accident, an insurance company will "total" the vehicle. That means they will pay you what the car was worth before the wreck. At that point the insurance company owns the wreck, not you. You have nothing left to insure, therefore.

2006-09-01 03:00:00
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Related Questions

Do insurance companies pay for the totaled car causing a collision in a DUI case?

yes if you have collision coverage barring any exclusions in your policy to the contrary.


What will collision insurance cover in the event of an accident?

Collision insurance will cover any damages to your vehicle (or refund you the value of the car in the event that it becomes totaled) in the event of an accident. Collision insurance coverage typically only applies when you are the at-fault driver in the accident. Collision coverage covers any sort of collision whether it be with another car, a pot hole, a tree, a guard rail, a ditch, etc.


How do i go about getting my totaled and financed car covered by an insurance company that let me get a policy with no collision?

The insurance company would not have required you to get insurance coverage, as it is an optional coverage from the insurer's standpoint. The bigger issue is that the company through which you financed the car would have required collision coverage because it was interested in protecting the value of the collateral. Therefore, it may have obtained "forced-placed" collision coverage on the car and charged the premium to you (through your car payment). If that was done, you would normally have rec'd notice of it and been given a chance to get collision coverage and produce proof of it. Furthermore, collision coverage would have to have been in force at the time of the collision; it would not be retroactively applied to cover the loss.


Will gap insurance pay off the balance of your loan if your vehicle is totaled?

In California it is normally necessary for you to currently have comprehensive and collision coverage in place at the time of the accident for your gap insurance to take effect.


What is the difference between full coverage auto insurance and liability only insurance?

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.


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 you get full coverage insurance on a salvage title car in Louisiana?

My insurance provider, Hanover, told me that they would only write liability coverage, and not full coverage on my truck that was flooded and totaled in New Orleans.


What if your car is totaled?

Get a new car. == If someone hit your car you will be paid the actual cash value of the car. If you totaled the car and had collision coverage you will be paid actual cash value, too.


How does full coverage insurance pay offs work?

Full coverage insurance will help you get your car fixed after it has been wrecked. You can also get a new car if it has been completely totaled.


Protect Your Car with Collision Car Insurance?

Drivers are always looking for ways to save money, whether that means switching cars, insurance companies, changing coverage limits, or removing coverages altogether, like collision insurance. Although it cost less to have a policy that only covers liability, in an accident, it may cost more to pay out of pocket for vehicle repairs than for the insurance. Liability insurance only covers the other driver, but for consumers who want to protect their vehicle, collison coverage is necessary. Collision insurance covers the policyholder's vehicle in a collision. Without this coverage, the policyholder's vehicle cannot be repaired or replaced by the insurance company, but from their own pocket.Obtaining Collision CoverageColliison coverage is easy to obtain. Most companies offer this coverage, though some deny this coverage to vehicles that are too old. It is best to contact a licensed insurance representative to purchase collision coverage along with the state required liability coverages. The agent will recommend a deductible, which is what the policyholder must pay before the insurance company covers the loss. Some companies allow their insureds to carry no deductible, but with most companies: the higher the deductible, the lower the premium. It is also wise to remember that the claim cannot be covered unless the amount of damages exceeds the amount of the deductible. For instance, a $300 repair will not be covered if the deductible is $500.Who Needs Collision CoverageNot everyone needs collision coverage. Older cars and vehicles that have been totaled are not worth much. However, what every consumer must consider is whether they have the money to replace or repair the vehicle themselves? If not, the cost of the coverage could be less than a repair. If the insured has a loan, collision coverage may even be required by the lienholder.Collision insurance protects the policyholder's vehicle. Without this coverage, the insured must pay out of pocket for repairs. This insurance can be obtained from a licensed agent; however not every driver needs this coverage. For those with newer vehicles, a loan, or who don't have the means to pay out-of-pocket cost, collision coverage should be on their policy.


What is full coverage auto insurance requirements in California?

When a vehicle is financed, you must have comprehensive, collision, and liability or 'full coverage' to protect the bank. I am not sure what you mean by 'requirements' other than that. You can also buy "GAP" insurance, for if something happened and your car is totaled and you owe more that it is worth, the GAP will make will make up the difference


What to do if Car totaled and no collision insurance?

If the accident was your fault you're out of luck. If you were hit by someone, their insurance will total your car and pay you for its actual cash 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 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 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 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.


What does the finance company do when a car is totaled and there is no collision insurance?

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.


Are you responsible for the damages when driving a car not belonging to you and it is totaled and the only insurance is liability?

You may be, do you have a policy on a vehicle that has collision coverage? If so it may step in, check with your company turn in the claim. If no policy then the owner of the vehicle could sue of course, then will be a judge's opinion.


Can a totaled vehicle be insured again?

Once a car is totaled it is gone. Usually the insurance company takes the car for them to sell and get some extra money and if it is claimed as a totaled vehicle I would not recommend driving it on the street where you can hurt yourself or someone else.


What do you do if you have full auto insurance coverage and your car breaks down and is totaled?

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What happens if your car gets totaled by another driver in collision accident?

You get the Traffic Collision Report. You find out who was at fault. You get the other driver's insurance information. You file a claim with his insurance company. Using an attorney to represent you helps to avoid you suffering through the process yourself.


I have liability insurance my car was totaled what am i to do with the car?

Repair it make a planter out of it sell it for scrap Without collision insurance you are out of luck unless the accident was the other guys fault, in which case his insurance will pay you for the value of your car and collect the remains.


What do you do if you get into a collision?

well if you get hurt call an insurance agency like morris bart and you get the money you deserve, but if you dont get hurt the car gets totaled by a tow truck.


Will you have to pay the lien company the rest?

if u sold the car yes,if you totaled it the insurance should pay it off providing you had full coverage and not at fault


If you were involved in an accident and did not have full coverage but the bank had put forced insurance on the loan will that insurance cover the totaled car?

That insurance will probably cover the BANKS interest in the vehicle and any liability that may be assigned to it, but little or nothing for you.