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What are your options when you have totaled an uninsured car that you still owe A LOT of money on and you need a car to get to work still?
Wiki User
∙ 16y ago
Make another loan-quick before the wrecked car loan goes bad.
Wiki User
∙ 16y ago
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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.
If an uninsured driver wrecks the car of an insured driver is the uninsured driver still responsible?
If the accident was caused by the uninsured driver than the uninsured driver is definitely still responsible.
What happens if the car was totaled in an accident and money was still owed?
That's about it. The car is totaled. The money is still owed. If there was a loan, you'd better have insurance and if you are lucky, the insurance will cover MOST of what you still owe.AnswerYour insurance co. is obligated by law to satisfy any payment up to the policy's limits. If there are money owed after that, you can sue the other driver for the money owed or be sued, whatever applies.
If two people have a car loan but only one person has insurance and the car is totaled in a single vehicle accident by the uninsured person will the insurance company still cover the car?
if you have gico then no but any other car insurance will yes
If a car is totaled how is the cars value determined?
its valued by however much money you can make off the scrap parts that are still okay with the vehicle.
If your car is totaled and you still owe for your car do you have to still pay for it?
Hell yea
What happens after your car is totaled and you only have liability?
If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.
If you totaled your car while drinking will your insurance still cover it?
No, they will not.
Can you insure a car that has been totaled?
Not while still "totaled". Since everything is tracked by the VIN# you won't be able to insure a totaled vehicle until such time that it's made roadworthy and has a reconstructed title.
If you are uninsured can you still sue the insurance of the insured that was at fault?
No according to the law (which may be different from state to state) The uninsured motorist is always at fault
Can you drive uninsured with a insured licensed driver in the passenger seat?
No, if the other person is driving the uninsured vehicle, then that person is still covered by their own policy. But, if you AND the vehicle are uninsured, then it doesn't matter who's in the passenger seat.
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.
