Only if you carried GAP insurance will it pay off what you owe to the Lienholder. If not then they will only pay what they valued your car to be worth which may or may not be enough to pay off the loan.
Asked in Insurance, Auto Insurance Claims
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 ...
Asked in Auto Insurance Claims, Auto Accidents
What do you do if your car gets totaled in a car accident?
The very first thing you do is report it to the police. Whether the car is "totaled" or not (a decision typically made by insurance adjusters), a police report is required for any automobile accident. ...
Asked in Auto Insurance, Car Rentals
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. ...
Asked in Cars & Vehicles, Auto Insurance, Auto Insurance Claims, Auto Accidents, Transportation Accidents
You were in a car accident had insurance but the car was totaled and the car was not in your name Do you get compensated to get a new vehicle?
no you won`t get it. You require both car insurance and it must be registered on your name. ...
Asked in Toyota Corolla, Insurance
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. ...
My car was totaled in a car accident and the guy at fault had no drivers license but the car had insurance Will my insurance go up due to the accident and should i sue the guy?
Your insurance may go up it may not, also sue for allot of money!!!
Does insurance help with buying a new vehicle if your car gets totaled?
Yes, they will help, but they won't buy you a new car. Once your car is deemed totaled, the insurance company will usually pay you the value of the car before the accident minus your deductible. You can either buy back the totaled car and repair it or use the money towards a new car. ...
Asked in Insurance, Auto Insurance Claims, Tickets Points and Auto Insurance Rates, Auto Accidents, Transportation Accidents
How many points will you get if you had a car accident and it totaled your car but you did not receive a ticket and insurance did not have to pay?
If you didn't receive a ticket, then you won't get any points.
If you are the policy holder and you were involved in a car accident and your insurance declares your car totaled do you keep your car?
No, the insurance company takes the car and they give you the value of the car,(depending on condition,make,model,year,# of miles). ...
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
Do you have to pay auto insurance if your car is totaled in an accident and may not have another car for several months?
If the only insurance you have is on the totaled car, you will not be required to carry a policy on it anymore. However, it is never good to have lapses in the dates you are insured. I suggest having them to lower your insurance to the most basic your state allows and carry that until you get another car. ...
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. ...
If you get into an accident and the other driver is at fault and your car is totaled of course his insurance will pay but if they pay the deductible who gets it?
There is no deductible for liability claims.
Asked in Cars & Vehicles
My son had permission to operate a friends vehichle and the car was in an accident and totaled. is he liable for payment?
if there is insurance it should pay for the loss
What does the your insurance company do to a car if it is totaled and you only have liability coverage?
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,...
Asked in Insurance, Auto Insurance
What happens to a totaled car after the insurance co pays you for it?
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard. ...
Asked in Personal Finance, Auto Insurance Claims, Loans, Auto Accidents, Money Management, Transportation Accidents
If you are in a car accident and the car is totaled does your car loan get paid off through insurance?
Not unless you have the new option in insurance of the new car replacement. If your car is totaled, you will be paid the Blue Book price for your vehicle. This sum is the amount your vehicle is worth at this time. Any amount over this sum that is still owed to a car loan is still due. ...
Asked in Drunk Driving (DWI or DUI)
Does insurance cover a car totaled in a wreck involving a DWI?
If you had collision insurance on the car at the time of the accident that should cover the value of the vehicle. Even if you were drunk you were still at fault and probably didn't crash your car on purpose. ...
What happens if the car was totaled in an accident and money was still owed and accident is your fault?
Typically, your deal with the bank that you bought your car through is separate from your car insurance. However, many insurance companies offer "gap" insurance to cover this issue, so that the car is paid off if it is totaled. Talk to your agent, and they can tell you exactly what coverage you have and how much they'll pay. The insurance company (yours) will look the car and if it is totaled they will give you the money for its current value,...
Asked in Repossession, Insurance, Auto Insurance
What can you do if your car was totaled but the insurance didn't pay the complete amount and you can't pay the rest because you needed a new car and now it's considered repossessed on your credit?
If you were not at fault in the accident, you can sue the insurance company for the balance on your loan. If you accepted the payment from the insurance company and signed a waiver from future litigation, you cannot do anything but pay the debt yourself. ...
Asked in Transportation Accidents
Had an accident just got into another one Does the insurance company calculate the damages from the first accident plus the damages on this second accident to figure if that car is Totaled?
No. A "totalled" car is one whose value is less than the total cost of the repair. ...