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If a car is considered a total loss after an accident and the insurance company pays you for what the car is worth do you still have coverage on that vehicle if you contnue to drive it?
Usually if the car is a total loss, the insurance company will pay you and take the car. They then sell it for parts/salvage. If they let you keep the car, all you have to do is check on the current status of your policy and see if it is listed.
Who determines if a vehicle is totaled?
the insurance company- if the vehicle is damaged more then it is worth- it is considered a "total lose" you will get what the car is worth at the time of the accident-not the total value of the car-other pendings vary like full compensation insurance
When you wreck a car does the insurance company pay for tax and title also?
If your vehicle it considered a total loss, your Total Settlement Value will include Taxes, Transfer Fees, Deductible and your Loan/Lien. *This is with State Farm Insurance, I am not sure about other companies.
What is Amount payable by insurance company for insurance?
This is the amount paid by the insurance company to the doctor. It is the negotiated rate less the amount that you paid in the form of a copay, a coinsurance, or a deductible.
How does an insurance company determine if an auto is totaled?
Normally if the estimated damage is 75% of the value of the vehicle, it will be considered a total loss. The reason for this is that there may be hidden damage that only appears after the repairs are initiated. This varies, depending on your insurance carrier.
What criteria does an insurance company consider when determining whether to total a mobile home?
An insurance company considers the cost of repairs compared to the value of the mobile home when determining whether to total it. If the cost of repairs exceeds a certain percentage of the home's value, typically around 70-80, the insurance company may decide to declare it a total loss.
Can you sue the state for hitting a deer your car is total and your insurance will not pay?
You are required by law to have liabilty coverage, but not collision coverage. If you did not have collision coverage then you are not due any compensation by your insurance company. If you did have collision insurance and the insurance company will not pay, then you may be able to sue the insurance company, but you cannot sue the state.
Why do you have to sell your vehicle to the insurance company if it is declared a total loss in the state of Alabama?
no
How do you know if you car is totaled?
You need to file a claim with your auto insurance carrier. The insurance adjuster will physically examine the vehicle's damage. If the estimated cost to repair all damages exceeds the total value of the car, then the insurance company will total the car. This means they will write you (or the lender) a check for the total value of the car before damages.Most of the above is true but a car is considered totaled when the repair costs exceed 50-75% (depending on the state you live in) of its actual cash value. If it is totaled you will sign the title over to the insurance company and they will take ownership of the car after they pay you.
What is salvag title?
When a vehicle is cassified as a total loss. The insurance company will sell it at auction to recoupe some of its money.Whoever buys it can rebuild it and have it inspected to get a new title.Now it is considered a rebuilt or "salvaged"vehicle.
Miguel has 500 deductible on his comprehensive insurance policy If his car repairs total 1780.75 what amount will the insurance company pay?
$1280.75
Does an insurance company have to pay your taxes when your car is a total loss?
No. That would still be your responsibility.
