0
If your car was recently reported as a total loss yet still driveable do you have to have the repairs done?
Yes, you're carrier will drop the full coverage -- collision and comprehensive -- from the vehicle. This is because, in settling the total loss with you, they have already paid the value of the vehicle. Essentially, the vehicle no longer has any value except its salvage value -- to the insurance carrier, at least.
Say, for instance, the vehicle is a total and your carrier agreed to keep the full coverage on it without you repairing it. Later on, you have an accident in the car, causing enough damage to "total" it again. Your carrier has already paid you the value of your vehicle, and if they paid you that value again -- without the repairs having been completed -- you are profiting from the second loss. This is illegal in any state.
Even if you have the repairs completed, by the way, your carrier may decide not to place full coverage on the vehicle. Once deemed a total loss, any vehicle's value -- again, whether repaired or not -- drops significantly because the vehicle is less desirable in a typical market. Most people would definitely prefer to purchase a vehicle that has not been deemed a total loss in the past.
Sounds like yours is just cosmetic damage, though, which is a little different. If you're intent on keeping the car, I say talk to your agent and/or carrier and see what their policy is for reinstituting coverage on a prior total loss. If they'll do it, you can fix the car, have your agent inspect it, and get the coverage back.
On the other hand...you might want to take into consideration just how much you pay in premium for that full coverage. Compared to the actual value of the car, it might be in your best interest to just keep liability on the thing.
And, finally, you're definitely going to face some problems if your state requires you to obtain a salvage title on the car. At that point, the resale value drops hugely, as does your carrier's interest in covering a car with little more than salvage value.
What else can I help you with?
If the power steering fluid is leaking is the car still driveable even though it is hard to steer?
you can still drive the car but its not recommended, its pretty hard on the power steering pump
Car broken and needs repairs and it is financed?
car is broken and needs major repairs but is still financed how do pay for the repairs
Can you still drive with a blown head gasket?
If it is cracked, the vehichle may be driveable, but if it's blown, there's not going to be any cylinder compression and the engine won't run.
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
How do you get on club penguin if you are reported?
Unless you are banned you can still log on.
What is froglet?
A frog that has recently left the tadpole stage and has recently become a frog. They sometimes still have the tail on them.
Does Test Still Wrestle?
No he doesn't, he recently died
Are student loans reported on credit history if still a student?
yes
Is nate dogg the rapper still alive?
No, he died recently.
How many types of bangers?
In the UK there are three main types of bangers. A banger is a little firework that simply goes "BANG" A banger is the nick name for a pork sausage. A banger is the name given to an old car that is still driveable but not road legal.
Byron and Mary from The Bachelor still together?
Yes, they are still together. I heard recently that they are living together.
Does David Bowie still have a british accent?
I recently saw an interview with him on T.V, and I am happy to say he still does.
