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You will only get the book value of the car at the time of the accident. It may not be enough to replace it, but that is how insurance works. If you have GAP insurance through your bank with your loan, then that insurance will cover the difference in replacing that particular make/model of car. This does not pay enough to replace the car. It will pay the remainder of your loan after the insurance settlement. You may still owe the bank your deductible amount.

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19y ago

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What to do if Car totaled and no collision insurance?

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This is total nonsense!My total is 52.


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Fault in the accident is not a consideration. Normally the insurance company or the at fault driver is responsible only for repairing your vehicle and providing you with a rental car. While this may not be entirely fair, it is the system and you agreed to it when you chose to drive. Some states do have a provision that a vehicle must be totaled if the damage exceeds a certain percentage of the total value of the auto. YOur best resource is your insurance agent. lwpat


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