IF OUR CAR WAS COMPLETELY SMASHED IN AN ACCIDENT AND THE DRIVER WAS CITED , WHAT WILL HIS INSURANCE PAY US?
I am still confused . you assimilate an adjuster from his Insurance association will demeanour during the video as well as give the satisfactory marketplace worth amount, lets contend it’s 7,000 the loan is 10,000 though you have opening insurance. so automobile could be paid off. Well it’s smashing they boon the loan of the automobile they destroyed, though what do you embrace to get an additional vehicle? Nothing? Or do they suggest the allotment to cover the deputy car?
Posted on February 8, 2010 at 12:47 pm by admin · Permalink
In: car insurance · Tagged with: Accident., Cited, Completely, Driver, Insurance, Smashed, What, Will
In: car insurance · Tagged with: Accident., Cited, Completely, Driver, Insurance, Smashed, What, Will
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on February 8, 2010 at 12:47 pm
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You’ll be paid for the value of your car. BUT, you should check want-ads, Kelly Blue Book for identical car/mileage etc. Usually you can fight for a higher price. If you find a “like” auto they may offer that in lieu of pay-off.
on February 8, 2010 at 12:47 pm
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If the other driver is at fault, HIS insurance is only responsible for the ACTUAL CASH VALUE of your car, plus sales tax and title. It’s NOT retail value. THEY don’t pay the “gap”. I hope you’ve already filed for the gap coverage under YOUR policy.
They don’t buy you a new car. Their driver is NOT responsible for your high interest rates, or the fact that you were driving a car that you owed more on, than it was actually worth. Or maybe that you got a bad deal, or maybe that you rolled prior negative equity into the new loan. They only owe you, what your car was worth.
on February 8, 2010 at 12:47 pm
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Insurance is only obligated to pay you the value of your vehicle that was totaled – ie: to “make you whole”. How much you owe on it or what it costs to buy another car is not the insurance company’s problem.