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The general answer, absent a contractual or statutory requirement is, "a reasonable time".
When a car is determined to be a total loss, it essentially means that the insurer has decided that the cost of repair exceeds (usually, some statutory) percentage of the actual cash value of the car. In that instance, the law requires that the be declared to be a total loss. The time consuming part of that process can be in determining the actual cash value of a car of like kind, quality, and other features. While there are commercial guides to help in that determination, often there is a period of negotiation with the owner as to the final value.
Many States provide that once a claim has been resolved by agreement as to the value, and all necessary documents have been signed (in this case, proof of claim, title certificate, and other documents that the State or the insurance company may reasonable require), payment must be made within 30 days. However, the period may be shorter or longer and State law will govern.
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∙ 13y ago
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Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
CAN you BUY MY Car back after its totaled?
In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.
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.
How long does it take for your insurance company to make a deal with you for your totaled car?
Normally as soon as the car is determined to be a total loss there should be an offer made within a day or two at the most.
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
If your car is declared totaled does the car belong to the owner or the insurance company?
The insurance company. They have in theory bought the car or what was left of it.
If you totaled your car while drinking will your insurance still cover it?
No, they will not.
What is the difference between full coverage auto insurance and liability only insurance?
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
How long can a car be in the shop after an accident before the insurance company will salvage it?
Usually an insurance company will declare a car totaled before salvaging it. Usually they will know what to do with the car after taking initial photos and if need be pay a shop to look over internal damages if any. How long this takes is how long it takes for the shop to tear apart your car. Typically there is no "time limit" associated as far as a car sitting in a shop is concerned, but for me when I totaled my car the insurance took about 2 weeks to figure it out.
How much should the payout be for my totaled car?
That depends on what the car is and how much the insurance values it at.
Who get the money if the car is totaled and the car is on chapter13?
The insurance company will pay the finance company not you.
