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If you want the insurance company to total your wrecked car can you negotiate this?
ArleneP
Not really. Although things from vary from one state to another, usually they will repair the car if the damage value is 70% or less of the car's current book value. I've never heard of anyone doing this so I'm not sure if it's possible, but you COULD call the insurance company and tell them you're willing to settle for a check directly to you for less than the damage estimate. The company will probably agree as ALL insurance companies want to settle for as little as possible, but state laws may prohibit that because once a car is give a totaled or salvaged title it's reported to the state. To answer the question most of the time if they choose to repair it you have to side with that option most of the time, if you feel otherwise, consult your local auto accident attorney.
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∙ 17y ago
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What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
What does the insurance company do when a car is not total in a wrecked?
If a vehicle is damaged in an auto accident the insurance company that insures the vehicle has the option to repair it, replace it, or pay the actual cash value of the car. The last one is in the case of a total loss and the company never tries to replace a vehicle anymore. In this case it would repair the vehicle and pay for the cost of repair less your deductible which you will be responsible to pay for yourself.
Do you have to accept the voucher from the insurance company?
I'm assuming you mean the total loss settlement on your car. Usually the insurance company will research the value of your car. Check your policy carefully on this, as some insurance companies have the last word and others let you have your car appraised at your own expense should you feel the offer is too low. Usually not, but read your policy, and above all, negotiate!
What do you do if it costs more to fix a wrecked automobile than the vehicle is worth?
If you have physical damage coverage on your policy and the cost to repair the vehicle is more than the value of the vehicle then the insurance company will total the vehicle. In the case of a total loss, the insurance company will pay you the actual cash value of the vehicle less any deductible you have. On all insurance policies, where you have physical damage coverage, the insurance company has the option to repair the vehicle, pay the actual cash value of the vehicle, or replace the vehicle. Companies never replace the vehicle.
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.
Will full coverage cover a car driven and wrecked with total loss hitting a pole by an under age non licensed driver?
The insurance company will probably deny coverage if you allow an unlicensed person to drive your vehicle who you have not had added to your policy. This is called material misrepresentation on your part.
What is it called when a salvaged vehicle was repaired?
AnswerAfter it's Repaired, it's called a " Salvaged Rebuilt Vehicle". before it's repaired it's called a total wrecked vehicle. Most insurers will not provide insurance for a total wrecked vehicle unless proven that the vehicle was prematurely declared a total loss.This would not apply to cars being rebuilt from the ground up, such as classics
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
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.
What is a salvage ticket?
its when 70% of a vehicle has either been damaged or wrecked, and insurance has classified it as a total loss. in some rare cases the salvage title could be issued to a stolen vehicle
If my car is considered a total loss by my insurance company can I sell the parts?
In the event of a insured total loss, the insurance compnay, not you, has the rights to the parts. This is called salvage rights.
How do you deal with an insurance adjuster about a house fire?
The best way to deal with a home fire is to hire your own expert, called a Public Adjuster, and let him deal with it. For a small percentage fee, usually about 10%, a Public Adjuster will assemble the claim, total the entire claim and submit it to your insurance company. They then will negotiate with your insurance company in order to get you the highest settlement possible under your policy. Just one example, the landscaping in and around the house is usually covered by homeowners insurance, but rarely is is on the estimate you get from your insurance company or any contractors either! Just charging for the landscaping can often pay the fee of the Public Adjuster! If you forget something, dont charge for it, or undercharge for it, the money just stays with the insurance company, for that reason, it is to their advantage for you to remain ignorant and unrepresented, dont do it!
