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If you are speaking of collision insurance, the insurer will pay the actual cash value of the vehicle less the deductible. You may negotiate with the insurer over whether you, or it, keeps the salvage (the remains of the car), and its value.
The policy may remain in force until the end of its term. If you get a new car to replace the old, the existing policy may cover it. However, the premium may change to account for differences between the old and new vehicle that are material to the premium calculation.
If you are speaking only of liability coverage and do not intend to replace the car, you may want to convert to a "non-owner's" policy. This provides coverage for you regardless of the car that you are driving.
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∙ 12y ago
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If insurance declares a car totaled can you cancel the claim and keep the car?
You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.
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.
If your loaner car was totaled and you do not have insurance what should you do?
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
Should you cancel the car insurance on a repossessed car in NJ?
yes
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
Should you cancel the car insurance on a repossessed car in Florida?
Yes of course you should!
Your car is totaled and the other insurance is handling the case Should you contact your insurance company?
You could to see if they know anything.
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.
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
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
Your car was totaled due to fire what should you expect from the dealership?
Nothing. Your insurance company is the agency which would deal with that.
