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What happens if you are involved in a wreck it's not your fault and the cost to fix the car exceeds the value?
Wiki User
∙ 16y ago
That other insurance company will probably total out the vehicle, depending on the company this could be: actual cash value minus your ded and taxes or blue book value minues ded and taxes or you can salvage the vehicle and buy it back from the ins company
Wiki User
∙ 16y ago
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What happens to the future value of money when the inflation exceeds the interest rate?
it will increase
What happens to the future value of money when the inflation rate exceeds the interest rate?
it increases
Do you have to let the insurance company total your car if you were not at fault?
Liability, or whether or not you are at fault, has nothing to do with your vehicle being deemed totalled. If the repair cost exceeds the local market value of your car, it is a total loss.
Can you sue the party at fault for property damage when cost of repair to automobile exceeds book value?
If the party at fault has damaged you auto mobile the the maximum they are liable for is the book value of the auto mobile. If the car is going to cost more to repair than it is worth then is is a "write off" and all you will get is the book value.
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
What it is called when the value of imports exceeds the value of exports?
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
If your car is in an accident what happens to the value?
The value of the vehicle declines. This is called diminished value; it can sometimes be recovered by submitted a claim to the insurance company of the party at fault. The claimant can look to do this or can hire a lawyer to assist with the process.
Does the insurance company have the right to total your car even if their insured was at fault for the accident?
Your car being deemed a total loss does not have anything to do with the liability of the accident. Your vehicle becomes totalled when the repair cost exceeds the local market value of your vehicle.
What is benefit principle?
Ensures that the value of information exceeds the cost of providing it.
Where to find the value bay state 16 gauge shotgun?
Value seldom exceeds 100 USD
What is the value of a 22 caliber made by US Revolver Company?
Value seldom exceeds 100 USD
The value of goods imported into France exceeds the value of French exports This indicates that France?
has a balance of trade deficit
