you will have to pay a debt and GET CAR INSURANCE
used of automobiles; completely demolished; "the insurance adjuster declared the automobile totaled"
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is 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
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
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.
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
No, they will not.
This is total nonsense!My total is 52.
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.