Wiki User
∙ 10y agoFirstly, there is no such thing as full coverage auto insurance. This is just a term that developed over time to mean whether or not you wanted physical damage coverage on your vehicle or not. Secondly, if you have physical damage coverage this has nothing to do with what you owe on your vehicle. the physical damage section of an auto policy says that the insurance company has the option to repair, replace, or pay the actual cash value of your vehicle. I suggest if you purchase a new vehicle to consult your agent about GAP coverage which will pay the difference between the ACV of your vehicle and the amount owed. Never purchase this from the dealer and it will cost you several times what you can get it from your insurance company for.
Wiki User
∙ 10y agoIt 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 u sold the car yes,if you totaled it the insurance should pay it off providing you had full coverage and not at fault
Yes, but proof will be necessary - determining fault. Some insurers like to mess with your head and question the "fault" and deny coverage. Get it in writing - possibly by the at-fault driver or YOUR insurance company. Here in Canada, even if you only have PLPD, if the accident is not your fault you are covered for repair, minus the deductible.
In this state, a no fault state, full coverage insurance covers the other vehicle if you are at fault.
get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........
Its your fault
The amount of the repair bill. You might also get a rental car if you have that coverage on your own insurance.
If the accident is your fault, your insurance company is not going to pay out anything. If it is the other person's fault, the other insurance company will be liable.
This is sort of an educated guess, but I believe the insurance would pay the dealer and not you. I simply say this because when leasing, you never own the car, you simply "rent" it for a definite amount of time.
Yes, Michigan law requires no-fault coverage for all motor vehicles. This coverage must include personal injury, property damage, and liability coverage.
No fault car insurance is coverage designed to compensate victims of car accidents via their own insurance company, regardless of which driver was in fault.
You only get a rental if your policy specifies that you chose to pay extra to have rental car coverage. Having collision coverage is not the same thing as having rental. Collision coverage just covers the repairs to your vehicle. If you are not at fault for the accident, the other person's insurance will provide you with a rental car.