answersLogoWhite

0

no

No, the insurance company has a responsibility to the lienholder first, then you get the balance of the settlement based on the local market value of your car. Insurance companies are not responsible for purchasing you a new car and the settlement is based on the value of the car you had an accident in. The settlement is not based on what it will cost to buy another vehicle.

User Avatar

Wiki User

9y ago

Still curious? Ask our experts.

Chat with our AI personalities

JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
BeauBeau
You're doing better than you think!
Chat with Beau

Add your answer:

Earn +20 pts
Q: If you have full coverage and total your car will the insurance pay for another car even though the one you crashed wasn't paid off yet?
Write your answer...
Submit
Still have questions?
magnify glass
imp