by Guest » Fri Dec 07, 2007 01:58 am
I was involved in a non at-fault accident. My car was a total loss and we owe more then it's worth. Does the insurance company pay the lienholder or do they cut us a check? Also...if they cut us a check are we obligated to pay off the lienholder. I don't have money for a car payment and am screwed right now as for getting a new vehicle. What happens to the car when it's a total loss? Canwe also get money for the salvage of the car?
Posted: Sat Jan 03, 2009 04:36 am Post Subject:
I used to be so willing to help people but I tell you once I started in working in the human service field, my sympathy went out the door. I see where people put themselves in the situations somehow, some way they contribute to their own misery.
Posted: Sat Jan 03, 2009 11:22 am Post Subject:
I remember to have heard of such a thing earlier when the claim amount could be more that the worth of the car. Will someone explain what might this claim comprise other than the worth of the car? Are you pointing a finger at the hospitalization charges?
Posted: Sat Jan 03, 2009 05:43 pm Post Subject:
Good natured, I really agree with you. I started to see the more I gave the less others gave back. I can only see it comprmising the worth of the car..as for the hops charges I do not know.
Posted: Tue May 19, 2009 05:37 pm Post Subject:
I am in this same situation and I'm very stressed out about the whole thing. The good thing about if I were to receive the check and not the lien holder would be that I could use that to buy another car and just keep making my regular payments on the totaled one. I have no idea at this point what will happen, though.
Posted: Tue Sep 01, 2009 09:18 pm Post Subject: car trouble
My car was totaled about 2 weeks ago not my fault my lein holder was paid off. I was told that I was receive to a balance
I was provided a rental car for approximately 10days
Know I am stuck without a car , no way to work,and no money to look for another vehicle any input would be helpful
Posted: Tue Sep 01, 2009 11:09 pm Post Subject: accident
Did the other Insurance not give you the 'Blue Book' value of the car? Maybe I'm missing something here...I don't know. Did you have an outstanding loan with the car? If THIS the case, then the money you would have received for the totaled car would have gone toward the outstanding balance of the loan.
Posted: Tue Sep 15, 2009 10:41 pm Post Subject:
i'm in the same boat. i owe more than it's worth and more than what the insurance company wants to pay. i was standing still when i got hit. the car is drivable, but they're saying it's totalled. at any rate, the leinholder is saying that i've only got 10 days to pay the balance of what i owe. that's preposterous. if i could do that i wouldn't be paying every month. why is it that i got hit and now i'm the one that's screwed. my insurance, the other guy's insurance, the leinholder all say the same thing and that's basically 'sucks to be you'.
Posted: Thu Sep 17, 2009 10:51 am Post Subject: accident
I'm in the same situation. When I 'totaled' my vehicle, I had an 'outstanding' balance, on my loan, even after the Blue Book value, of the car, was paid to me (or shall I say..paid to the Finance Co). Thank goodness I bought another car (in cash, this time). However..I still owe the oustanding balance. The Finance Co, I have the outstanding balance with, has been pretty understanding about this entire situation.
Posted: Fri Sep 25, 2009 01:34 am Post Subject: Car insurance fraud
Live in Missouri and i know someone that was cut a check in his name from a accident and he told them it did not have a lienholder on it so insurance made check in his name he cashed it and spent money..can he get caught doing this and how will the insurance company find out and why wasn't the lienholder contacted don't they look that stuff up first before cutting the check to you? and can he go to jail or get in any trouble for it?
Posted: Fri Sep 25, 2009 09:01 am Post Subject: insurance
Well, MAID4U..I wanna tell ya my experience with this. Before a check was given to me, the OTHER Insurance Co (Progressive was the OTHER driver's Insurance Co..) could give out a check for the 'totaled' vehicle (mine), they needed the Title to the car first. Since the Title was had a 'lein' on it, from the Fianance Co I had my car fianced through, the check went to the Finance Co. Didn't that "someone" you know have to give the Insurance Co the Title to the car FIRST (providing the car was 'totaled')?
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