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: Fri Sep 25, 2009 12:52 pm Post Subject:
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?
Your friend is most likely the claimant in this accident, that is how the insurance company cut him the check. When you purchase a car, you are required to show proof of insurance in most states. The dealer records this and processes the information to the state along. Upon purchasing a policy for this vehicle, the insurance company recieves this information once the vehicle is tagged and registered. An insurance company can sometimes get this information for a claimant's settlement, but thats rare. I suppose in certain situations you could go to jail, but most likely the lein holder will just sue you or garnish your wages or both.
Posted: Thu Jan 28, 2010 04:11 am Post Subject: old people shouldnt drive
old people shouldnt drive. an 87 year old lady ran a red light and t-boned me as i was taking a legal left turn in a left-hand turn lane. She didnt just run a light, like blew through a yellow or something. she was stopped at a red and suddenly started as though she had a green, even though she didnt. it was like she was trying to cause my car damage. There needs to be a test for people over 75 to drive, more than just a vision test. a cognitive test and reactionary test, etc.
What if i was a motorcycle? or a parent pushing a stroller across the crosswalk?
Old people truly shouldnt drive.
Posted: Thu Jan 28, 2010 11:36 am Post Subject:
Posted: Thu Jan 28, 2010 11:44 am Post Subject: Old people should not drive
There are no set guidelines here. Not all old people make such mistakes. So generalizing may not be fair. :D
Posted: Thu Jan 28, 2010 01:14 pm Post Subject:
Old people truly shouldnt drive.
And sixteen year olds should!? maybe blond's shouldn't drive either... Come on...look at the stats lady before you start generalizing...Should everyone have to take a cognative and driving test every ten years or so? sure I'll go for that..
While we're at it, let's raise the driving age to oh how about 35 or so for men, and 30 for women..then pull the license at about 70 for men, and about 75 for women..there we go, got 'er handled for you..oh yeah, NO one with glasses or hearing impairments can drive at all ever! :roll:
Posted: Fri May 18, 2012 10:38 pm Post Subject: car & lien & totaled
ok, my situation is odd and i'm not getting what to do.
i purchased my car april 9, 2012 it was hail damaged two weeks later (bad hail storm in stl) i turned it over to my insurance company & they said it was a total loss. But what they were offering is not even close to what I owe. (no gap was offered i did ask) anyways i was told i can buy it back (i've done before so understand how works just never had a lien before) I was told basically after my deductible and after "owner retaining" i would get about 2500 so basically i figured I have to fix everything I possibly can for that amount. But now I'm being told yes my lien holder will release the title but they are going to be receiving the check & I still have to pay the full balance of what I owe on the car. So another words I still owe $4000 and because I owe more than what the insurance company is willing to give I decided to buy back a piece of s*** saab that was nice till the storm. And my lien holder keeps my insurance check & it's not even being applied to what I even owe on the car. How is this fair? Isnt' there something that can be done? I understand i owe on the car but they made it clear i'm still paying the same amount on the car as to what I owe, and I was under the impression I was going to just have to chuck up the cellulite on the hood and passenger side of the car and just fix my windshield and convertible top. But now I'm ass out everything. I am almost thinking it wasn't even worth turning into the insurance company now since the car is going to have a prior salvage title and i'm not able to fix the car and making it's value even less by doing this. unless there is something i can do it just does not seem right. And yes I purchased at a stupid car lot out of being desperate. live and learn but any help in this matter would be helpful. I'm livid and dont' get how the lien holder (car lot) gets to make me pay full price of the car and gets my insurance check to do whatever they wish with. And i dont' get to even try an fix the darn car now.
Posted: Fri May 18, 2012 10:38 pm Post Subject: car & lien & totaled
ok, my situation is odd and i'm not getting what to do.
i purchased my car april 9, 2012 it was hail damaged two weeks later (bad hail storm in stl) i turned it over to my insurance company & they said it was a total loss. But what they were offering is not even close to what I owe. (no gap was offered i did ask) anyways i was told i can buy it back (i've done before so understand how works just never had a lien before) I was told basically after my deductible and after "owner retaining" i would get about 2500 so basically i figured I have to fix everything I possibly can for that amount. But now I'm being told yes my lien holder will release the title but they are going to be receiving the check & I still have to pay the full balance of what I owe on the car. So another words I still owe $4000 and because I owe more than what the insurance company is willing to give I decided to buy back a piece of s*** saab that was nice till the storm. And my lien holder keeps my insurance check & it's not even being applied to what I even owe on the car. How is this fair? Isnt' there something that can be done? I understand i owe on the car but they made it clear i'm still paying the same amount on the car as to what I owe, and I was under the impression I was going to just have to chuck up the cellulite on the hood and passenger side of the car and just fix my windshield and convertible top. But now I'm ass out everything. I am almost thinking it wasn't even worth turning into the insurance company now since the car is going to have a prior salvage title and i'm not able to fix the car and making it's value even less by doing this. unless there is something i can do it just does not seem right. And yes I purchased at a stupid car lot out of being desperate. live and learn but any help in this matter would be helpful. I'm livid and dont' get how the lien holder (car lot) gets to make me pay full price of the car and gets my insurance check to do whatever they wish with. And i dont' get to even try an fix the darn car now.
Posted: Sat May 19, 2012 10:28 am Post Subject:
If in any of the accidents, the car is a total loss, then surely a gap insurance will help in avoiding extra expenses made for the new vehicle. The insurance company will not at all pay for the recovery if a gap insurance policy has not been taken while insuring the car. The insurance company just covers the specified fields mentioned in the insurance.
Posted: Wed Jun 06, 2012 05:21 am Post Subject: car jack with only insurance not gap
Hi there,
I was car jacked last week and my car now is a total lost,but i am worried if my insurance will not pay what i least still owe which is 17300. how do they topically base the value of the car since its only one year old with only 24000K?
Posted: Wed Jun 06, 2012 01:25 pm Post Subject:
the car since its only one year old with only 24000K?
A "one year old" vehicle with 24,000 miles looks more like a two year old vehicle on paper. Your insurance contract promises ACTUAL CASH VALUE which is replacement cost minus depreciation. What you owe and what the insurance company pays are completely unrelated topics.
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