Can you keep a totaled car?

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PostPosted: Mon Apr 30, 2012 9:11 pm   Post subject:   

That document can be used to confirm owership but theyg owe the value of the vehicle, not what you paid. If they try to limit the amount by what you paid, ask them if they would consider paying $100,000 if that is what you paid.


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PostPosted: Sun May 13, 2012 10:58 pm   Post subject: Hail damage. They might total my car.  

If you owe more than the car is worth. Does that mean i have to come out of pocket for a new car or do they help out. Or can you change your mind about the claim.

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PostPosted: Mon May 14, 2012 12:46 am   Post subject:   

Quote:
If you owe more than the car is worth


You will still owe the balance of the loan after the insurance payment is made to the lender.



Quote:
Does that mean i have to come out of pocket for a new car or do they help out.


Come out of pocket for a new car? You won't even be able to finance a new car until you pay off the old one. Do they help out? Yes they pay the Actual Cash Value of the old car to you and/or your lender. What more do you want?


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PostPosted: Fri May 18, 2012 5:11 pm   Post subject: Totaled Car  

I was told a new Florida law says a totaled car can't be repaired and put back on the road. Is this true?


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PostPosted: Tue May 22, 2012 1:34 am   Post subject:   

No, that's completely false. In fact, Florida law permits vehicles to be salvaged and retitled, and sold to other persons. Keith Griffin at About.com, also has this to say:



Quote:
There's an interesting twist to the Florida law. You can't just dispose of the vehicle. You have to prove it is a total loss. You have to obtain a salvage certificate of title or certificate of destruction. You have to provide the department with an estimate of the costs of repairing the physical and mechanical damage suffered by the vehicle for which a salvage certificate of title or certificate of destruction is sought. Only after getting a certificate of destruction can the vehicle be dismantled or destroyed.


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PostPosted: Tue May 22, 2012 2:22 am   Post subject: changeing insurance companies  

if I turn in a claim with my present company and befor vehicle is fixed I change companies does the old company still have to pay for repairs?


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PostPosted: Tue May 22, 2012 12:21 pm   Post subject:   

Your vehicle is covered under the insurance that was "in force" at the time of the loss. The new insurance has no responsibility for the loss, and the former insurance company cannot refuse to pay because you later decide to obtain coverage with another company.



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PostPosted: Tue Aug 14, 2012 1:47 am   Post subject: buy back after settle  

I have settled with the insurance company, and now I wish to buy it back before it goes to a salvage yard.



Is this possible in CT, and will the insurance look down on us, cause they gave a offer to keep the car, but we said keep it, and pay us, and then we try to buy it back for a couple hundred bucks after the settlement?


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PostPosted: Sat Sep 15, 2012 9:08 pm   Post subject: car totaled  

I have a 1999 Mercedes Kompressor ,did some body damage the ins co says its totaled so i want to keep it and get it fixed they offered me 5,900 plus 500 deductible without seeing it or adding leather seats etc what should i do or does anyone knoe the value I am 82 and cant navigate computer well someone plz help

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PostPosted: Thu Nov 15, 2012 9:33 am   Post subject:   

I have a1997 lexus es300 i was involved in a accident where my back passenger door was hit and dented towards the bottom. Will my insurance company total my car?


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PostPosted: Mon Jan 07, 2013 10:57 pm   Post subject: Total but driveable  

My car was total because the value of my car is lesser then the repairs on the car my car just needs a dent pulled out and a bumber replace and the insurance company wants to pick my car up and telling me they cant allow we to buy my car back at a reasonal price how do I handle this situation cause I had put over 2000 $ into my car in 2012 of last yearin the begining of the year and in October and November


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PostPosted: Thu Jan 10, 2013 8:02 pm   Post subject: In limbo over repairs  

Brief summary-currently working on claim. I brought to my own body shop and they estimated $5,800 to repair my 2004 Volvo SUV. When you visibly look at the damage to my driver side doors, it is minimal (with approx 90% of damage to rear door, a tiny bit to front door). I am going to have it inspected by my insurers adjuster in a week. I am about 90% certain they are going to declare this a total loss because best case scenario the ACV is about $8,000. So I am in limbo here, the damage is cosmetically minimal, the car is otherwise well maintained and runs very well (I am still driving it with no issues). Assuming it is declared a total loss, can I have minimal repairs done (such as only have front door replaced which again sustained about 90% of the damage)? My line of thinking is that this would reduce the repair costs below the "total loss" threshold.


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PostPosted: Fri Jan 11, 2013 2:51 am   Post subject:   

Paul, you aren’t required to have insurance address this problem at all. You are certainly free to pay for the repairs out of pocket. In fact, depending on your deductible and how much is still owed on the vehicle, it might make more sense.



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PostPosted: Fri Jan 11, 2013 12:38 pm   Post subject: RE: In limbo over repairs  

Stew, thanks for the reply but here is the issue. If I have repairs done so that the care is 100% repaired, it will cost me $1,000 deductible minus salvage cost (assuming it's declared a total). If I repair on my own, at a mininum it will cost me $3,000. Rock and a hard place here.


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PostPosted: Fri Jan 11, 2013 9:41 pm   Post subject:   

Come back with your question after the insurance company gives you their answer.



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