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 Posted: Mon Feb 25, 2008 7:26 am Post subject: what percent is total loss liberty mutual auto insurance |
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tchrist24
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Joined: 25 Feb 2008
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| Posted: Tue Feb 26, 2008 7:48 am Post subject: |
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Well, I've seen how their Gap insurance works from their online glossary (though I'm not sure of the relevancy of this data with respect to your topic):
| Quote: | | Provides coverage, in case of a total loss, for the 'gap' between the amount due under the terms of the vehicle's loan/lease and the actual cash value of the vehicle at the time of the loss. Please note that there are vehicle eligibility requirements and the coverage may not be available in your state. Please contact your Liberty Mutual Sales Representative for more information . |
Now, this is what they have to say in this regard! So, you know for more you need to call up your broker.
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Plasticmind
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| Posted: Tue Feb 26, 2008 7:55 am Post subject: |
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Hi, for Liberty if the vehicle is not repairable, their total-loss specialist would definitely arrive at a fair market-value. It is also his duty to help you achieve another vehicle. Hope this helps in cooling things for the moment 
all the best for your case..
Turnaroundguy33
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Turnaroundguy33
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| Posted: Tue Feb 26, 2008 8:52 am Post subject: New car Replacement Program |
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All having said..
..I've some thing to covey in connexion to this. suppose you have a new car which got totaled, will Liberty replace it? Yes, they will & that too with no cost attached with its depreciation. Yes, but all of this would come to you in the form of their 'New car Replacement Program', a program for cars which are less than an year old. Such cars would also need to have a mileage level lower than 15,000 miles & brand new (not belonging to someone earlier). Hope this gets clearer now.. awaiting more from ur side..Rothin$$baldwin
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Rothin$$baldwin
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| Posted: Tue Feb 26, 2008 11:14 am Post subject: |
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Good morning tchrist24
We wouldn't have access to the percentage of automobile insurance total losses that Liberty Mutual settles in AL. if that is the question you are asking...as it appears. All ins companies have a criteria. Basically if the cost of repair exceeds the actual cash value of the vehicle minus it's salvage value it is a total loss.
If this is not your question please re-phrase it.
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Lori
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| Posted: Fri Sep 17, 2010 2:11 pm Post subject: Speeding cameras are one-eyed bandits |
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Officials in cities that enlist these cameras to catch scofflaws (but not generate revenue) count on good citizens lining up behind them in the nam...
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daliacooperq
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| Posted: Fri Mar 04, 2016 11:34 pm Post subject: Car total loss |
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I had a brand new leased car that got totaled. Will Liberty Mutual cover the full cost? Will I get my down payment back?
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Toallossdepressed
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| Posted: Sun Mar 06, 2016 4:27 pm Post subject: |
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| Quote: | | I had a brand new leased car that got totaled. Will Liberty Mutual cover the full cost? Will I get my down payment back? |
So it's a total loss? If so, they will pay the market value (Actual Cash Value). If it's a new lease it probably won't cover the entire lease amount.
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tcope
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