the damage to my car exceeds

Message Author
Add to del.icio.us
Add to YahooMyWeb
Add to Simpy
Add to BlinkList
PostPosted: Fri Sep 04, 2009 9:55 pm   Post subject: the damage to my car exceeds  

the repair cost more than what i owe. can the insurance just pay off my note
thaddeuswilliams
New member
Leave a quick message


Joined: 04 Sep 2009
Posts: 1


1.26 Dollars($)

PostPosted: Sat Sep 05, 2009 2:02 am   Post subject:   

Usually they will pay no more then the value of the vehicle. Your contract with the lien holder is between you and the lien holder. GAP insurance addresses the difference (if you have it).
tcope
Forum Expert
Leave a quick message

Forum Expert
tcope
Joined: 22 Nov 2006
Posts: 3199

Location: Salt Lake City, UT
335.28 Dollars($)

PostPosted: Sat Sep 05, 2009 11:13 am   Post subject:   

Quote:
the repair cost more than what i owe. can the insurance just pay off my note
If you are saying INSTEAD of repairing the vehicle can you just pay off the note, and then dispose of or repair your vehicle on you own (NOT considered a total loss by the carrier), then the answer is yes....Just tell them that's what you want to do..
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Moderator
Leave a quick message

Lori
Joined: 10 Sep 2007
Posts: 7541
Highets Points
Location: Missouri
172.15 Dollars($)

Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1

 

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Hot topics in forums

Latest in blogs