"Totaled" car, after being rear-ended
December 18, 2009: Rear-ended by a Canadian driver in a rental with neither rental insurance nor standard insurance. Estimated cost of repair: $4600. Estimated value of car: $4000. Conclusion by insurance company: totaled. I had to clean it out; it was painfully cold outside.
Car Insurance Coverage - Why It Makes Sense to Have the Right One
Most people look at car insurance as a burden. Because of State insurance laws, some buy minimum state mandated liability coverage to stay legal. But car insurance coverage options can help strike a good balance of rates and better protection. Read more
Figuring Total Loss Car Value
Want to know what to expect on your total loss settlement? Read this article and you'll be one step closer to having the tools you need to negotiate a fair settlement. Read more
Crisis Decision-Making: Avoiding Costly Fees in a Car Wreck
If you carry only liability insurance then you are personally liable for these fines because your insurance company is not required to pay. For totaled older model vehicles the fines to get your car out of impound are probably greater than the vehicle's value. ... Read more
What Happens When Your Car is Totaled?
Many drivers misunderstand what it means when a vehicle has been totaled (despite millions of cars being labeled as such each year). Most people think that such a car is deemed completely undrivable. In reality, this is not the case. Even though ... Read more
Insurance and Salvaged Cars
When a car is involved in an accident, the repairs will sometimes end up costing more than the value of the car itself, in this case, the insurance company will write it off as "totaled". Insurance and salvaged cars generally do not go ... Read more
Gap Car Insurance: Do You Need It?
What is gap car insurance and how do you know whether you really need it? Gap car insurance, like many other types of insurance isn't necessarily required. Read more
Gap insurance What is it? - Car Insurance Quotes
Drivers purchasing new cars are often urged to purchase gap insurance for this reason, as their car loan at the time would far exceed the car's value, which drops as soon as it leaves the lot. Both insurance companies and ... For example, a person purchases a brand new car for $28000. However; only weeks later the driver swerves off a road to avoid an animal and crashes into a tree. The unfortunate circumstance is that the car is now totaled. Since the driver has yet to ... Read more
Bogleheads :: View topic - car total - no fault accident
3) will insurance co , buy into kbb edmunds car-appraisal price. (Trade-in vs retail vs priv part ) 4) dealer or independent appraiser worth cost/time ? 5) knowing me, it will take a couple of weeks to buy a car, ... Read more
If an insurance co pays off the market value of yr car and gap ...
Reply by lucy gap word coverage picks up if a interest of your car if totaled is significantly reduction than a compensate off of your loan. ie debt $ 5000 value $ 4000 so in this scenario, a word process commercial operation pays a ... Read more
Insurance companies scoop on value of totaled car? | My Cheap ...
Qυеѕtіοn bу shady1070: Insurance companies scoop οn value οf totaled car? If thе market іn уουr area іѕ much higher thеn whаt nada іѕ, thе insurance іѕ going tο dο a market analysis. Hοw far саn thеу legally gο out. ... Read more
