I recently got rear-ended and it later turned out that my car suffered a total loss. As a result, the other party's insurance had to settle with us but they said that there's a maximum amount of money they can give out because of the other party's coverage says that their property damage can only give out $5000 max.
Now the estimate that came out for repairing the entire car is a little over 8 k, so i'm basically losing 3k!
Furthermore, apparently I now have to report my car to the DMV and get a salvage certificate and do all this junk to re-register the car and get a new title.
Can anyone help me understand this property damage clause on the car insurance because I'm not too keen on it, and how is that when I had no fault in the car accident, but am still losing money. And can anyone clear up the stuff I have to do regarding salvaging the car with the DMV? I dont understand that procedure either.
Thanks.
2007-08-30
13:59:27
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13 answers
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asked by
Tom P
2
in
Insurance & Registration