2006-07-20 10:22:41 · 6 answers · asked by B.K. W 1 in Cars & Transportation ➔ Insurance & Registration
so does the insurance co pay off my car n what do i do when looking for another car
2006-07-20 10:37:45 · update #1
If you are happy with their offer, you accept it, they give you a check, and they are done with you. You can start looking for a replacement whenever you'd like.
2006-07-20 11:35:41 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
Just remember that the check represents what the car 's blue book value( minus wear&tear) was before it was stolen NOT the amount you owe. If you had "Gap insurance" the total amount of the loan would be paid off
2006-07-20 11:00:35 · answer #2 · answered by ric_ozz 3 · 0⤊ 0⤋
You should ask for a copy of his estimation; a copy surely will go to your insurance company for payment considerations. If you didn't have "gap" insurance, be prepared to be a tad disappointed at the check they offer you.
2006-07-20 10:28:06 · answer #3 · answered by Mr. Wizard 7 · 0⤊ 0⤋
your settlement will be actual market value not blue book. The insurance pays the lien holder first anything left over you will get if your upside down then you will still owe on the car.
2006-07-20 16:36:47 · answer #4 · answered by trailsman1961 3 · 0⤊ 0⤋
you can either take the check or dispute it to get more $ out of them
find some comparables for sale locally and use that for ammo
2006-07-20 10:27:59 · answer #5 · answered by eagle1wi 2 · 0⤊ 0⤋
you accept the offer, they send you a check for the offer less the title holdback, you send them the title, they send you the holdback amount.
2006-07-20 10:27:04 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋