.....provide you with a new car? Do you get to pick something? How does this work?
2006-12-12 17:07:22 · 8 answers · asked by ? 5 in Cars & Transportation ➔ Insurance & Registration
they will come have a look at your car make and model before pricing it after they do that they will send you a check in the mail for the market value of that car and then it is up to you what you do with the money.
2006-12-12 17:16:36 · answer #1 · answered by Apsie 1 · 0⤊ 0⤋
The other insurance company will not provide you with a new car but rather the value of your vehicle at the time of the accident. Present value means including the depreciation cost and other stuff like that. Now, you have the option of buying your car back if you want, but that is a different process all together. Normally, the other insurance will give an offer, and I suggest you haggle for a higher price if you think that the price is not right.
2006-12-13 10:30:45 · answer #2 · answered by David 4 · 0⤊ 0⤋
They generally don't provide you with a new car. After several months, you will be paid a portion of the total amount your car was insured for. Depending on the age and condition of your car, this could be a very small sum. Even though you weren't at fault, you will lose your no-claim bonus and have to pay more for car insurance in future :(
2006-12-13 01:11:35 · answer #3 · answered by brown_poopy_eater_&_penis_chompa 1 · 0⤊ 2⤋
The insurance company usually gives a "rate" on your car. You should receive money, and pick out what your want.
2006-12-13 04:03:08 · answer #4 · answered by Pzee 2 · 0⤊ 0⤋
In Canada, it's your fault and you pay for it either totally or with what's called your insurance deductible- a premium that's usually from $200 to $500 or more depending on your driving record, which I think is wrong! A person who commits a wrong should be the one who is penalized for it, whether it's your car or not!!
2006-12-13 01:17:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The insurance company sends you a check for the amount your car was worth then you can go buy whatever car you want and can afford
2006-12-13 01:10:45 · answer #6 · answered by romello20000 2 · 2⤊ 0⤋
the insurance company will give you a check based on the value of your car, then you take the check and go buy another car
2006-12-13 04:43:18 · answer #7 · answered by Loollea 6 · 0⤊ 0⤋
They will pay you the actual cash value of your car. What you do with the money is entirely up to you.
2006-12-13 04:29:35 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 0⤋