I was hit by a drunk driver on Sat nite , My jeep cherokee was broad sided . the adjusters have said it is a right off? with the money I get back $ 2000 I could never get another car of the same value ...so can I get it fixed and make the other guys insurance pay ?
2007-01-23 11:23:12 · 11 answers · asked by silvertouch2 2 in Cars & Transportation ➔ Insurance & Registration
They would have to give you an amount that you can show you would have to pay for a like vehicle if it is totaled. If you would buy another jeep similiar to yours...same yaear, options and similiar mileage..for 5K you would get 5K. Start doing some looking around your area for jeeps for sale. Try used car lots etc. Don;t get screwed over...do some research and know your rights...
2007-01-23 11:28:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The insurance company is always going to pay Actual Cash value on a vehicle, no more than that. Now if you take that money and get the car fixed and get into another accident, you may not be able to get the car fixed again, b/c, most states require you to obtain a salvaged title, and the insurance company wont pay to fix it after it was already totalled once.
2007-01-23 19:34:21 · answer #2 · answered by GrnEyedBandita 3 · 0⤊ 0⤋
the real question here is , what is the book value for your vehicle, go to the bank and ask if there is a loan value available for it, its usually 85 percent of what the car is worth. Depending upon the damage and assuming you adjustor's is on the up and up ,you can get the vehicle repaired but it will have a salvage title, which means when you trade or sell it will reduce the value of what you ask considerably. Also look up Kelly blue book and see what the value is, You don't have to settle with the insurance if you can prove the car is worth more. Another thing is to ask the salvage value of the vehicle if your considering buying it back after the claim is settled.
2007-01-23 20:06:17 · answer #3 · answered by lego 2 · 0⤊ 0⤋
If I understand this correctly you cannot get the other guys insurance to pay if your company has already paid the car off. You have the choice to fix the damage but at that point you car's title changes to what is called a salvage title. Which tells any future buyer that you car has been totaled at some point so it isn't likely to get you any money down the road.
2007-01-23 19:28:41 · answer #4 · answered by joys.poohbear 3 · 0⤊ 0⤋
nope. a write off is a write off no matter what insurance co. you are dealing with. if your ins co totalled the car, then the other one will also. the whole idea of a total is not to fix a car that isnt worth fixing. its cheaper for them to pay you for the value of a 2500 dollar vehicle, than to spend 3500 dollars fixing it. if you think you are owed more money, then take them to court. but, they are shrewd people, those insurance guys. you may be wasting your money.
2007-01-23 19:32:20 · answer #5 · answered by gearhead_35k 4 · 0⤊ 0⤋
A "total" just means that it would cost more to fix it than it's worth. You can take the money they give you and repair your car or get another.
2007-01-23 19:27:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
take the check and use it as a down payment on another car. ask the insurance company to release your totaled car to you. sell the totaled car for parts or to a body shop. buy yourself something nice w/ that cash and forget the accident happened.
s-hit happens, lifes a b-itch
2007-01-23 19:29:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
When an insurance company deems your vehicle a "total loss" they own your car. The only way to keep your car is to buy it from them at whatever price they would sell it in an auction once they repair it.
2007-01-23 19:27:57 · answer #8 · answered by rob1963man 5 · 1⤊ 0⤋
absolutely not. Insurance (and the other driver) only owe you for repair cost of your vehicle or the actual cash value. Nothing more, nothing less.
2007-01-23 22:07:06 · answer #9 · answered by la428282 6 · 0⤊ 0⤋
The best you can do is try to buy it back and repair it. You have no further recourse if that was all the value of the vehicle was.
2007-01-23 19:27:31 · answer #10 · answered by JohnCub 2 · 1⤊ 0⤋