Do you have any options? The car may be totaled.
2007-03-05 19:09:26 · 8 answers · asked by G 2 in Cars & Transportation ➔ Insurance & Registration
geez, I hope you report the person above me!
It depends on if the accident is your fault or the other persons. If it's your fault, you are out of luck unless you happened to purchase a special plan at the time you bought the car, I have one that I paid $100.00 for that would pay my car off, the whole loan even if the totalled amount was $50.00! It's a smart option to get. Now if it's the other persons fault, you can demand the car be repaired and they have to fix it, they will try to con you and say it's not fixable but you have a right to have it fixed. My father was in an accident like that, his car was deemed totalled and my one friend who is a law student told him that he could demand it fixed, he did and he still has the car today.
2007-03-05 19:22:08 · answer #1 · answered by Tina of Lymphland.com 6 · 0⤊ 1⤋
If you are not at fault, you can look to the other persons insurance to pay for the car. And what that means is, if the car is a total loss/totaled....then they'll either give you the value of the car or the total damages, whichever is less.
If your car was not paid off, there should have been no reason you didn't have full coverage. Because if you were at fault, then you are going to have to finish paying off the car and there's nothing you can do about it. And what sucks, is that you will probably need another car and it will be rough making two car payments. Insure yourself.
2007-03-06 00:59:50 · answer #2 · answered by Rica 82 5 · 0⤊ 0⤋
Yes, you have options. If the accident was YOUR fault then you can get two extra jobs and pay off the wrecked car then buy another. -- then keep working those extra jobs for awhile and buy some collision insurance. You may be able to sell your vehicle (once you pay it off) to a salvage yard but don't expect more than a couple of hundred bucks in return. If the other party is at fault and they happen to have insurance then expect the insurance company to pay you the market value of the car. It that amount is less than you owe then you will have to pay the leinholder the difference.
2007-03-06 05:03:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There's nothing you can do unless you were involved in an accident with another vehicle that was at fault. In that case they would have to compensate you. If you just hit something like a pole, or it was your fault, your just gonna have to pay off the totaled car.
2007-03-05 19:23:26 · answer #4 · answered by jwplaster 4 · 1⤊ 0⤋
ok first was you in the wrong ,are the other person,,,, Now if it was the other person, the inc ,is going for him, are her,,,....what you got is inc, to cover the other person,,,,,,,so what going to happen ,your inc an hie comp, going to talk,,,,,,then they going to see how much to fix the car,,,,,now.... dont look to see any money comeing to you, if you own on the car, the one you owe, will be getting the money,, if it toaled out, an ,,, here the b ad part,,,, you going to pay the different, if ,the blue blue book, say you car, wourth less ,than you owe on the car,,,,,,
2007-03-05 23:45:35 · answer #5 · answered by ghostwalker077 6 · 0⤊ 0⤋
You are required under financial agreements to maintain collision so I would say you're hung out to dry on this one! Just keep making the payments so as to maintain credit to purchase the next one! Hopefully, you learn from your mistakes!
2007-03-06 02:03:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hope you have a lot of money saved up.Unless it's not your fault. If that's the case the other party should have to pay for your damages.
2007-03-05 19:20:40 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Let's start first with whose at fault. If the other driver was at fault, then their insurance will pay. If you are at fault, then you can pay your premium to have your car repaired.
2007-03-05 19:21:34 · answer #8 · answered by Mariposa 7 · 0⤊ 1⤋