what will happen if a insurance company doesn't want to pay your total lost in your car?

Question

i lost my car in the store someone stoled it and destroyed my car now the insurance company doesnt want to be responsible

Answer 1

You are not telling the whole tale. If your insurance doesn't want to be responsible it is only because you have no coverage for auto theft.

Go back, and check your policy. This sounds pretty clear and basic.

Good Luck.

.

Answer 2

Theft falls under comprehensive coverage. Do you have comprehensive coverage? If so, your insurance should be paying the claim. You will need to turn in a polic report.

The insurance company should give you the approximate value of the car at the time of theft. Now if you owe more than what it is worth, that is where Gap insurance comes in. Do you have Gap insurance to cover the difference? If not, then you have to pay the finance company the difference.

Now if you had liability only on this car, then you are S.O.L. because liability does not cover theft.

Answer 3

They are required to pay the cost of the car at the time of recovery. if you owe 15 G and it is only worth 10 G they are only required to pay the 10 G. This is the reason for a thing called GAP insurance at the loan originators office the day you buy it.

b44 is right on the liability, if you just have that then you are out. at least you can get the car and rebuild it......Sorry....

You can always negotiate with the insurance company, but good luck..

Answer 4

You are responsible for the loan debt, regardless of whose fault. The loan was made out in your name. The insurance company only has to pay out what they feel is "fair market value" of your car at the time of the loss. Basically, the "trade-in" value. Usually they use NADA values. You are responsible for the difference in what they give you and what you owe the bank. You are also responsible for your deductible.

Answer 5

Did you have coverage for theft on your vehicle, or did you just have state minimum for comprehensive coverage? If you chose not to increase your coverage to cover fire, theft, and collision, you essentially told the insurance company "If anything like that happens, I will accept the loss."

So, accept the loss. Sorry about that, but without coverage, you get nothing.

Answer 6

The insurance company is required to give you full market value for your vehicle, if your policy covered theft. You need to read the policy to see if you agreed to something you didn't really want. If you carried only liability, you would not be eligible for reimbursement.

Answer 7

Will depend a lot on what type of coverage you have. If only liability then you are not covered for theft. If you had full coverage then consult a lawyer. I know which is the biggest shyster an insurance agent or a lawyer?

Answer 8

if you have theft you are covered...they only will give blue book value ...was there a police report for the theft? The insurance company will need to see that!

Answer 9

You will have to pay the whatever is left. That happen to a friend of mine. She is still paying on it plus another car payment.

Answer 10

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