I crashed my car yesterday and it was totally my fault. i have got in contact with my insurence informing them and giving the details of the person i crashed into..at the scene the police sed my car was deffinatly a 'total loss'. When i spoke to my insurence they sed they are going to arrange for my car to be assesed and go from there, what i want to know is, if the car is a total loss, will i be able to get a new one threw my insurence, and does anyone know how long this kind of thing takes? im a student and need to be able to get to college and work! im so gutted... and it was my boyfriend i crashed into... what are the odds! also i have a personalised number plate, will i be able to have his transferred onto a new car? thanks guys.
2007-03-25 04:47:00 · 4 answers · asked by kath c 1 in Cars & Transportation ➔ Insurance & Registration
It depends on your coverage. If the car is still being paid for, they will probably pay off the car but beyond that, it really depends on the fine print in your policy. You might get a replacement, you might not. If you do, expect your rates to go up on the new one.
2007-03-25 04:59:12 · answer #1 · answered by Resident Heretic 7 · 0⤊ 0⤋
Okay, you have a couple things here, let's start with the car being "totalled". Most cars these days have unibody construction, this means when you get in a wreck, it is alot harder to repair and is more expensive, many will be totalled because the repair is more then the value of the car. That's where the next part comes into play. If you had a loan on this car, and you paid more then fair market value for your car, your loan will not get paid in full, because the insurance company is only going to give "blue book" value for your car, if you owe more, you must pay that amount off, on your own. In this case, you would have no car, and owe the balance on the loan. Unless, you carry "gap coverage" insurance. The gap insurance, is purchased for cases like this one, the gap coverage would cover the loan in it's entirety. However, if you made a good purchase, you don't owe much more on the car, the loan would get paid off and you would walk with a little cash to buy a new car, or a downpayment for a different car. The process can take 3months, but normally is less. If you have add ons, such as a nice stereo,speakers/woofers,nice tires/rims, or the interior is exceptionally well taken care of, you receive more for your car, if you decide to keep any usuable items, it will be deducted from your total,and you will receive less. Keep in mind, the insurance adjuster works for the insurance company, he is going to try for the lowest offer possible to please the insurace company, you need to step up to protect your interests, the adjuster is not there for your protection. Now the plates, if you want to keep your plates, you will need to notify the DMV of what you want to do, and then you just pay the extra to have them transferred to the new car, if they were crunched in the accident, you would need replacement plates, DMV will tell you the fee. Now, if alcohol was a factor in the wreck, your insurance may give you problems regarding payment, and your license may be at stake and you will need further info. Good luck,
2007-03-25 06:20:38 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
If your car is totalled- you will get the actual cash value of your vehicle. (it doesnt matter if you have a loan for the vehicle and it is more or less than actual cash value- that is all you are owed) If you have rental on your policy theywill give you a rental until they get the total loss settlement worked up. I fast and efficient insurance company can get a total figured out in about a week... but it really depends on how fast they get an appraiser out.
2007-03-25 05:16:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
A WRITE OFF MEANS IT;S NOT WORTH THE INSURER SPENDING THAT AMOUNT ON THE CAR TO RESTORE IT WHEN IT WONT BE WORTH THAT MUCH WHEN FINISHED OR IT IS SO BADLY DAMAGED IT CANT BE REPAIRED....THEY WILL ASSESS IT AND IF IT IS WRITTEN OFF YOU WILL GET THE VALUE IT WAS WORTH BEFORE ACCIDENT NOT A NEW CAR.....YOU SHOULD GET A REPLACEMENT HIRE CAR THROUGH INSURANCE TO TIDE YOU OVER . UNLESS YOU HAVE SOMETHING IN YOUR INSURANCE POLICY THAT SAYS YOUR NOT ALLOWED TO CRASH CAR INTO BOYFRIENDS CAR IT WONT MATTER HE HE.........FOXY
2007-03-25 05:04:53 · answer #4 · answered by foxy 5 · 0⤊ 1⤋