someone went into back of my car , damage is very not even noticable , say its not worth fixing and they have offered me money which i have excepted. solictor has now told me to get rid of the car , sell it , do whatever with it, his words. is it ok to sell this car on? does this mean i can keep it?
2007-03-25 07:50:44 · 7 answers · asked by no_nicknames_left_4_me 2 in Cars & Transportation ➔ Insurance & Registration
I don't know for sure, but it looks like your car was "totaled" by the insurance company. I would check with the dmv and make sure the car can be registered as it is. In my state a car that was totaled by the insurance company has to be tested by certain shops to be registered again.
2007-03-25 07:58:11 · answer #1 · answered by david d 5 · 0⤊ 1⤋
They write off your car when the cost of repairing it to factory specs is more than what you could buy a similar car for. On an older car, that takes surprisingly little damage, since remember they are paying a quality shop to repair it to factory specs.
It's possible that someone could repair it "on the cheap" for much less than that. Insurance won't pay for that, because they don't want to pay for shoddy repairs that will increase their liability costs later. They also figured out that paying for used parts causes other cars to be stolen to provide those parts :( So in the USA they absolutely refuse to pay for used parts.
It's also possible that the car could be partially repaired to be made usable.
If you sell the car you MUST disclose the damage and the fact that the insurance wrote it off. If you neglect to mention that, the law will consider that deception, and you could face civil or criminal penalties.
2007-03-25 09:59:27 · answer #2 · answered by Wolf Harper 6 · 1⤊ 0⤋
If the insurance company have settled the claim using the scrap value of the car as part payment you can do what you want with it, if they have paid you the full value of claim they will collect the car and keep the proceeds.
2007-03-25 08:30:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Normally when the insurance has totaled your vehicle and paid you its worth, they then own the vehicle and will tow it away to a recycling yard to get some of their losses back by selling parts off of it.
I'd suggest you contact them and find out for sure.
2007-03-25 08:07:20 · answer #4 · answered by oklatom 7 · 2⤊ 0⤋
If the insurance has written off the car and given you the vehicle than it is yours to do with what you wish. You could even put it back on the road, however you would probably have to prove to the insurance company that it is now road worthy. so you could continue to run the car your self if you have the work that they have written the car off for repaired.
2007-03-25 08:23:05 · answer #5 · answered by Anonymous · 0⤊ 2⤋
if the insurance have wrote it off you can buy it back from insurance company. cat d insurance loss is min.if you sell it you should make the new owner aware of it. the insurance can wright it off 4 60% of the value of your vehicle
hope this helps
2007-03-25 12:05:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
normaly yes.
2007-03-25 07:54:46 · answer #7 · answered by robashdown2 2 · 0⤊ 2⤋