My car got wrecked int he back..my car is worth 14000 and damage is like 7, ooo or so...it's still awesome red, tinited windowns Alrero 2004...I'm still making monthly payemnets on it???Some one please help i'm dumb with this and it's in a uto body shop waiting for me to make a decision. Any help please!!!!
2007-03-26 18:50:51 · 1 answers · asked by Questions 2 in Cars & Transportation ➔ Insurance & Registration
Talk to the insurance company you had before and ask them to cover it. Often they will allow for some overlap in cases where you just changed coverage or changed vehicles. For instance if you trade-in your car on Monday, and get hit on Tuesday before you could get over to visit your agent to change the coverage... they'll most likely cover it.
Now if someone else is at fault, and you know who they are, their insurance should pay for it. Have your insurance go after their insurance.
if you end up totally screwed on the insurance, keep making payments no matter what, no matter how much it hurts. You'll thank me later when you go to buy a house and you save $40,000 on interest because you have 780 FICO instead of 460 from defaulting on a car loan. Don't tell the lender that their collateral has been wrecked, or they're likely to demand payment in full on the spot.
2007-03-26 20:31:07 · answer #1 · answered by Wolf Harper 6 · 0⤊ 0⤋