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...if the other party decides to get rid of the wrecked car and get a new one, why don't you (the one who caused the accident) get to keep it? I mean, you pay for the car insurance, and your car insurance pays for them another car....so shouldn't YOU own it?

2007-05-23 00:49:18 · 10 answers · asked by Cinna 4 in Cars & Transportation Insurance & Registration

fire - lets try not to assume things, please....i didnt say *i* caused an accident, I said *you* as in others...why are you getting all excited with the exclamation points and all, just a question, i havent been in an accident in years...i just thought this would be an interesting, debateful question that might get some interesting answers.

2007-05-23 01:18:34 · update #1

10 answers

No, you don't own it. Your insurance company does. This is because the insurance company is the one that really pays
for the totaled car. You pay your insurance premium to the insurance company to get them to cover for your mistake,
Chances are your premiums paid to date did not equal the amount of the car, so no, you don't own it. Why would you want a totaled car, anyway ? Some insurance companies will let you buy totaled cars back. I did when mine was in an accident, but it had to have a salvage title and I spent more money than I would have on a brand new car getting it fixed up and it never handled right afterwards.

2007-05-23 01:13:51 · answer #1 · answered by txharleygirl1 4 · 1 0

If you were the one paying for the totaled car, you would own it. In this case your insurance company, not you, pays for the car, and they own it.

Why should you get anything out of an accident that you caused? The other party had a loss. Your insurance company had a loss. Both of these losses were your fault! You think you should be rewarded for this?

2007-05-23 01:01:25 · answer #2 · answered by fire4511 7 · 0 1

You didn't pay for the car or the damage to it. Your car insurance company did. And someone still owns that vehicle, damaged or not. That may be the bank that originally financed it, or the person who 'owns' it when you were in the accident.

2007-05-23 00:52:32 · answer #3 · answered by Snoopy 5 · 1 0

No, your insurance company owns it. If you want it, you have to pay your insurance company for it.

When insurance pays for a loss, they own the item they paid for.
They usually sell the usable parts to a car wrecker to recoup some of what they had to pay out for you. That way they don't have to increase insurance rates as much to cover the cost of paying off your damages.

2007-05-23 00:58:48 · answer #4 · answered by Nedra E 7 · 0 0

there's an insurance law that says that the insurance company gets to exercise your rights with regards to any damaged property which simply means they can keep any property that needs to be replaced and sell it on to make some of the money back that they have to pay to replace it, understand now?

2007-05-23 01:04:37 · answer #5 · answered by daniel m 4 · 0 0

the insurance company has the right to possibly use the wrecked car to sell for parts and possibly recover some loss

2007-05-23 00:59:09 · answer #6 · answered by selery222 4 · 0 0

a lot of the times the insurance company will sell the totaled vehicle off to a salavage yard for scrap parts. that way they make a bit of money off of the loss.

which i think is total bull.

2007-05-23 00:58:27 · answer #7 · answered by stella 2 · 0 1

You can buy it from the insurance company real cheap.

2007-05-23 00:56:42 · answer #8 · answered by Red 5 · 0 0

I've always thought that! Damn the law :)!

2007-05-23 00:51:59 · answer #9 · answered by pinhead_hey 3 · 1 0

damn the law

2007-05-23 00:53:53 · answer #10 · answered by Anonymous · 0 0

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