2007-06-02 10:25:35 · 4 answers · asked by evyocks 1 in Cars & Transportation ➔ Insurance & Registration
I have STATE FARM insurance.
2007-06-02 10:26:47 · update #1
Yes, but only up to the Blue Book value.
-MM
2007-06-02 10:28:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They will pay you for that value of the car as current. Not for the value you owe on the car if any. So, in other words. You will get the blue book value for the car based on the mileage and cars condition including year and make. This does not always equal up to the value that you owe the lender for the vehicle. You need what is called GAP insurance for that (covers the difference between the actual value of the car and the amount you owe to the lender.
The insurance company will only due this after a stated period of time or if the vehicle is recovered. Depending on the recovered condition they just might pay for the repairs to the vehicle to make it in the condition that it was prior to being stolen.
Best to just call your local agent and ask them about this rather than calling the customer service phone number.
2007-06-02 17:31:44 · answer #2 · answered by C W 2 · 0⤊ 0⤋
have you read the policy ----- you only think you have full coverage ----- and if you get the ride stolen the ins co. will be reading your e-mail to see if you contracted to have the car stolen --- do you know about the deductible and the theft clause that says it will take thirty days for investigations before you get a settlement ---- go and buy a steering wheel lock and enjoy your car and do not let it be easy for the thieves to rocket yo ride ....
2007-06-02 17:35:45 · answer #3 · answered by XTX 7 · 0⤊ 0⤋
only the blue book value
2007-06-02 17:29:17 · answer #4 · answered by blubillygoat 2 · 0⤊ 0⤋