2007-07-17 05:52:11 · 10 answers · asked by anthony c 1 in Cars & Transportation ➔ Insurance & Registration
No. If they total your car it means it will cost more to repair it than what it is worth. If your car is worth $5000 and it will cost $7500 to fix it, it's not worth fixing. They should give you a check for the value of the car.
2007-07-17 05:56:57 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Usually, if you decide to keep your car after the insurance company says it is totaled, the insurance company will deduct the salvage value of the auto from what they pay you. And, no, they won't repair it back to normal, that's why they paid you the totaled value less the salvage value.
However, if you repair the car yourself using the funds you receive or other monies, then re-insure the car with the same company, it would be just like insuring a new or different car.
2007-07-17 06:00:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, the insurance co. has decided that the repair costs will be more than the value of the car. The insurance co. will usually try to do that, to pay you directly, because it is usually cheaper to buy another car of equivilent value than to get their money and effort tied up for weeks and weeks with a possible rent-a-car on top of the bill. If they can get you to do all the work for them, fix it or not, they will come out ahead.
2007-07-17 06:05:06 · answer #3 · answered by Phillip S 6 · 0⤊ 0⤋
No all they have to do is pay you blue book value of the car. The whole reason why they total it is because it not worth the money to fix. Example: It will cost 5000 to fix you car and you car is only worth 4000. Then they will total it out and give you 4000. But if you agree to those terms you cannot keep the car. The title will transfer to the insurance company and they will get a chop shop to fix the car for cheap and then they will sell ti for 10,000! I know it sucks but its the way it goes.
2007-07-17 05:59:03 · answer #4 · answered by Anonymous · 0⤊ 2⤋
No. The reason they "totaled" it was because it could not be put back in the same condition for the amount it was worth. They base their decisions on what the car is worth (Blue Book) and what it would cost to repair.
2007-07-17 05:58:35 · answer #5 · answered by sensible_man 7 · 1⤊ 1⤋
No. If the insurance company has "totaled it", they give you a check and thats it. The car is then junked.
Some jurisdictions will also brand your title/registration as "SALVAGE" which means it can never again be registered.
2007-07-17 09:01:12 · answer #6 · answered by Tina F 2 · 0⤊ 0⤋
the above posters are correct.
plus remember that if you fix it up..it will be harder to sell later on becuase you will have to inform the buyers that the car was totaled.
And insurance rates are often times much higher for cars that were previously totaled unless you can show documention that the frame is in good condition.
2007-07-17 06:03:02 · answer #7 · answered by stetsonman_89 3 · 0⤊ 0⤋
No they does not do it whether you insisted that's carried out. usually in the event that they entire a automobile, its carried out. they pays you honest marketplace value, which you will guess is a lot below you think of its worth. in case you show an interest in procuring back the hulk, they are going to quote you a cost, it somewhat is in lots of cases bare bones scrap value. in case you settle to that quantity, they are going to deduct that quantity out of your payout. If the automobile became weighted down, they pays the loss payee and in turn they could deliver you the call. make certain the finance corporation is responsive to you need to purchase the scrap and you will need the call despatched to YOU, no longer the coverage co. some states require the call to get replaced with a salvage call indicating the automobile became in fact scrapped. particular states enable you to rebuild such autos and in the event that they pass their assessments, a typical call issued back, different states won't.
2016-12-10 14:50:43 · answer #8 · answered by ? 4 · 0⤊ 0⤋
No, if they totaled it they are saying it is beyond repair at a cost cheaper than simply replacing it. They have the option and have chosen to replace it. You can take the money and try to fix it but believe me, if they totaled it it probably is not worth fixing.
2007-07-17 05:57:28 · answer #9 · answered by Robert P 5 · 1⤊ 1⤋
no,if they total it they,ll give you what they think its worth and then you sort of purchase it back from them for a small price,but they wont fix it back for you,that will be up to you,once they pay you for it the insurance is no longer good on it anymore,it will be up to you to pay to fix it,good luck.
2007-07-17 06:16:02 · answer #10 · answered by dodge man 7 · 1⤊ 0⤋