2007-12-28 23:05:18 · 7 answers · asked by Tabitha 2 in Cars & Transportation ➔ Insurance & Registration
Yes, the car was a total. They had to use the jaws of life to get me out (or so they tell me, I was out cold).
And still to this day I can't go and look at the car, I think I'm afraid of the whole experience.
2007-12-30 08:12:02 · update #1
Insurance companies do not purchase you a new car (or what every your means of transportation is). They settle with you in cash and you purchase a new vehicle.
As far as how long - it depends on the claim. If the adjuster is having a hard time getting a hold of the parties involved it can take longer.
There is no time limit.
2007-12-29 00:48:32 · answer #1 · answered by Boots 7 · 2⤊ 0⤋
By "replace", I'm assuming the vehicle was damaged in an accident and is a total loss.
It _can_ take a long time... it really depends on the adjuster and their work load. It also takes a few extra days if the vehicle has a lien. Let's assume the vehicle has a lien... the adjuster needs to contact the lien holder and have them fax a paper stating that the lien holder will send them the title (if in your state the lien holder keeps the title) once they have the insurance companies payment. Once this letter is received, the carrier can issue payment to the lien holder. At this same time _some_ carriers will issue a payment to you but hold back 20% of the remaining amount until they get the title. Some carriers may hold all remaining money until they get the title. It can take 2-4 weeks to recieve a title from the lien holder.
If their is no lien, the carrier simply needs to have you sign a power of attorney or the title and send it to them. Once they have the title, they can issue payment to you.
2007-12-29 12:55:37 · answer #2 · answered by Todd C 4 · 0⤊ 0⤋
Yes - like forever. An insurance company isn't going to buy you a new car, they're only going to write you a check. Buying the car is actually up to you.
MOST of the time, if you have coverage under your policy, you'll have a check within 10 days, made payable to both you and the lender, if applicable.
2007-12-29 15:53:20 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
Well, that depends on your insurance coverage, if you did not pay for it in the premium, you ain't going to get it. If the other driver is at fault and has insurance, that company may provide a rental for a resonable time period.
Now, I don't want to sound like a smart a$$, but you get what you pay for, so, if you go with the cheap insurance rates, you get cheap insurance.
2007-12-29 10:06:40 · answer #4 · answered by sfcjcl 5 · 0⤊ 0⤋
It all depends on your coverage. Did you purchase insurance for transporation in case of an accident? If so the coverage is immediate. If not, it will be out of pocket.
2007-12-29 08:54:56 · answer #5 · answered by Advantage-ME 6 · 0⤊ 0⤋
if you are having your auto repaired and you have extended transportation on your policy, you are entitled to a rental immediately. if you auto was a total loss, it can take a while for the claim to be settled.
2007-12-29 09:44:02 · answer #6 · answered by Queen B 6 · 1⤊ 0⤋
Yes,,,,expect 30 days forsure.
2007-12-29 08:32:14 · answer #7 · answered by gravel128 5 · 0⤊ 0⤋