If your insurance company says your car is a total loss but you want to have it stationary can they charge you a salvage fee to keep your own car?

If your insurance company says your car is a total loss but you want to have it stationary can they charge you a salvage fee to keep your own car?
Any vehicle, whether a total loss or not, has a value. A totaled vehicle, of course, has a significantly lesser value (assuming the actual total loss has already been lodged with the vehicle possessor). This value can be anywhere from Five – 25% of the pre-loss value of the vehicle.
If you determine to keep a totaled vehicle after lodging with an insurance carrier, they can legally eliminate the salvage value from your settlement. It shouldn’t be much, and you can request that they actually get a salvage quote from a salvage yard.
The idea behind this is that you can’t legally profit from a loss. In your case, if your totaled vehicle has a salvage value, and you’re keeping the vehicle, the insurance carrier must deduct that salvage value. Otherwise, you will get a utter settlement, and still retain a vehicle with some value.
But…attempt working with the carrier on what that salvage amount is going to be. Sometimes they’ll adjust it to get the loss lodged, since you never “indeed” know what the salvage value is going to be until the vehicle is sold at a salvage yard auction.

Do you have to keep making your car payments when the car is totaled and you are in the process of suing your insurance company to pay for the car?

Yes. Unluckily yes. Even if you lose your lawsuit and are left with a uselss car you still have to pay off the loan or default on it and let the dealership reposess it. Even then the dealership will ruin your credit and charge you for the remainder of the loan minus whatever they sell the car for, which won’t be close to it’s value. Bottom line, pay it or file bankruptcy or find a good lawyer that know a debt dispute loophole .

If your car is proclaimed a total loss how much will the insurance company pay back to you if the car was purchased below book value?

Regardless of what you paid for the vehicle, in most cases,if your vehicle is deemed a total loss, you will be paid the local market value of your vehicle. If you happened to purchase your vehicle for less than that, you lucked out:)

Related video:

Will insurance cover a total loss to a utter coverage auto when the car is covered by a private policy yet the car is titled to the proprietor’s company?

Not sure I totally understand your question. Are you both the holder of the company (and the car), the car is titled to the company, but have the car insured as a private/non-business auto? What were the questions on the application? They ask about business use, if those weren’t answered honestly there could be a problem. Or are you telling the company ou work for possesses the car, but you have to carry insurance on it? Same question about the application would apply. Please be more specific and I’m sure I could be of more assistance.

After lodging with the insurance company for a totaled car do you keep the car or does the insurance compnay?

Totaled vehicle .
Legally, if the company pays you for the totaled vehicle, it belongs to them. You can suggest (if they don’t) to by the scraps back. This would be deducted from your settlement and you would be paid the difference.

What argument can be used when an insurance co claims a totaled car is salvage and deducts from the payment but the title doesn’t say it is salvage?

Response .
Your question is unclear. Did the insurance company declaire the car that was insured was a total loss. After that they would pay you for the entire value of the vehicle and keep the car since they paid you for it. The insurance company can then sell the bruised vehicle at an auction and make up for some of the loss or they can let the insured keep it and deduct the value from the claim settlement. I am an insurance agent but not a claims adjuster..
Your questions is indeed unclear but I am assuming your car got totaled and they paid you less, as tho’ it was a totaled vehicle to begin with. They might know something you don’t. If you purchased the car in the last Legal months from a dealer or person who gave you a clean title, the car may have in fact already been totaled but they determined to not file a claim and instead motionless it themselves at a cheaper cost and passed the car (and clean title) on to you. Meantime, the insurance company might have totaled the car and reported it as such. Or, the car was totaled in another state, moved to your state (a process called titled washing) and got a clean title for the brief term, long enough to resell the car with a “clean title” even however it was totaled. When you renew your registration the title will come up salvage. Did you run a Carfax on this car prior to purchase?

Is it legal for your insurance company to deny a loss for a car that was totaled?

It would depend on why the car was totaled and who’s fault the accident was and what time of insurance do you have PLPD or Total Coverage

How can you get the insurance company to say your car is totaled when they claim they can fix it?

You can’t. Usually it is up to the insurance company’s discretion. They have the right to lodge their insurance claims for as little as possible without litigation.

If the insurance company totals your car can they take it from you?

After they give you a check for the value of the car (less your deductible), it is their car. If you want to keep it and repair it yourself, you can buy it back for the “residual value”. You can negotiate this value with the adjustor. One caution: If you keep the car you may also have to pay some storage charges to the repair shop that is holding it, especially if you do not have them make the repairs.

What companies will insure salvaged title cars?

Response .
Many companies will but the policies vary from state to state even with the same insurance company.

How do you transfer a title on a car you are keeping that was totaled by the insurance company after a deer hit the vehicle?

Response .
If you are keeping the car with the intention of repairing it yourself, you should be able to turn the title in to the DMV and get a non-highway title. Then when you have the car repaired, you will have to have the car investigated to showcase that it meets all safety requirements and get a “salvaged” title. The salvaged title will make the car tighter to sell (unless you reduce the price well below blue book) and insurance companies will be reluctant to insure it. If it is an older car, some fairly minor bod work could be enough to total it, and if the car still runs or minor repairs would make it driveable, I wouldn’t do anything with the title. Just keep it registered and insured until you get it repaired. Unluckily, every insurance company in the world seems to have access to every insurance claim, so they will still know it has been totaled, but you’ll still have a normal title.

What do you do if your car was totaled in an accident and the insurance company doesn’t want to give you what you have found on the internet for comparable vehicles they say they can find it cheaper?

Reaction .
Keep in mind that the insurance company will compensate you for the actual cash value of the vehicle. This means the amount of money that it would take to substitute the vehicle. Insurance companies do not use advertised prices to determine actual value. When was the last time that you actually paid “sticker” price for a vehicle?

What will your insurance company cover on your salvage title car if in an accident?

in most states, even if a salvaged vehicle has been repaired it is still a ‘branded’ title…and thus worth less…….in the states i work in a fully repaired salvaged title vehicle is worth anywhere from 30-50% less on a total loss, (reduces the actual cash value)……..now, if salvaged vehicle say is worth 4k and damages are 1k, then they will repair the bruised portion……

If your insurance company says your car is a total loss but you want to have it stationary can they charge you a salvage fee to keep your own car?

You almost had your car repossessed bc you switched insurance companies and finance company wasnt notified you called and worked everything out they still want to charge 300 in towing fees is it legal?

Response .
Put the blame on your insurance agent, he was supposed to send a binder to the finance co. But, I have never heard of a car being re-posessed for this.

Can you fight your insurance company in a your fault accident after they immobilized your car when it should have been totaled?

Reaction .
Absolutely! Regardless of fault, if you carry sufficient coverage (collision/comprehensive) you are entitled to have your vehicle either repaired to a “safe” standard, or a write-off payment received. The difficult part of proving such is in the time thresholds. DO NOT wait too long to seek a claim for a total loss. There is always the cargo of proof in this case, where you may have bruised your vehicle “after” the fact, and after such repairs were made. Note any evident harm, (eg. Doors not opening decently, engine problems) and have a certified assets shop/mechanic inspect the vehicle RIGHT after the initial repairs are made..
Generally an insurer will have an appraiser re-evaluate the damages to see if indeed, they were caused by the accident.

Does your insurance company have to cover your car after they said it was a total loss in California?

Reaction .
Time to break out the policy and have a look. Most the time they will not give you enough to pay off your current loan. Even tho’ your car is no longer salvageable, you still are responsible to pay for the remainder of your loan.

If you want the insurance company to total your wrecked car can you negotiate this?

To Total Or Not To Total?? .
Not indeed. Albeit things from vary from one state to another, usually they will repair the car if the harm value is 70% or less of the car’s current book value. I’ve never heard of anyone doing this so I’m not sure if it’s possible, but you COULD call the insurance company and tell them you’re willing to lodge for a check directly to you for less than the harm estimate. The company will most likely agree as ALL insurance companies want to lodge for as little as possible, but state laws may prohibit that because once a car is give a totaled or salvaged title it’s reported to the state. To reaction the question most of the time if they choose to repair it you have to side with that option most of the time, if you feel otherwise, consult your local auto accident attorney.

If you car was determined totaled by the insurance company are they permitted to tow your car to salvage before issuing a check?

Reaction .
Sure. Don’t worry, one is coming in the mail.
Reaction .
Don’t worry about the tow but don’t give em the title without a check in mitt very first!

When a car with only liability insurance and a salvaged title is totaled a 2nd time what is the responsibility of the at faults insurance company as far as replacement?

Response .
The title is irrelevant, they need to put you in equal transportation during the claims process and issue you a check based on the cars book value. If they give you less then you feel is reasonable you do have the capability to negotiate. You better have logical well thought out facts tho. In other words, what will it cost to substitute your vehicle with an equal to your vehicle?

How much should you get if your car is a total loss and has a clean title but a previous salvage title?

Total Loss Value .
Respective of the Vehicles title condition, You are entitled to fair market Value. Basically this means you are entitled to the amount it would cost you to purchase the same or similar type and condition vehicle..
Response .
when you say has a clean title but had a prior salvage title, i am assuming you mean that the vehicle was repaired and probed by your state and deemed no longer a salvage title? if that is the case then there would be noextradeduction for the ‘branded’ or salvage title which can lower a vehicles actual cash value anywhere from 25-50% whether repaired or not………more details and perhaps i could be of more assistance……

CU put insurance on your car you were in an accident the insur. co is telling that it is totaled but the fee they said they will give the CU is what repair shops have quote to fix can we fight?

Single Interest Insurance .
Single Interest Insurance is insurance that the lienholder, finance company, or lender will purchase to protect the lenders interest when the buyer/borrower fails to meet the obligation of the finance contract requiring the buyer to maintain insurance on the property being purchased until the note is paid. Single Interest Insurance cover the Lender, Not the BorrowerIf the CU had to purchase insurance on your vehicle, then this means that you were in default on your finance note by failing to provide the insurance coverage you agreed to when you financed the vehicle. You gave them no choice but to protect their interest in the vehicle. Single interest is going to cover only them. The CU is Insured, You are Not Insured. They are covered, You are Not..
This means you have no claim and you have nothing to fight because you are not an insured. If you were at fault in the accident mentioned, then you also have no coverage on the lenders Single interest Policy to cover any harm you caused in the accident..
The CU does have a claim because they purchased insurance to cover their interest in the vehicle. Single interest insurance covers them, Not you. Recall, you were supposed to be insured and you were not..
Response .
of course you can ‘fight’ anything…..please give me more info…such as year/make/model/mileage……cost of repair, (amount they are providing the cu)….what they say the actual cash value of your vehicle is etc……..

Spouse totaled his car last year and the insurance company is charging us for his totaled car on fresh policy. Are they permitted to charge us for a totaled car that you don’t own anymore?

Insurance Rates .
When a car is totalled, it goes on your driving record. When insurance companies look up your record, they take that claim you made and make it part of the determining factors of how much your premium should be. I had an at-fault accident last year and it did not total the car, however the insurance company hiked my rate 50 dollars. My best advice to you is shop around. Observing a broker (someone who sells insurance on behalf of a certain number of insurance companies) may save you some time.

Why are youths charged a higher fee for car insurance?

Reaction .

Related video:

Because they are a higher risk, because they have a higher percentage of accidents than more experienced drivers.

Does the insurance company own the car after it is totaled?

You can put in an suggest to buy the written off vehicle from the Insurers if you want to repair it yourself. A write off is beyond economical repair, meaning it costs more than the car is worth to fix it. It doesn’t mean it cannot be repaired..
There are different categories of scrapped vehicles, D, C etc. The Insurers sell the written off cars on to scrap merchants or motor traders to recoup their losses. You are flawlessly entitled to buy the car back yourself for a nominal price. If the Insurers are lodging your claim and providing you a settlement to get a replacement car, the damged vehicle does in effect belong to the Insurers..
Hope this helps, I worked in insurance for Ten years.

My car was totaled. it already has a salvaged title. what will the insurance pay?

It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn’t already have a salvaged title. Your insurance company should be able to give you specifics as to why they are suggesting what they do.

How do you negotiate with an insurance company for your totaled car?

Very first off, if your vehicle is totalled, the insurance company must give you a rental vehicle. Check the NADA current value of your vehicle , as well as several other resources such as Edmonds.com, Kelly Blue Book, etc. Be sure to look up the options that you had on your car an assure that the insurance company includes them when they are figuring the price out. Also, if you have things like brand fresh tires, mention it, as it could make the value go higher. Wait for them to tell you what they are going to suggest you before you say anything about the price. It could make a difference if you are dealing with your insurance company or if you are dealing with the company of the person who hit you. If the insurance company thinks they will be avoiding a possible lawsuit before they may give you a fairer value. However, don’t come out gun blazing talking about lawsuits, etc. Wait to see what they want to suggest you. See if you think that number is fair. If so, you are fine. If not, come back with a counter suggest (having done the research.) Good Luck! Reaction Provided by KeepItSimpleCoaching.com (This reaction isn’t accomplish, as I was just hit and am going through this process right now…)

If your insurance company says your car is a total loss but you want to have it stationary can they charge you a salvage fee to keep your own car?

If your car is a total loss will the insurance company help you fix it if you both pay?

If your car is deemed a total loss, the insurance company will only pay up the value of the vehicle. They will have nothing to do with the repairs. If the vehicle is worth $Five,000 and the harm is $8,000, you are going to pay $Trio,000 out of your own pocket. Once the insurance company pays you that $Five,000, they are out of the picture. Just be ready for a ‘salvage’ fee to be deducted from your settlement by the insurance company. That is what they would have gotten for your vehicle if you had surrendered it to them.

Who keeps the car if it is totaled you or the insurance company?

You can keep the car if you like, albeit I’m not sure why you’d want to keep a wrecked car. If you determine to release it to the company, they’ll eventually send it to the junkyard.

If a car is considered a total loss after an accident and the insurance company pays you for what the car is worth do you still have coverage on that vehicle if you contnue to drive it?

Usually if the car is a total loss, the insurance company will pay you and take the car. They then sell it for parts/salvage. If they let you keep the car, all you have to do is check on the current status of your policy and see if it is listed.

If you own the car and the insurance company determines the car is totaled do you still keep the car?

No, however, they usually will suggest a “buyback” price, if you want to buy it back. Once they total, and pay for it, it is their property. This is assuming this is a utter coverage issue, where they would have to fix the car. If it is a liability only issue, in other words, they have to pay for harm you caused to someone else, but not for your car, then you retain ownership.

Your car was totaled no other car involved you had total coverage insurance and GAP insurance will you be reimbursed for your loss or will it all go to the finance company?

the very first priority of the insurance company is to pay of the loan holder (so the value of your car is determined and out of that) whatever is left over will be sent to you. If the value of the car is less than what you owe you are stuck with the balance as far as gap coverage goes you will have to check with your insurance company they’re all different

If the insurance company totals your car do you have to accept it or do you have an option to have it immovable?

In most cases, you can get it immobilized yourself. When the insurance company totals out a car, that is all they themselves are willing to pay. If you want to pay to have it immobile yourself, most won’t care, but your rates may still switch depending on the circumstances of the accident.

What if you disagree with the insurance company about totaling your car?

If you disagree about the amount of money you’re being suggested, you should very first let your insurance company know you don’t think it’s right. It’s possible that someone made an fair mistake, and if they look at the figures again they’ll catch it. If they still insist that’s the right value, tho’, you’re most likely going to have to have your car appraised (at your own expense) by an independent appraiser, or possibly two if your very first appraiser and the insurance company’s appraiser have very different opinions on the car’s worth. If that still doesn’t help, you’ll need a lawyer, because at that point your only real option is litigation.If the problem is not the money, but that you simply want your car immovable instead of having it totalled, the insurance company will generally suggest to pay you what (they think) your car is worth, after subtracting your deductible and the amount they expect to get from selling it to a salvage yard. If you do this, you will have to pay for the repairs yourself. Also, you may have problems getting insurance for that car in the future.

If someone borrows your car and total loss it will the insurance company pay for damages?

Yes. Collision coverage pays for harm to your vehicle, minus the deductible, regardless of who is driving it. Also, if you loan your vehicle to someone they are considered a permissive driver and you are liable for harm they cause in your vehicle even if they have their own insurance. Insurance always applies to the car not the driver.

Car stolen and recovered 6months later but inoperable and the car is repo and finance company lodges with insurance company and then charge me the remaining fee is that legal?

It can depend on that state’s laws but most times, yes, because you signed a finance agreement for a certain amount. Just like if you total your vehicle and you owe more than it totals out for, you will most likely still owe the remaining amount.

What if one insurance company mine not at fault said the car is a total loss but the other insurance company the at fault said they can fix it?

As far as i know the not at fault Insurance decision will prevail over the the one at fault. Besides there are certain “rules” that all insurance companies goes by when they take a determination whether or not a car is totaled. If by any chance the insurance companies can’t agree they go to an arbitrary service provided by state for insurance companies and they can come to a decision.

If the insurance totals my car can i keep my car?

The insurance company will usually retain the vehicle. You may be able to purchase it from them, call and ask.

You own your car it was totaled Should you let the insurance company have it after they pay you?

This depends on what the settlement covers I have required the insurance company to permit me to retain ownership, this reduces the settlement. Or the if you do not specify that this is what you want the insurance company gets the car.

If your insurance company says your car is a total loss but you want to have it stationary can they charge you a salvage fee to keep your own car?

Can you insure a salvage title car?

Some companies will let you buy liability insurance. almost none will suggest total coverage. A salvage title means the car has already been totalled before.

If I don’t have collision insurance will insurance company fix my car?

It depends upon the type of harm and the cause of it; some physical harm is covered by the comprehensive coverage of an auto policy. For example, glass breakage and vandalism is normally covered by the comprehensive coverage. All of that said, collision and comprehensive coverages are generally suggested and purchased in tandem. Therefore, if one does not have collision coverage, there is a good chance that there is no comprehensive coverage.

Can you insure and tag a salvaged car?

Yes you can. Check with your motor vehicle department in your state. In most states, you will have to repair the harm, get the car tested and pass inspection before they will issue a salvage title. This process will take several months.

When is a car considered totalled by the insurance company?

When the cost required to repair the car to be fully operable and safe are greater than the market value of the car. In some cases, insurance companies will announce a “total” if, in their opinion, it cannot be restored to a safe condition, regardless of cost.

Can a towing company keep your car for fees in Ontario Canada?

If the towing company has no liens or rights to your car, then nothey have to give it back to you …they will need to provide a legal document demonstrating you that they do have a lien or right. Nor do you HAVE TO PAY CASH to get it back. Some form of payment will do in the court of law. Call the police if you have an issue to get your car back.

What if their insurance determines your car is total loss?

Then their insurance cuts you a check for the Bluebook value of your car. Also, some of them also suggest rental coverage until the car is substituted (but obviously not for several weeks)

Do you need insurance for a salvage car?

You only need insurance if you are going to tag it and drive it. If it is just for parts or scrap, you don’t need insurance.

What do you do when the insurance does not want to fix the harm to your car?

You can appeal the decision through the companies legal department, get a lawyer or if they won’t pay, they very likely have a good reason . If you accident was due to a disturbance of the law(like tipsy driving) fairly often an insurance company will not pay.

Is there a formula the insurance companies use to determine salvage value of your car?

Different insurance companies use different figures to determine whether or not a vehicle is a total loss or not. Usually it is inbetween 70 to 80 percent of the value of the vehicle. There is usually a special total loss adjuster who treats these cases once the normal property harm adjuster has determined it to be a total loss. Within all insurance policies it spells out that your insurance company has the option of paying to repair your vehicle, substitute the vehicle, or pay you the actual cash value of the vehicle. All of these cases will be less your deductible of course. If they pay you the total actual cash value of the vehicle then of course the vehicle belongs to them. Sometimes you can buy it back from them if you like. I always recommend that people do not buy the car back because of the issues involved with this. In order to be able to get a tag for it again you will have to repair it fully and it will have to be studied by the state. After this you will receive a salvage title that shows the fresh holder and all future owners that it was a total loss at one time. This makes it worth far less than any others if you want to sell it in the future.

What authority does the insurance comp have to determine a car is a total loss just because the cost to fix the car is more than they want to pay doesn’t mean the car is a total loss and can’t be repa?

If you read the ‘petite print’ in your agreement you will very likely find you have granted them this authority. – In many cases, you can negotiate with them and get a payment, but keep the remains of the vehicle.

What does the insurance company do when a car is not total in a wrecked?

If a vehicle is bruised in an auto accident the insurance company that insures the vehicle has the option to repair it, substitute it, or pay the actual cash value of the car. The last one is in the case of a total loss and the company never attempts to substitute a vehicle anymore. In this case it would repair the vehicle and pay for the cost of repair less your deductible which you will be responsible to pay for yourself.

When an insurance company proclaims an individuals car a total loss what is the method to calculate the insureds payment for his or hers loss?

Insurance policies state that the insurance company has the optionof repair, replacement, or paying actual cash value of the vehicle.A company will total a vehicle when the cost to repair is above70-80% of the ACV due to the fact that there are usually additionalcosts when they begin repairs. Different companies use differentmethods of determining ACV and it is always limber. I wouldsuggest that you go ahead and research it yourself by lookingonline at bluebook, autotrader, and anything else you can find withsimilar vehicles with similar equipment and mileage as yours sothat you will know what ballpark value your vehicle has before youspeak with the adjuster. Find others for sale in your area.Condition of your vehicle like fresh tires, extra equipment, etc.will make your value higher so make sure the adjuster knows aboutthese facts and it will pay off. Furthermore, the statutes of most States require that an insurerdeclare a vehicle to be a “total loss” when the cost of repairexceeds some percentage of the actual cash value of the vehicle.

Related video:

If insurance company reports car total loss what title do they receive?

If the insurance writes off the vehicle – they get YOUR titledocument – and THEY then forward it to the DMV informing them thatthe vehicle is scrapped.

Leave a Reply