Is it everyday for Car Insurance Companies to filch your motor after file a claim?
Basically I was in a saloon wreck, I filed a claim against the other driver's insurance company, they agreed to pay me the obverse value of the car instead of repairing my vehicle. Today they call and are talking about wanting to pick up the saloon and the title for my car in exchange for the salary.. Is this normal? They never mentioned that I would have to grant them my car.
Answers:
If your motor was declared a total loss (which from your description it sounds like it was), consequently yes, it is normal for the insurance company to take possession of the vehicle surrounded by exchange for them paying you the actual cash value of the vehicle. Whether or not you can preserve the car may depend on the salvage laws contained by your area. Some allow you to keep the vehicle after it have been declared a total loss. If so, this is something you would need to work out next to the insurance company.
Yes, if they total your car, and give you the worth of your vehicle at the time of loss, they have bought your vehicle and own it. They want to take it to a unwanted items yard and sell parts sour it to recoup their losses somewhat. If you want to keep the vehicle you may be able to buy it from the insurance company for salvage value, which they will reduce by from your settlement and allow you to keep the vehicle if that is your desire.
Keep surrounded by mind though that most city governments have a statute on the books against keeping an unlicensed junk saloon on your property unless you store it out of sight inside your garage.
They're paying you for the value of the motor...essentially meaning they decided it be a total loss...if you accept the settlement, the car is immediately their's and the money is your's. I've two cars in recent years and they were both relatively alien vehicles and after I accepted the settlement offered, they (State Farm) towed the vehicle to one of their places.
Yes, they are paying you for the car because they believe it is not worth fixing because of the damage done. The adjuster should of mention it to you. Source(s): Experience
Does not sound everyday. Why don't you call your own insurance and ask them if this is a legal issue? You necessitate to be in contact with someone that have dealings with these loving of issues. Sounds kind of fishy to me, that they wouldn't give you anything besides nick your car. I would look into it fast formerly they are at your door.
Related Questions:
Answers:
If your motor was declared a total loss (which from your description it sounds like it was), consequently yes, it is normal for the insurance company to take possession of the vehicle surrounded by exchange for them paying you the actual cash value of the vehicle. Whether or not you can preserve the car may depend on the salvage laws contained by your area. Some allow you to keep the vehicle after it have been declared a total loss. If so, this is something you would need to work out next to the insurance company.
Yes, if they total your car, and give you the worth of your vehicle at the time of loss, they have bought your vehicle and own it. They want to take it to a unwanted items yard and sell parts sour it to recoup their losses somewhat. If you want to keep the vehicle you may be able to buy it from the insurance company for salvage value, which they will reduce by from your settlement and allow you to keep the vehicle if that is your desire.
Keep surrounded by mind though that most city governments have a statute on the books against keeping an unlicensed junk saloon on your property unless you store it out of sight inside your garage.
They're paying you for the value of the motor...essentially meaning they decided it be a total loss...if you accept the settlement, the car is immediately their's and the money is your's. I've two cars in recent years and they were both relatively alien vehicles and after I accepted the settlement offered, they (State Farm) towed the vehicle to one of their places.
Yes, they are paying you for the car because they believe it is not worth fixing because of the damage done. The adjuster should of mention it to you. Source(s): Experience
Does not sound everyday. Why don't you call your own insurance and ask them if this is a legal issue? You necessitate to be in contact with someone that have dealings with these loving of issues. Sounds kind of fishy to me, that they wouldn't give you anything besides nick your car. I would look into it fast formerly they are at your door.
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