Driving can be dangerous and accidents happen. If you're in an accident, hopefully, it'll be nothing more than a fender bender; however, there are chances that the accident could be bad enough that your car is totaled. The important factor is that you're ok. After the shock of the ac...
These are some scenarios when an upside-down loan can mean trouble. Your car is totaled. Following an accident, your insurance agency will pay out the value of your vehicle. If you have an upside-down loan, however, you will still owe that amount, along with any remaining negative equity...
A New Jersey Bankruptcy Lawyer Can Help With Your Totaled Car Loan Along with credit card debt and medical bills, one type of debt that I see quite a bit as a New Jersey debt relief lawyer is a loan balance on a car that has been repossessed. The person got behind on the payment...
Salvage lots buy non-running and totaled cars, then sell parts from those cars to other consumers for a lower price. This is a good option if you want to scrap your car or need to simply get rid of an inoperable old car, but keep in mind that you’re not likely to get top dollar...
$35,000 coverage limit may not be enough if car is totaled. Does not cover vehicle theft View More Sure offers standalone rental car insurance with up to $100,000 in damage and loss coverage for the car and your belongings. Policies are underwritten by Chubb and include roadside assistance...
What happens to your title loan and the value of your car if it's been totaled? The bottom line: You will still owe the balance and any interest on your title loan. When the insurance company has declared the car totaled, that means there's no collateral left in the vehicle for your...
If your car is totaled, your loan provider will only pay enough money to cover its fair market value. If the loan amount has a remaining balance after the insurance claim pays out, the rest of the loan payoff amount will have to come from your own pocket. Trading in a Car With ...
What happens next, especially if your car is totaled or if you’ve suffered any personal injury, can be a scary process to navigate. You’ll be thrust into a negotiation with a professional negotiator at the car insurance company and expected to be able to hold your own – it’s an imp...
Guaranteed asset protection, orgap insurancefor short, is an auto insurance coverage that pays the balance on your car loan when it’s totaled or stolen. This shields you from needing to make loan payments on a car you no longer have. ...
If your vehicle is totaled due to an accident or theft, GAP insurance will pay the difference between actual cash value of your vehicle and the outstanding balance on your Members CU loan. If you use your GAP policy, TruStage will give you $1,000 for a down payment on your next ...