How much will insurance pay for my totaled car? Who gets the insurance check when a car is totaled? Depending on your car insurance coverage and the accident, there are a few things that can happen next. Here’s what you need to know when you have a totaled car. See what you could...
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You can request the insurance company to do a “teardown”. This is the process where the insurance companies pay body shops to take pieces off your car, look underneath, and write an estimate on the damage that is not “visible”. One would think that insurance companies will make sure ...
But one situation that also comes up is where a car is totaled in an accident. The auto insurance carrier steps in and pays the claim on the car, but the amount is not enough to pay off the loan. This can also lead to a balance of several thousand dollars. As an experiencedbankru...
Most car accidents are minor and the resultant damage can be easily fixed. With the help of your insurance provider, you can get your car road-ready again in no time. Occasionally, though, the damage from an accident is so severe that you...