“Is my car totaled?” is a common question asked after a severe accident. A totaled car, or a total loss, is one that the insurance company would rather not pay to repair, because they've deemed it not worth the cost—they'd rather pay for you to get a new one.1 However, the ...
If your car is totaled in a crash, your collision insurance would pay out up to the market value of your car, minus your collision deductible. If your collision deductible is $500, your insurance company would pay you $24,500. But you'd still be on the hook for the remaining $5,500...
Continue to comply with the terms of the lease until the title is cleared. Title clearing happens after the car is totaled as the car is processed by the lien holder and the insurance companies. During that time, you must continue to make your lease payments as agreed. You will be notifie...
Here’s some good news: Some used cars are still under the manufacturer’s warranty, which means the manufacturer or dealer is still on the hook for at least some of therepairsand replacement parts your car might need. 10. How would this car impact my car insurance premiums?
time of purchase. Gap insurance covers the monetary gap between what your car is worth and the amount of money still remaining on your loan or lease. If your car is totaled in a car accident, gap insurance will pay the difference between the market value of the car and the actual value...
(He has a car and a job now, by the way.) Too many parents base their relationships with their kids on money, out of fear that if they don't, their child will not have anything to do with them. That’s right, your actions are not driven by love but by fear. This is a trap...
This information is helpful in determining a vehicle's history, and it can also help you identify those cars you wouldn't want to touch with a 10-foot pole: salvaged vehicles. For instance, if a vehicle was acquired by an insurance company after being totaled, but was later sold at aucti...
So I was in the backseat of a car and a deer ran in front of the car, completely totaled the car, and I had another concussion. So it was some healing, a little bit of healing, and then set back. And it was just this constant state of fear, living in fea...
If your car is totaled, your car insurance company will reimburse you based on the current value of the car after this depreciation—not the price you paid for it, the cost of a new one, or the amount you still owe on your loan or lease agreement. That's where gap insurance comes in...
totaled $1.23 trillion in 2023.This might seem like a lot, but break down those numbers: in 2023, retirees received $1,905 per month, on average, and disabled workers $1,537 per month.Keep in mind what the poverty line is, which is roughly $1,255 a month for a single person in ...