It depends on why you don’t have the title. If you don’t have it because it is financed then yes. The insurance company will do the work for you of getting the title released from the bank. If you don’t have it because you don’t own the vehicle then no the company will not pay you. Legally they cannot pay you for a vehicle that you don’t own just like you cannot insurance a vehicle you don’t own. They also cannot pay the true proprietor because that person does not have a legal contract of insurance with the company. No one gets paid.
What do you do if the insurance for a totaled car does not pay off the car loan?
I faced the same thing about a year ago. The insurance company did not want to give me what was needed. I got on-line and found many cars that were just like mine and showcased them that my car was worth more than they were wanting to give me. They still did not want to give me what the car was worth. So I went to puny claims court and filed suit on the driver of the other car. The person’s insurance has to represent them. Also go and look at the comps that the insurance company are using for your car to see if you can substitute the car for what they want to give you. ReactionUltimately it is your responsibility that you either made low payments, took out a very long loan, or picked a car with high depreciation. The insurance company is not liable for the inflated amount you owe–only what the car is worth. ResponseThe insurance company will only give you the value of the vehicle, as per the “Kelly Blue Book”. They will also send an appraiser out to see what the condition of the car was, as in mileage, any previous harm. If the accident was another driver’s fault, you have to sue him and/or his insurance company for the remaining balance.Whatever you borrowed to obtain the vehicle wil always be more than the car is worth. You have already lost money on it as soon as you drove it off the car lot. But do your research. Go online for “Kelly Blue Book”, and get the estimate of the car’s value. If it is more, then dispute it with the insurance company. Print the page out. ResponseWhen you bought the car fresh or used from the dealer you had the option to purchase something called GAP INSURANCE from them (the Dealer, not the insurance company) for your exact situation. If you did not have enough equity in your car for the insurance pay off to cover it AND did not have gap insurance. basically you are screwed and responsible for the rest of the loan amount car or no car. Some people believe Gap insurance is a rip off so they do not suggest it to you and some just don’t know what it is. They do not need to be selling cars. Not fair but the way of life. Father is an insurance sales man. I also had a damsel hit me I had GAP insurance and she did not. She still had to pay off the balance on the loan even however she did not have the car. The courts won’t do much because you had the option to purchase gap insurance and you did not, it does not matter that you did not know.
If you are the primary signer on the car’s title and on the insurance who should the check be made out to if you total your car?
To ALL the names on the title AND the bank/finance company that holds a lien.
If you totaled your car and were arrested for DUI will insurance pay for your car in Texas?
Very likely not. You bruised it during the commission of an illegal act (DUI). If you hadn’t totalled it, the state would have most likely confiscated it anyway.
Can a car that has been totaled by the insurance compnay be given to a friend and can he get a title for it and use the car?
Re-registerI know usually the DMV will mark the car as a total loss or something like that and they stamp the title as salvage or something like that. It can be re-registered (sometimes may have an issue with Emissions Testing)
If you total your car in an accident can a insurance company pay below low blue book?
Each situation is different and there is no definite reaction to this because there is no stardard but Yes there is a possibility.
In Georgia If the amount of Your car is paid off but they added a lot of money for insurance purposses can they take your car if you don’t pay for the insurance?
READ your contract. IF you have already agreed to the lenders conditions of ins. coverage when you signed it, YES, they can do so.
If you don’t carry insurance on your car because it was recently totaled and a salvage title has been issued and someone without insurance on this car drives it and has an accident who is responsible?
You, the proprietor, are responsible for providing proof of insurance and ownership AT ALL TIMES! Even if it means requesting a faxed copy BEFORE driving the vehicle. If the other person has an accident, the liabilty/fault should not be in question, not where the title was. Insurance is effective still, but a fine could result in not having the proof.
What happens to a totaled car after the insurance co pays you for it?
Some insurance companies will sell the car back to the proprietor. Others sell the totaled car to a salvage yard.
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?
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 examined to demonstrate 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 assets 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.
If a car with a rebuild title was totaled a 2nd time what will the insurance pay out for it?
If the insurer knew beforehand that the car was salvage titled and insured it to utter coverage, you are undoubtedly entitled to all monetary replacement regardless..
Contact your broker/agent and find out if this was noted on your policy info..
Yes, you will likely get around 50-60% of the value of a comparable car with a clean title plus credit for any upgrades like keyless entry, a fresh stereo, latest major repairs (provided you have receipts). Hopefully you paid less for the car to begin with so it should balance out.
Will car insurance pay for a car totaled in a DUI accident?
It should. If the “at fault” vehicle is insured, it’s supposed to cover the victim’s vehicle 100%. If the “at fault” vehicle has comprehensive and collision insurance that insurance is supposed to cover the at fault vehicle up to the deductable amount.Note that the buzzed driver will liberate his insurance and be required to get the VERY expensive DUI “insurance endorsment” since he/she is now in the highest risk bracket..
BTW, when a tipsy driver causes a collision it’s not called an “accident”. Accident is when things just happen. Driving buzzed is the CAUSE of the collision and as such the collision is not called an accident. Call it a wreck, crash or just about anything else that takes away the implication of a random act.
If you only have liability and your car is totaled in an accident will your insurance pay for it?
Car insurance:liabiltityNo. Because liability only covers the damages to the other persons car in an accident. “Three. Property Harm LiabilityThis coverage pays for harm you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means harm to someone elseï¿½s car, but it also includes harm to lamp posts, telephone poles, fences, buildings or other structures your car hit.” See the link below for more information on coverage. ResponseNo. Liability takes care of the other driver and his vehicle only. ReactionNo. Unluckily, liability only covers the OTHER man’s car. If you do not buy the “comprehensive and collision” coverage, YOUR car is only covered if the OTHER man is at fault. ReactionIn the UK there are three main types of car insurance: 1. third party; Two. third party fire and theft and Three. comprehensive. The very first type will not pay for harm to your vehicle in any event; the 2nd will pay if harm to your car is caused due to fire or theft and the third will pay in any event for harm to your vehicle. If however harm is caused by the user of another vehicle you will be entitled to claim compensation from the other driver’s motor insurance for your vehicle harm and if no insurance is in place form the Motor Insurers Bureau. See the related link entitled “car accident claim” to see how to display legal fault for your car accident.
What does the insurance company have to pay if you total your car with utter coverage?
They pay whatever the value is of your vehicle less the deductible..
The value they pay, in most cases, will be the trade-in value or average private sale value. Not enough to substitute the car even when you add the deductible..
anything you do with the car or any one else but beware when claiming on insurance they will charge you more next time
Will your insurance pay for your car you totaled and it was your fault you have utter coverage on your leased car?
This is sort of an educated guess, but I believe the insurance would pay the dealer and not you. I simply say this because when leasing, you never own the car, you simply “rent” it for a definite amount of time.
Who pays for title insurance?
Seller or buyer can pay for the title insurance. Whatever is mutually acceptable by both parties. In some states, the buyer always pays the entire fees. In other states, the seller always pays the entire fees. However, this can always be negotiated. I have seen split fees where the seller will pay for the searches and the buyer pays all premium, recording and incidental charges. Many sellers elect to have a Title Report (no insurance, just information) run on the property when they put it up for sale so there will be no surprises later on. If the buyer uses the same title agency for the sale, typically the title agency will not charge total search fees, instead applying what the seller has already paid for the Report, towards the final title closing fees. Therefore, the fees are negotiable and usually go after the standard practice for the area where you live.
Do insurance companies pay for the totaled car causing a collision in a DUI case?
yes if you have collision coverage barring any exclusions in your policy to the contrary.
If my car is totaled and not paid for will your insurance pay for it?
Car Loans .
In most cases, insurance companies are only required to pay up to the book value of your car. What this means is that if you owe $15,000 on a car loan and the car is only worth $12,000, you will still be held responsible for the remaining balance which in this case would be $Three,000. This is also known as being upside down. If you purchase GAP, a.k.a a debt cancellation contract, then you would not be held liable for the remaining $Three,000. This is why it pays to purchase a car that has good residual value meaning it shouldn’t depreciate much quicker than you are able to pay off your loan.
Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
What if you don’t pay your car insurance?
Very first, your policy will be cancelled. Then, depending on what state you live in, the insurance company reports the cancellation to your Motor Vehicles department. Depending on how efficient they are, either your drivers license or car registration (or both) can be revoked. In some states, law enforcement will come to your residence and eliminate the plates from the vehicle. If you have a lien on the vehicle, you’re still paying on it, your lender may impose their own insurance on the vehicle. This is expensive, and does nothing to protect you. It only protects the bank in the event the car gets totaled. In many states, lender-imposed insurance does not meet state standards, so you still get revoked, and still have to pay for the car and the lender-imposed insurance. Then you have to pay the state to get your license/tags back, plus a penalty. You have to pay a large down payment to re-establish normal insurance. In some states, you may be coerced to get SR22 insurance, which is up to three time as expensive, before you can get your license back. It’s lighter and cheaper by far to pay the car insurance bill on time.
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.
Will car insurance pay if totaled car?
If you have utter coverage they might pay you the lowest market value fo your car. They will deduct your deductable.. Insurance companies are out to make money so they will find the cheapest way out
When you wreck a car does the insurance company pay for tax and title also?
If your vehicle it considered a total loss, your Total Settlement Value will include Taxes, Transfer Fees, Deductible and your Loan/Lien..
This is with State Farm Insurance, I am not sure about other companies.
My friend borrowed my car and brought it back totaled is he responsible to pay for the harm if I don’t have insurance?
If you let a friend borrow a car who had no insurance and you hadno insurance, essentially two violations have been committed. He isresponsible, but you are too. It is unlikely that a court wouldaward you with damages.
What happens when you don’t pay your insurance?
It lapses which means it cancels. Most insurances will do this after 30 days of unpaid premiums but some can be as quick as 1 day late (cobra) and some permit up to 90 days (Aflac). If a policy lapses, you might have reinstatement or reactivation provisions. Reinstatement is where they will activate the policy with lapse in coverage and Reactivation is where they will activate the policy without lapse in coverage by accepting payment for back premium. Ask about both and your options. ReactionIf you do not pay your premium two things may happen: If it is a term policy, it will lapse; If it is any type of a cash value policy, the premium will be taken (in most cases automatically) from the cash value. If the cash value is not sufficient, the policy will lapse. Before any of this happens however, the insurance company you are with will send you a notice that will tell you exactly how much you need to pay and by what date in order to keep the policy in force.
What if my car was totaled in an accident the insurance pay off the debt?
Only if you carried GAP insurance will it pay off what you owe to the Lienholder. If not then they will only pay what they valued your car to be worth which may or may not be enough to pay off the loan.
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.
Can you get car insurance if you don’t have a car?
You can’t…but why would you? Car insurance is to protect a car. If you don’t have one, it doesn’t need to be protected.
Should I proceed paying car insurance if the car is totaled and have it eliminated from my policy?
If you plan on continuing the coverage on your fresh car then the response is yes..
If you don’t get a fresh car then STOP!
Will my health insurance deny to pay if I am in an accident and if I don’t have car insurance?
Your health insurance will cover you no matter how you got hurt. I can take a knife and stick it in my arm and go to the hospital and my health insurance will cover me. The only times your health insurance will not cover you is if you have specific exemptions in your coverage, which are uncommon.
Single car accident no injuries but car totaled will insurance pay?
Evidently if you have collision that should look after the harm to the car. Now the collision comes in many shades of grey. The insurance company will pay cash value after taking into account the mileage, year, and type of vehicle. Plus the cost of dealing with the harm vehicle cost would be subtracted from the settlement of the cash settlement too in some cases. If you have no collision then you have no gam to stand on, your are left holding the bag.
If your car is totaled and inoperable do you proceed to pay your auto insurance?
Yes. Until the claim is closed. You may also substitute your vehicle and just be able to put the fresh vehicle in place of the old one. Your best bet is always to speak with your company about it and get their suggestion. NEVER just stop paying. Then you may get cancelled for non-payment making getting insurance when you want it down the road tighter and much more expensive.
Is it legal for the insurance company not to pay the loan company on a totaled car?
Yes. The insurance policy is a contract. All it requires the insurance company to do is to pay the fair market value of the vehicle. You would need to get what is called gap insurance to pay the difference inbetween the market value and the loan value.
What if your car was hit and it has a salvaged title dose the insurance co have to pay you the value of your car?
Insurance is meant to get you back relatively close to where you were before the accident occurs. The states view of your title should have no bearing.
If your car is totaled do you still have to pay off the insurance policy?
No, simply because there is nothing to be insured any more, your car is gone.
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.
How long can an insurance co take to pay for your totaled car?
The general response, absent a contractual or statutory requirement is, “a reasonable time”. When a car is determined to be a total loss, it essentially means that the insurer has determined that the cost of repair exceeds (usually, some statutory) percentage of the actual cash value of the car. In that example, the law requires that the be proclaimed to be a total loss. The time consuming part of that process can be in determining the actual cash value of a car of like kind, quality, and other features. While there are commercial guides to help in that determination, often there is a period of negotiation with the possessor as to the final value. Many States provide that once a claim has been resolved by agreement as to the value, and all necessary documents have been signed (in this case, proof of claim, title certificate, and other documents that the State or the insurance company may reasonable require), payment must be made within 30 days. However, the period may be shorter or longer and State law will govern.
Can you insure a car that you are paying payments on until its paid for from a private possessor who holds the title?
I would insure any car that I was driving or making payments on. If you are on the title then you are an holder.
Car totaled insurance value car at 16000 and loan amt is 12400 can you use your gap insurance to pay off car loan?
If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.
What do you do if the insurance for a totaled car does not pay for my private injuries?
If you feel you haven’t been treated fairly, I would file a complaint with your state insurance company or have your lawyer do it.
Will at fault insurance buy you a fresh car after paying your car totaled?
No. They will give you the money for the value of the vehicle and then you are on your own. However, check with your state’s Department of Insurance. You might have recourse against the insurance company if you are incapable to find a comparable vehicle with the amount they gave you.
What will happen if you don’t pay back a car title loan from titlemax?
They will at last resort come and repo your vehicle but if you can’t afford to pay it, you can always sell it to some one and take the money and pay it off and keep the rest.
Do you need to still pay insurance when your car is totaled?
Assuming that you had collision coverage on your car, when it is totalled, the insurer pays the “actual cash value” of the car, less the collision deductible. This represents the market value of the car instantly before the collision. It takes into account make, model, mileage, condition, and other features. When the car is totalled, you will be given the option of keeping the salvage or letting the insurer keep it. If you keep it, the amount paid to you will be diminished by the value of the salvage. If you keep it the salvage and have the car repaired, sometimes you are permitted to obtain a “salvage title” from the motor vehicle authorities. If the vehicle, as rebuilt, is roadworthy, you will need to insure it as you would any other vehicle.
What type of insurance will pay for harm to your car if it is proclaimed to be a total loss?
Physical harm coverage pays for harm done to your vehicle. This is divided into two policy provisions, comprehensive and collision. Collision is if you hit something or turn the vehicle over. Comprehensive is about everything else, including theft, vandalism, animal collisions, fire, glass breakage, etc. So the main thing you will need to determine is what caused the harm. If you hit a deer then it will be a comprehensive claim. If you hit a telephone pole or another vehicle then it is a collision claim.
What if you don’t have insurance on a car but need to get a replacement title in WV?
You will have to buy auto insurance on the care before you can transfer the title.
Can a insurance company withhold your check for total car lost if you do not have the title to the car?
You will have to have proof of ownership of the vehicle and the title is considered the best method of providing such proof. Depending on the laws of your state there may be an allowance for bill of sale transactions for older vehicles. If you own the vehicle and it is registered in your name, you can get a duplicate copy of the title in a brief period of time. If you are not the holder of the vehicle, you cannot be paid for the vehicle in any manner as you cannot insure something you do not own. As a matter of total disclosure, I own and operate a petite Independent Insurance Agency for the past 22 years and worked as an agent for direct writers for Three years prior to that.
What can you do if someone totaled your car and don’t want to pay for it?
You can sue them if there is a chance of collecting anything, but it’s hard to collect even if you prevail and they have money. Very first wait until fault is determined unless you are in a no fault state. Hopefully, the other insurance co will pay, if not hopefully, you had more than liability.
Do you have to pay for car insurance if you don’t have a license Do you have to pay for insurance if you don’t have a license in the state of Alabama?
There are a few considerations: .
If there is loan on the car, the lender will require it be insured. .
If the car is parked or stored in a public area or on a public street it must be insured. .
If it is in use it must be insured .
If it is stored on private property it does not need to be insured.
When you still owe money on a car and it is totaled who does the insurance company pay the money to?
The language switches depending on where you live. If you borrowed directly to buy the car the Bank or Finance companywill Be registered with your insurance company and they will bepaid. If there is money left over you will get a check from the bank orthe insurance company depending on what lender and where you live. If you went to the local title loan place you may be paid directbut if you don’t pay the title loan guys they can both sue andcharge you with fraud.
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.
If i didn’t pay my title pawn and they don’t come get my car what can i do about the title?
Assuming you used the car’s title to ensure the loan – IF youfail to repay the loan, they can repossess your car ANY time theywant to ! The title of the car remains the property of the loancompany until you repay your debt.