In response to
"So, if the insurance totals your car that means they won't insure it anymore, correct?"
by
spamlet
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generally when they total it - they take the title and the car in exchange for the agreed settlement, however - we have had times where clients want
Posted by
JenBro
May 3 '12, 13:27
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to cash out and keep the car because they want to fix it themselves and keep it because it's utility value to them outweighs the difference in the reimbursement because they don't want to have to replace the car ... like maybe they have a friend or family or they themselves are in the auto repair business?
so - the company won't insure the car for damage coverage again until it's been repaired (of course) - but the companies will still insure a car that's been totalled - it just has to be road safe.
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Responses:
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