Virgil Loatman: It isn't your decision whether to declare the car a total loss or repair it. That decision is made at the sole discretion of the insurance company.
Autumn Vacio: You have no choice, you have no say in whether the car is "totaled" or repaired. If it is totaled., you will likely be given the choice of buying the car back from the insurance company for its salvage value. If you choose that, you can use the remaining money for anything you wish. To fix the car on your own, to fix part of the car on your own, to drive it as is or use it to buy candy and bubble gum. Since it is not your insurance company that is liable and If the other insurance company wants to repair it, you can instead leave it unrepaired and ask that the money be given to you to do whatever you want to do with it....Show more
Coralie Goldsberry: they will fix it
Derrick Smsith: If the repair costs are found to be more expensive than the current value of the vehicle it w! ill be deemed totaled. If it is considered totaled you will receive cash for it's current market value.
Elvie Drumgoole: Of course it will depend on the company, but no matter who your insurer is there are a number of things you will need to consider before you make the decision:1.) IF the insurance company decides to let you keep your car and gives you some money to get it fixed, it will still have a salvage title issued which you will have to correct by getting the car fixed and inspected. It will be impossible to insure the car while it has a salvage title, and even if you do get the car fixed the fact that a salvage title was issued will always appear whenever anyone runs a Carfax or whatever on your VIN meaning it will have little if any trade-in value going forward no matter the condition.2.) Body shop estimates can be unreliable, usually underestimating damage because if they can't see it they won't include it in the estimate, and often times they can't see d! amage until they start disassembling the vehicle. This is why! many times insurance companies will total cars even if the damage estimate is less than the market value. Anyway, the point is that if the insurance company gives you $5,000 to fix the car and the final bill winds up being $8,000, there's no going back to the insurance company to ask them for more money. You'll be on your own as the claim will be settled.3.) You'll be without the car for however long it takes the body shop to fix your car. Maybe you have another one you could drive in the meantime, who knows, but if the damage is as bad as you say you could easily be without your wrecked car for two weeks to a month or even longer. About a year ago someone dinged my door in a parking lot and that took two weeks to fix. Can you afford to go without that vehicle for an extended period of time? Keep in mind if you have car rental on your insurance they won't pay if you choose to take your wrecked car back, but if they total it may be willing to pay for a rental for a nu! mber of days for you to find a replacement car. 4.) Even if someone puts your car back together it will never be the same no matter what any body shop guy tells you, especially if the damage is as bad as you say.If they total it, take the check and don't look back, they total cars for a very good reason....Show more
Adrian Paraz: They aren't going to pay cash for your car unless it is declared a total loss. If the car is repairable the insurance company is going to issue a check to the repair shop of your choice, not directly to you.Submitting an insurance claim and not fixing the car is called insurance fraud.
Norine Lomonte: what mccoyblues said about submitting and insurance claim and not fixing the car being insurance fraud is NOT correct! If the vehicle isn't financed (no loan) and another driver hits you, it is entirely up to you whether you use the payment from the at-fault driver's insurer to fix your vehicle or not! Either way, you experienced the lo! ss and are due reimbursement. If your vehicle is financed, the insuran! ce company will typically issue the settlement check payable to you AND your bank/finance company (lienholder) which effectively forces you to have it repaired....Show more
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