Your insurance company will pay you ACV (the actual cash value of the car). Check out what's it's worth on kbb.com to get an idea. Depending on the car's mileage I'd say $6500 is the most you'll get. Don't sign the title of the car over to your insurance co. until you see the check! They should be able to send a rep over to your home to settle.
Thursday, February 9, 2012
Will a auto insurance really pay off a $6.000 loan cause your car is now a salvage.?
My 2002 honda civic was hit from the rear,the other car had no insurance. I have full coverage bank owned. My insurance co. said to sign a form the car is a salvage title and that they will pay off the loan of 6.000. dont seam right. could this be true.Will a auto insurance really pay off a $6.000 loan cause your car is now a salvage.?
Your insurance company will pay you ACV (the actual cash value of the car). Check out what's it's worth on kbb.com to get an idea. Depending on the car's mileage I'd say $6500 is the most you'll get. Don't sign the title of the car over to your insurance co. until you see the check! They should be able to send a rep over to your home to settle.flyff
Your insurance company will pay you ACV (the actual cash value of the car). Check out what's it's worth on kbb.com to get an idea. Depending on the car's mileage I'd say $6500 is the most you'll get. Don't sign the title of the car over to your insurance co. until you see the check! They should be able to send a rep over to your home to settle.
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