MICKEY88
<font color=purple>if you keep falling off of the
- Joined
- May 15, 2003
Okay. It was 7 AM yesterday when I last posted here and nearly 10 pages have passed since then. 10 pages in a day and a half...Man, I miss so much.
Anyway, I need a little advice. I just got back the results from my insurance concerning my car. To get to the point, it was totaled during that hailstorm two weeks ago. For those that may not know, a total loss means that the cost to repair the car outweighs the total value of the vehicle. I checked the total estimates from my insurance report and, to give you an idea of the value of the car, the cost to repair the whole vehicle would cost me around $4K.
Now, here's the dilemma. I can't afford to handle car payments as I'm still in debt. Besides, even though the hail damage is clearly visible, the windshields are still in great condition and my car still runs rather well despite its age (It's a 1999 model). But at the same time, I'm wanting to get a new car (or at least something a little more dependable to be on the road). So, my choices are:
A.) Turn in the vehicle and pay the deductible so I can get start on a new car.
or
B.) Keep the vehicle and get a check that covers the cost of the car (minus the deductible) and drive around in a hunk of junk until I can afford a new one.
I plan on calling my insurance company tomorrow when things are slow at work (HA!!) so I can get the exact details from my claim. But any advice here would be very well appreciated.
generally when they total the car, you have to buy it back, which costs around 200 bucks, then you have to get a salvage title, you could carry collision insurance, but what would ahppen is if you get in an accident, they come to look at car and see you didn't fix hail damage so they basically won't give you anything for body work, if there was engine damage etc in accident they should cover that, but odds are the cost would be enough for them to total car again.
sometimes depending on car and repair costs, you can get them to cut a check for less than total repair costs, and not total the car...to do that you have to convince them that replacing it with a comparable car, would cost way more than the claim ..