What happens when your car is totaled and you still owe money?

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1. What happens if your car is stolen and you still owe money? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE In case you do not have a car insurance at the time of the car theft, you must still pay the due outstanding amount of the car loan. … So basically, regardless of whether you have a sufficient...
2. What happens if your car blows up and you still owe money on? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The responsible thing to do is to either have the engine replaced and continue to drive the car and make the agreed payments till it is paid off, or sell the shell for whatever you an get for...
3. What happens when your car is totaled but still drivable? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE You can keep the vehicle, and the insurance company pays you for the ACV of the vehicle. The auto insurance company issues a salvage title, and you’ll be responsible for making repairs to the car if you decide...
4. Will a dealership buy my car if I still owe? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE You can trade in your car to a dealership if you still owe on it, but it has to be paid off in the process, either with trade equity or out of pocket. Trading in a car you...
5. How do I find out if I owe surcharges in Texas? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE To check the status of your driving privilege or pay reinstatement fees visit texas.gov. You will need your DL/ID number, date of birth, and the last four digits of your social security number. Please be aware driver records...
6. Do I have to pay deductible if car is totaled? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The short answer? Yes, you do. In order for your insurance company to pay out on the claim, they’ll subtract your deductible from the total payout. You’ll usually have to pay all of your deductible regardless of how...