by Guest » Mon Oct 22, 2007 08:31 pm
I was in an accident (due to an animal in the road) which left me in a pond. My car wasn't completely submerged. About a foot or 2 on the drivers side and around 3 1/2 feet on the passenger side. I hit some piping in the pond that damaged the front end: i.e radiator, air conditioner, power steering, some other stuff, idk I'm not exactly car savvy. The interior is wrecked! the impact busted a transmission line and all the fluid came out and the insurance appraiser ran it with no fluid. Not knowing about the loss of fluid, they told me I could drive it from the tow yard to the mechanical shop (less than 1 mile). I did, but of course I didn't make it. The car stopped going. they are saying the damage reaches around $9000.00. Its a 2005 Dodge Magnum SXT (no hemi). the value of the car is about $15,000 give or take a thousand. I've been told by everyone, including different mechanics, that I'm am most likely going to have all sorts of problems with it in the future. I pay close to $800 a month for this car, but I have gap insurance. So I'M covered if it is deemed a total loss. And i want my car totaled since I could have future problems AND the fact that it's not worth nearly as much no that it's been involved in a car accident with flooding. But it's not looking like they are going to total it. they say that the damage needs to exceed the value. But MY question is, is that, arent they concerned about the likely possibility of re-opening a claim, maybe even multiple times? And is there anyway I could convince them to total it out?? PLUS I have environmental asthma and a huge deathly allergy to mold, mildrew, spores... ect.. and I am so afraid they're going to miss something that got wet (it took them five days to even appraise it) and mold or mildew grows, and I end up in the hospital. (it's happened before). AND my 3 year old has the environmental asthma as well. So I'm TERRIFIED to have this car and I want my car totaled ..what else can I do??? Is my car totaled once I make things clear to them?
Posted: Tue Apr 01, 2008 10:37 am Post Subject:
You will be stuck with the remainder, once the insurance company pays the ACV (actual cash value) of your vehicle NOT what you owe.
Posted: Mon May 12, 2008 01:08 am Post Subject: total
i owe twice what my car is worth but i do have gap coverage how can i total it and get pay off
Posted: Mon May 12, 2008 01:48 am Post Subject:
i owe twice what my car is worth but i do have gap coverage how can i total it and get pay off
I might be confused... are you ask us how you can commit insurance fraud?Posted: Mon May 12, 2008 10:38 am Post Subject:
sounds like it tcope..........if so jimmy bug off..... :twisted: If not your carrier will total the vehicle based on it's repair cost vs ACV of the vehicle.
Posted: Mon May 12, 2008 01:36 pm Post Subject:
I don't think jimmy is trying to commit insurance fraud. I think he's wondering how Gap Insurance works. If they total his car, he wants to know if the gap insurance will pay off the remainder of what he owes on it. I have no idea how the mechanics of such a claim would work, but I think that is exactly what gap insurance is for.
Posted: Mon May 12, 2008 01:42 pm Post Subject:
Gap ins. picks up the ''gap'' between the ACV of the vehicle and loan balance, (minus any unrepaired prior damage), some will include the deductible, most do not...
Posted: Wed Jun 04, 2008 10:31 am Post Subject:
Daisy,
I have moved your posts here
http://www.ampminsure.org/auto/about4920.html
(started a new thread)
Posted: Sun Nov 15, 2009 06:43 pm Post Subject:
If my car was totaled in a flood and my gap insurance covered the remainder of the payoff, will I also get enough to help me get another vehicle?
Posted: Sun Nov 15, 2009 10:39 pm Post Subject:
NO! you get up to the pay off..most GAP policys also have a limit of say 7k
Posted: Fri Jul 09, 2010 06:01 am Post Subject: My car is officially total Me so sad
well what can I say, Im very disappointed...My insurance carrier called me to inform me that my vehicle is total due to severe tornado weather, ugh so sad such a pretty car. Grand Prix GTP supercharger with heated seats and sun roof etc..I cant forget my moon roof etc.. My question is this say my pay out option is 13,ooo something..but the settlement check will be like 15,300....I also have gap insurance I had the car for 2 years paid 400month plus full coverage insurance through state farm...What am I suppose to do??? Never been in this situation
Add your comment