When an insurance company in Akron, Ohio asks you to pay a sum for uninsured motorist coverage, you may be interested in knowing the details of what happens when your car is totaled. This article will cover the basics on what happens when your car is totaled.
The first thing you need to know is how your car is insured. As you can imagine, when you purchase an automobile you will be insuring it as well. Your insurance coverage will include coverage against damage to your car and what happens to it after you have paid your deductible and your car is totaled.
Your insurance company will handle the recovery of your vehicle. If your car is totaled then your insurer will take possession of your car at no cost to you. Your insurer will send your car to a salvage yard and there, the insurance company will remove all parts of your car that are salvageable.
Your insurance company will send a representative to collect your car. The representative will inspect your car before handing it over to you. They will also inspect it after you have recovered it and decide whether it is worth auctioning or donating.
The insurance company will put your car up for sale. There are various options for selling your car and it will depend on what you want and how much you are willing to spend.
To help speed up the process, you should let your insurance company know that you are ready to sell your car. They will have a full list of potential buyers for your car. You will be able to choose from buyers in your area and from the national market.
Once you've sold your vehicle, the process is very similar to what happens if you sell your home. You will be given payment and can get on with your life.
Your insurance company will not tell you what happens to your car after you have sold it. In most cases, the insurance company does not offer it to you and instead they will keep it.
If you purchase a new car and drive it off the lot, the insurance company will report your car as stolen. The police department will have to come out and inspect your car before you are able to get it back.
Even though your auto insurance policy is going to include coverage to protect you, the policy will cover the police department only. If you do not repair your car you will still be covered.
Even though your insurance company may have had to pay to get your car towed and repaired, your car is still considered a 'totaled' car. You may not be able to drive it again and if you have financial resources, you will be required to pay to have it fixed.
Even though your insurance company will report your car as stolen, if you report it that it is not stolen, your insurance company will not be required to repair your car. You are responsible for fixing the damage to your car and can be fined up to $2020.