toyota motor insurance company
Can anyone tell me if my car a writeoff?
My partner recently had an accident in a 2005 Toyota corolla (not at fault) and I want to know the likelihood of it being determined a ‘total loss’. The insurance company has stated that it will be about 10k damage or more, the suspension was snapped and the wheel positioned at 45 degrees, the car nearly rolled and the motor has dropped on one side, transmission seems shot and lhside front quarterpanel looks like foil. Will it be a total loss ? do the Ins co take a recommendation from the repairer? can this be disputed? help would be appreciated.
if your car is declared “TOTALED” which it sounds like. the insurance will give you the Kelly-blue book value of the car minus your deduction out of that check the loan will be paid off, you don’t get that money to keep. only the amount that may go over what you owe. and if you owe more than what the insurance company give then you will still owe the balance, finance companies don’t care if you have a vehicle that is brand new or wrecked they get their money. but in your case if someone else hit you partner then their insurance company will have to pay off your vehicle and may have to pay for a replacement vehicle let alone any medical problems your partner got, sounds like a really nasty accident, DO NOT SIGN ANYTHING!!!! the other insurance company will try to get you to settle, your best bet is to hire an attorney that will work on contingent and only collect if you win your case, good luck.
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Will insurers still ride with Toyota? The carmaker could lose out if it didn’t tell the full story of ’stuck’ accelerators.(Regulatory/Law: Legal … Motor Corp.): An article from: Best’s Review $9.95 This digital document is an article from Best’s Review, published by A.M. Best Company, Inc. on May 1, 2010. The length of the article is 605 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Will insurers still ride with Toyota? The… |
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