Replacement Cost by Insurance Company for Totaled Vehicle

195 messages, Last post on Jun 24, 2009 at 1:20 PM

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#193 of 195 Re: vehicle to be totaled [njeffreys] by euphonium Jun 24, 2009 (8:04 am)
Replying to: njeffreys (Jun 24, 2009 7:13 am) Sure. Liability covers your personal financial potential obligation as a result of a crash deemed to be your fault. The vehicle has nothing to do with it. Does your policy include Uninsured Motorist Property Damage Liability? If so, make your claim under that coverage because the deductible is a lot less. Usually, no more than $100.
#194 of 195 interesting about insurance by njeffreys Jun 24, 2009 (12:00 pm)
someone referred me to the Texas State Ins Dept who told me while ,.we are required by law to have liability insurance, ins companies are not required to sell us liaability insurance... so if I "buy" back vehicle as salvage...there is no guarantee I can obtain liability since my ins company will report it as salvaged...aghhhhhhhh... If I had known this I would not have filed a claim and would have driven the darn thing til it fell apart.. now it appears I will be looking for a very very cheap car... thanks for your help... I do have uninsured motorist coverage and that is what I am using... Replies to this message: euphonium (Jun 24, 2009 1:20 pm)
#195 of 195 Re: interesting about insurance [njeffreys] by euphonium Jun 24, 2009 (1:20 pm)
Replying to: njeffreys (Jun 24, 2009 12:00 pm) *report it as salvaged* = ususlly pertains to and regards Comp and Collision, not Liability coverages.