Is when value of the replacement very affordable or car or truck easy replaceable when want same.

Still owe on the vehicle

Here in California house flippers can only get a builders risk policy with ACV and no ordinance or law. Is there an insurance that covers what is not covered by the ACV policy?

Okay so how is this saving me money more coverage means more money

How about if i rear ended someone but have no damage and am not filing a claim?

very true what u are saying found it out with a insurance company I really liked but thy didn't like me hahaa

So if my house burn down and I have ACV policy so they gonna depreciate my home value of house?

Ok if you do not have a vehicle who do you pay and what are you paying for..

That's BS..Why do you have to pay coverage on a vehicle you DO NOT HAVE..15 days or 3 yrs..If you DO NOT OWN A VEHICLE what are u paying for ?

You’re funny, l live in Chicago 😂30 is hot

Bout to talk to insurance company any advice they are lowballing on the value of my vehicle

Mine sat for a month and a half before the at fault drivers insurance took it ,what I don't understand is if I have gap insurance plus the the at fault driver how does that work if the car was totaled?

I have a second hand car of 6000$, I am so confused if I need the full coverage. Please do comment.

I just risk it and self-insure. Only have liability on all 4 of mine. Too expensive for a chance I crash my own car. If someone else crashing into me, their insurance will pay unless no insurance then I have uninsured motorist insurance. "If something happens to vehicle you pay". Not 100% true if someone else hits you, their insurance pays at least in my state. If I run it into a tree, hopefully it's still drivable and I'll drive it with a dent.:)

I have 2013 $15,000 Range Rover sport and insurance full coverage is around $200/ months which is $2400 per year. For the last three years, I’ve paid $7200 and has no accidents. This year they increase it by 35%. Now I switch to just liability as the car value keeps going down and I don’t feel the insurance company will reimburse it the way I want it. It’s not fair that insurance company punishes good drivers with a high price increase.

So I could contact the dep. of insurance. Well not me😭 a lawyer Because $6000 for a 6month premium is crazy.

So I tried to make my sorry short, but it’s not working. So without most of the details, a guy came into my lane midnight on July 31st, my agent was contacted around 7am and I was told by him to give a recorded statement from the other guys insurance who had called me that morning (just hours after the accident). He said it was standard procedure but me being in slick and awake all night afterwards, researching what to do after an accident, I read so many times to not give that statement and wait until your insurance contacts you. It’s been months and nothing. So for the first time since the accident I text the agent again to ask if there’s anything I need to do because I haven’t heard from anyone, also asking if he has my claim number. His response “I’ll have to get back to you”. He didn’t file a claim that morning when the accident occurred. Both my mom and I have never been in an accident before, and my dad was the one to ask about literally everything. He’s know what to do, but he passed away 3 years ago this month from Covid at age 57. So that’s changed a lot in my family life and I don’t have anyone to turn to for help. I’m stuck, feeling like I am trying to fight a massive insurance company literally all alone without having any knowledge of how insurance claims work and my agent isn’t any help and doesn’t even file a claim when I’m hit? Is this something that happens often? Is it beneficial to him to not file a claim? I’m just trying to figure out who I can trust and where I can go from here. I’m in Arizona. Sorry this was the short version! Any advice would help!

Who is the name of this attorney may i ask? I have a sister in law that's going to file for bankruptcy & her lawyer is not giving her much info so she can file pwrk with confidence.😢 any help would be greatly appreciated 🙏 🙂

Very good info!! Thanku 😊 🙏!!!

We can just start driving with no insurance problem solved

They ask for that to help you.

Im leasing a new 2024 kia. I have full coverage so if i get damage from a hurricane there is no point in getting gap insurance right?

Thank you. I didn't know what I had until it was time to repair my roof. I had ACV and regret it. Going to change it ASAP.

My wife was hit 3.5 months ago and the “other insurance company “ didn’t accept responsibility right away so had to file claim with my insurance GEICO, the adjuster and Autonation Ford said no way it’s not totaled, this is easy, they ordered a bunch of parts and that took almost 2 months and got a call saying after we started getting into a little more we realized it’s going to be totaled, they called me and said we sent you a link showing amount owed to me but showing this other amount (14K was the other amount) 28,800 was the value of my car, it was explained to me that I would get a check for 28,800, well several more weeks dragged by and now insurance company is deducting the 14K from my original offer saying that the body shop charges for parts ordered are not returnable and tear down labor,, my body shop manager said he has never heard of that ? Can the Insurance Company screw me like that? they said it’s is actually $8200 charges that the body shop negotiated with them to reduce the charges.. I’m feeling like I’m getting HOSED. The “other” insurance finally accepted responsibility by supplying a rental car, we do not what, how or why.?.

Great discussion and advice regarding the addition of uninsured/under-insured motorist coverage to the umbrella policy. It really does round out the protections.

Say my Loan is lower than the amount they valued the car. What does usually happen to that loan ? Will the loan be fully cancelled ? What If I want a new car ? Will that be considered a new loan if I decide to go with a new lender ?

If you never make a claim and the value of the car is constantly going down why insurance go up every year ?. Am I paying for other peoples mistakes like a good democrat 😂

thanks for intelligent information. my son in NY is paying 160 a month for a car he drives 2 miles a day to the train and back, and wants me to buy it and store it because insurance is too high. I want to as it is ridiculously expensive and NY does not have low mileage ins! I'd love your opinion!

their insurance would pay for the damage but then turn around subrogate your insurance to pay. "secret tactics"

How can rhey track you if you declined their tracking device??

Unless you're out and about driving Miss Daisy-this is a scam-o-la...

Unless you're out and about driving Miss Daisy-this is a scam-o-la...

Accidents happen everywhere, even in some people's driveway 😂 but if you live in the short list on this article: "The Cities Where You’re Most Likely To Get In A Car Accident" article written by Christy Bieber, J.D. (Forbes, October, 2023), then the factor of full coverage insurance must be a good idea.

I had a similar situation except that I wanted to take my car out of the tow yard early but the tow yard would not let me do it. They said since it was brought in by the police after the accident, an insurance company needs to take it out. They stated they would not tow it to my house even if I paid. It stayed in tow yard until at fault determination was sent to other insurance company . They took the car out another week later. My car was in tow yard for almost 3 weeks and they charged me the fees which came out of their clients $25k policy which left me with a lower payout.

Can I unregistered my car and park it if it is financed for a few months and then get it registered and insured once again later on while also doing my monthly payments just for the car?

Do people outside the USA have to worry about this?

What happens if you paid very low price in your house. It’s paid off and now they want to insure it ACV for double what they paid for it?

Yeah, but you are only responsible for your vehicle if you are the cause of the accident.

What if the adjuster says your car is a total loss and you still owe it. With GAP insurance. I want to keep it. What can I do?

Hi there! Great info. Ty

I work for a big insurance company and you’re right

May I know which company provides insurance to test drive a car?

Paid off Truck, got totaled not my fault. what right dose the insurance have to take my totaled car? they can mark it a Salvage title, but its Mine. Its like my if my house burns down. insurance pays fire insurance. totals my house. do they get the title for the property?

BOILS DOWN TO RISK RISK HOW COMFORTABLE YOU ARE

if your monthly insurance payments are more then 10% of the value of the car then its time to change to third party insurance

Cars should almost never be totaled in my opinion

So if of your car is not very valuable. Should you have full coverage collision? And if not, should you at least have insurance to cover medical for you and the other party if an accident is your fault? My wife says we need to keep our full coverage collision insurance in case we our car hets ruined. Buty car is only worth around 3k, and my deductible for collision is $1,500. It seems I should only keep the medical insurance rather rhan the colision also, because they probably wouldn't even givee much if my car was totaled. Any advice?

My 95 Dakota has been into a car accident, I'm not that fault and asked if there's a way for the other driver to pay up. He replied no then I called to get a statement from the officer. Their adjuster claim my truck a total loss, which is ridiculous. The collision damage is my passenger door, they offer me $7k for my vehicle but i decided to keep me and they have me $6k to repair since its a rebuildable on the paper. Im currently fixing it myself, is that the best solutions for me? Im saving it and i have called the Department of Highway Safety & Motors and they agreed that the option have me repairing my vehicle works... i sent them my vehicle title to receive my $6k to repair my vehicle, was that the right move?

I was in an accident and I wasn’t at fault. I was under the impression that the insurance company would send the draft to me or the lienholder, they would endorse it and send it to me to endorse then the repair shop would receive the payment. The responsible parties insurance company paid the body shop directly. The financed amount on the vehicle is approximately $5k, the repair estimate came to a little over $6k. I was told two different responses. Because it wasn’t totaled, I would still have to pay the lien off. I was under the impression that the loan would be paid in full. The lien holder is telling me that I still have to pay the loan. Is this accurate?

can i take it of full coverage if i am still paying a loan?