Auto Insurance Claims: Total Loss...am I stuck???, total loss auto claimant


Question
A friend totaled my car.  The police report states the other driver was at fault.  The insurance company tells me they will appraise my car and pay that amount to the loss payee - the bank.  There is a good chance I will still owe another 12,000 and still not have a car! Is there anything I can do to recover the full amount or push the other driver's insurance company to replace my car? (the other driver was driving a vehicle owned by a national auto parts chain) I'm a single working mom and caregiver to my elderly dad.  If I end up with nothing but a debt I'll be ruined!

Answer
The other driver's insurance company only owes the market value of your car. Most insurers will lowball the market value of your car, leaving you more in debt. For around $6.00 (current sale price), you can get the eBook from UClaim.com entitled "Total Loss Auto for Claimants" that will teach you how not to get lowballed and addresses other issues like salvage value and rental car.

Now what surprises me is that if there is a lienholder on your car, they should have insurance on the car if you let it lapse. And its easier to make "your own insurer" replace the car instead of making a cash payment.