Auto Insurance Claims: Cut a check or repairs?, Cut a check, car repairs

Question
Is there a law that now states you must get repairs in NY, or can the insurance company cut you a check. I am getting pressured to repair a car. The estimate is 2,500. the car worth 3,200$ it is my sons car and we feel, not worth it to fix. Thanks

Answer
Hello Darcy,

There are no laws that say you must get repairs. However, there are limitations depending on who you are dealing with. If you are dealing with your own insurance company, then you are bound to either repair the car or pay the bank first (if you have a loan). If you do not have a loan, then they can cut you a check with no need for repairs.

The only problem that I anticipate is that if the estimate is $2,500, the insurance company might try to total the car. Declaring a total loss could take time, so you might be waiting for a little longer. They have to determine the fair market value of your car (which might be more than $3,200 or less). It depends on the comps in your area.

To learn more about total loss, visit:

http://www.auto-insurance-claim-advice.com/totaling-a-vehicle.html

Good Luck,
Anne
http://www.SpokaneLegalHelp.com