FAQS About Total Loss Cars and Claims

When it comes to the claims process for a totaled car, policy holders tend to have a lot of questions and concerns. The best way to learn about your automotive insurance carrier’s claims process is to contact them directly and speak with a company agent. You can also scroll below to review some of the most frequently asked questions and answers about total loss junk cars and insurance claims.

Indianapolis Junk Car Buyers 317-608-2188
Indianapolis Junk Car Buyers 317-608-2188

What is a Total Loss Vehicle?

A vehicle is considered “totaled” when the cost to repair it back to its previous condition is more than the current value of the vehicle. Insurance companies and car manufacturers have stringent procedures and requisites in place to determine these values. With a totaled vehicle on your hands, you may feel like you are at a total loss; however, if you have insurance, you should be just fine depending on the level of coverage your policy provides.

Can I Keep a Totaled Car?

If you want to keep your totaled vehicle, you must inform your insurance company. In this case, you can expect to receive less money for the vehicle. If you were to accept money from the insurance company, and then keep your vehicle, you could be found guilty of insurance fraud depending on the specifics of your situation. Some policies allow people to keep their totaled vehicle, while others include language that does not permit this at all. So always check with your provider for details regarding your policy limits.

Do I Need to Remove My Totaled Car From My Insurance Policy?

Yes, you will need to eventually have a totaled car removed from your insurance policy. After all, you don’t need to cover a vehicle that will never be driven again. But make sure you wait until after you return your rental car and the title or lease of the totaled vehicle is no longer in your name. Again, check directly with your insurance carrier for details regarding your specific policy parameters.

Who Will Get the Insurance Settlement Payment for the Accident?

With full coverage insurance, you can expect to receive money from your insurance provider to repair the damages, or to settle the note with the lien holder and cover the cost of a new vehicle of equal current value. If you have liability coverage, you will mostly likely receive less from your insurance provider, and have to pay more out of pocket.

What Can I Do With a Totaled Car That is Not Covered?

If you do not have insurance, your best option is to junk the vehicle for cash, and apply your profit toward a new car purchase. You can do this by contacting a trusted junk car buyer and requesting a free phone estimate. If you accept their offer, they will usually come pick up your vehicle at no extra charge! Only reputable and highly professional junk car buying companies offer this kind of service.

Just Call Our Trusted Indiana Junk Car Buyers!

Call GC’s Junk Cars at 317-608-2188 to sell a junk car in Indianapolis to our reputable and honest Cash for Cars Company you can trust. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer! We will schedule a time to pick up your vehicle and pay you CASH ON THE SPOT! We accept all vehicles and motorized commodities, regardless of age or condition. Request a free estimate, today!

GC’s Junk Cars
GC’s Junk Cars 317-608-2188
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