The Only Papers You Need to Keep in Your Car

There are many important documents that need to be saved and kept in a safe place. Things like your passport, house deed, birth certificate, Social Security card, mortgage agreements, and similar paperwork are best-kept at home, preferably in a safe or locked file cabinet, or in the safety security box. However, there are some documents that should be kept in your car and not in your house or office.

Continue reading to learn which documents should and should not be kept in your car.

Cash for Cars Indianapolis Indiana 317-608-2188
Cash for Cars Indianapolis Indiana 317-608-2188

Important Car Documents to Keep Inside the Vehicle

Proof of Insurance

Whether you are stopped for routine traffic violation or involved in a minor car accident, the very first thing that will be asked of you is proof of automotive insurance. It is the state law to have minimum liability insurance coverage for vehicles that are actively driven. Whether your automotive insurance company provides you with an insurance card or a packet of documents, it is important to keep that information inside of your vehicle at all times. If you are stopped by law enforcement while driving and you do not have proof of car insurance on you, you will be penalized.

Car Registration

The other important document that should always be kept inside of your vehicle is the car registration. The law requires all driven vehicles to be registered with the state. It is typically a long rectangular document made with the thicker paper. Store it inside of your glove compartment or in a durable, preferably zip-up, folder under your seat. Driving without your car registration on you can put you at risk of being ticketed by police in the case that you are ever pulled over or involved in a car accident.

Roadside Assistance Card

Although optional, it is a good idea to keep your roadside assistance card in your vehicle for emergencies. If you are not a paying member of a roadside assistance program, keep any local or statewide roadside assistance company contact information in your car.

Leave These Car Documents at Home:

Title

There are some car documents that should never be kept inside the vehicle, and your title is one of them. Always keep your car title a home in a safe location. If you lose the car title, you can subject yourself to the risk of identity theft or loss of certain rights to your vehicle. If you have lost your car title, or it has been stolen or damaged, you can apply for a duplicate title at your local BMV.

Car Payment Paperwork

Any paperwork that pertains to your car lease or car financing plan should never be kept inside the vehicle. If you are making payments on your vehicle, don’t keep this information in your car. Again, it can be used for identity theft purposes or even pose the risk of mistakenly missing payments.

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How Does the Total Loss Process Work for a Wrecked Car?

When your vehicle is damaged beyond repair after a collision or traffic accident, the insurance company will label it a total loss. Additionally, your vehicle can be deemed totaled by your insurance carrier if the cost to repair it exceeds its current market value. If you have recently wrecked your vehicle, continue reading for a brief explanation on how the total loss process works for a wrecked car, plus how you can earn cash for a totaled car if it was not insured at the time of the wreck.

Cash for Cars Lot Indianapolis Indiana 317-608-2188
Cash for Cars Lot Indianapolis Indiana 317-608-2188

What is a Total Loss Vehicle?

A total loss vehicle is any car, SUV, truck, van, or motorized automobile that is so far damaged that the cost to repair it is higher than what the vehicle is valued at by the current market. So, let’s say that your wrecked car has a current scrap value of $2,400. If the cost to repair your wrecked car back to its original condition prior to the accident or collision is higher than $2,400, your insurance company will categorize it as a total loss. At this point, a few things will happen.

The Process of Filing a Total Loss Claim

The process of filing a total loss claim for wrecked car will vary depending on whether you own the vehicle or if you’re leasing or financing it. If you own your car, you can expect the total loss claim process to commence as follows:

File the Claim

First, you will report the claim to your insurance company the same day as your accident, or early the next morning. Simply give them a call (you can find the number on the back of your insurance car, within your insurance documents, or on an online directory) and tell the representative what you are trying to accomplish. They will place on the path in the direction you need to go.

Complete an Insurance Adjuster Inspection

This can depend on your particular insurance carrier, but in most cases of car accidents, the next step in the total loss claim process is to schedule an insurance adjuster inspection. This generally takes place within one or two days of the accident. Your insurance company does this to ensure that the automotive repair shop that does the damage estimate provides an accurate assessment and for the claim-related damages. This step prevents insurance fraud and deductible errors.

Rent a Car

Your insurance company may offer free rental car benefits under your policy if you file a claim for a totaled vehicle. Check with them to see if you are eligible for such benefits or if similar amenities are available to you.

Finalize the Claim Settlement

A few days after the insurance adjuster evaluates the damage to your vehicle and investigates the claim, you will be offered a settlement. In this step, you will review and finalize your total loss car insurance settlement by accepting the offer.

Locate the Car Title

After you accept and finalize the car insurance claim settlement, you will likely need to locate the car title so that you can give it to the insurance company.

Prepare Your Car for Pickup

Before you can get paid, you will need to release your wrecked car to the insurance company. Just be sure to take out all of your personal belongings and remove the license plate. When the tow truck arrives to collect your vehicle, you will need to sign some paperwork and sign over the car title.

Take Your Payment

One or two days after you release your wrecked vehicle to the insurance company, you should receive some final paperwork along with your insurance payment. This step might be done electronically, in person, or through mail. Now you can go buy another car!

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GC's Junk Cars Indianapolis Indiana
GC’s Junk Cars Indianapolis Indiana

What You Need to Know About Liability Car Insurance Coverage

If you have just bought or received a new car you plan on driving, you will need car insurance. How much car insurance coverage you need depends mostly on what the state requires, but also your personal preferences, namely budget. Most states, including here in Indiana, require that all drivers maintain automotive liability insurance coverage at all times. This is known as the state-minimum for car insurance coverage.

Continue reading to learn some important facts about car insurance liability coverage that can help you better understand your options.

Totaled Car Buyers Indiana 317-608-2188
Totaled Car Buyers Indiana 317-608-2188

Liability Car Insurance Coverage Facts

Automotive liability insurance coverage is a type of car insurance coverage that only covers another person’s bodily injuries and property damages. The owner of the liability insurance policy is not covered. Let’s dive into this little further.

There are two types of liability car insurance coverage: bodily injury liability coverage and property damage liability coverage. Drivers are required to have both kinds of coverage at all times to operate a motor vehicle, legally.

▶ BODILY INJURY LIABILITY COVERAGE (BI) = Bodily injury liability car insurance covers another driver’s injuries, including their medical expenses and hospital bills.

▶ PROPERTY DAMAGE LIABILITY COVERAGE (PD) = Property damage insurance coverage pays for another driver’s automotive repairs, or for a new vehicle if the car is totaled.

Coverage Limits for Liability Car Insurance Policies

Although automotive liability car insurance covers another driver’s bodily injuries and property damages, you could still be responsible for paying out-of-pocket if the total cost exceeds your policy’s coverage limit. The state does set a minimum limit, but when you are purchasing car insurance, you can choose your own limit.

Let’s say you cause an accident, and the total cost of the of the driver’s medical expenses and property damages totals out to $25,000. Your insurance carrier will cover this cost so long as your coverage limit is at least that amount. If your coverage limit was only $20,000, you would be responsible for paying the remaining $5,000 out-of-pocket.

Your Bodily Injuries and Vehicle Damages

Under an automotive liability insurance policy, your own bodily injuries and property damages are not covered. The only parties covered are other drivers harmed in the accident. For this reason, it is strongly recommended to add collision insurance coverage to your liability insurance policy. Collision coverage would cover your bodily injuries and property damages in the case of an accident, but it would also come with a coverage limit. You can choose your coverage limit based on your budget and how comfortable you feel paying out-of-pocket in the case of an accident.

Comprehensive Insurance Coverage

Collision automotive insurance coverage does not cover other types of vehicle damages outside of motor vehicle accidents, such as a tree falling on your car or hail damage. If you want these types of damages covered, you will need comprehensive automotive insurance coverage.

Have you totaled your vehicle but only have liability insurance coverage, leaving you with no means to pay for repairs? Contact GC’s Junk Cars at 317-608-2188 to sell your junk car in Indianapolis, Indiana for cash on the spot! We provide free junk car removal, so we come to you!

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