What Happens When You Get into a Car Accident that was Not Your Fault and You Can't Pay It Off?
Your Car is Totaled and You Don't Get Enough to Pay It Off.
How could this have happened if the car accident wasn't your fault? Well, if the value of the repairs exceeds roughly 80% of the value of your car, the insurance company can decide to "total" your car. At that point, they will offer you what they consider the fair market value of your car. This may not be what you consider fair, but this is how they value it.
If you did not purchase a specific type of insurance, you may also have to continue paying the loan on your car, even after you receive a settlement for the property damage.
The other option you have is to keep the car, take the settlement, and have it salvaged. Of course, this will hurt your resale value. If it is just aesthetic damage and doesn't hurt the safety and drivability of the car, then this may be a good option.
Contact a California Attorney
If you or someone you love has been injured because of someone else's negligence, call the Jurewitz Law Group at 888-233-5020 to set up a free consultation. If the insurance company makes you a settlement before you hire an attorney, they are most likely trying to hustle you.
The personal injury attorneys at the Jurewitz Law Group want the San Diego community to be informed. We want every San Diego injury accident victim to be armed with the information they need to prevail against insurance companies who only care about their profits. We will get you the money you need and handle the tedious process of filing a claim.
Wondering about the latest news and updates affecting San Diego personal injury accident victims? Follow our San Diego personal injury attorneys fan page on Facebook. The experienced personal injury lawyers at the Jurewitz Law Group can provide you with helpful advice and guidance in your injury accident case. Call them at 888-233-5020 for a free consultation.
