Your Car is Totaled and You Don't Have 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 Top-Rated San Diego 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 San Diego personal injury attorneys at the Jurewitz Law Group want the community to be informed. We want every injured 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.
Call the Jurewitz Law Group at (619) 233-5020 and begin your path to recovery with a no-cost consultation today.