My car was wrecked a couple of days ago. How much money can I expect to get?

Question:
The police officers and the wrecker both said to me that their insurance was going to buy me a new car. So what can I expect from that? Does it matter what kind of car I am driving?

Answers:

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i own a shop,and very often this is just an expression used ,it means your car is totaled out just from looking at it,,they will only give you fair market value,,so i wouldn't count my money just yet,,wait and see what they offer you for it,,it is all going to depend on what kind of a car you had,and how old it is,,just be patient,with this one,,you may come out of it alright,,good luck with it i hope this helps,merry x-mas.

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The police department and the towning companies insurance companies are paying for it?

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Yes it does matter what kind of car you have, they will go by the value of the car. And normal insurance ways they will find some way to screw you over.

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Good Luck

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Unless the cop car or the wrecker hit your car, their insurance isn't going to pay you a dime.

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The insurance company of the at-fault driver will pay the actual cash value of the car immediately prior to the accident. They will deduct for any pre-existing damage and cut you a check.

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No insurance policy will buy a new car. You only get what the car was worth immediately prior to the accident, no more, no less.

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you can expect the value of your car before it was wrecked putting you in a position as you were before the wreck. No make model or year so i couldn't tell the exact value

I have auto insurance through Gieco (NY)...if my father, whom is not on my policy, but has his own insuranc?

The insurance company will write a check for the book value of the car that you wrecked. If if was a newer vehicle and you end up owing more than the book value was, then either A] you will have to pay the difference off or B] You have GAP insurance which will cover the difference. If you were driving an older vehicle that is already paid for, then the most you will recieve is the KBB.

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for my 1990 Dodge Omni they gave me nuthing they just toteled the car they told me thier was no fixing it and it was not worth nuthing lol sorry about your luck

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you will get loan value if you had a loan they will put the check to pay your auto loan.

If your driving and you hit a police car are you going to be in bigger trouble?

Im assuming what they meant is in their opinion your car is totalled. An adjuster will first have to do an estimate to determine if the car will cost less to replace then repair- if this is the case then they will pay the actual cash value of your vehicle.

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Insurance has no obligation to pay off your loan nor to buy you a car better then your vehicle you had before- actual cash value can be found at nada.com.

I have a accident data for 4 years, and I want to find out what statistical analysis is to be done with this?

What kind of question is this? Did the cop or the wrecker total your car? Were you driving a new car? If not, I really doubt any insurance company will pay for a new one. If you were driving a $500.00 beater then that's what you can expect in the form of settlement IF you were not at fault and IF the at fault party has insurance.

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Insurance company will pay you fair market value of your car.. Meaning what ever KBB is on it, minus any prior damage...

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do not believe it,,you will get fair market sale
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