Ca Insurance Payout Question?

Question

Can someone please explain to me what the payout of a car is if something happens to the car (if the car is stolen, totaled, fire) if the car only has liability insurance? Will you get any type of insurance money back, or at least the blue book value of the car?

Answer 1

If you only have liability coverage, you will not be reimbursed for any comprehensive loss - fire, theft, vandalism etc.  Why would you think you would?  Nobody would carry such coverage if that were the case.  If you are in an accident, and depending on your state's comparative negligence rules, you could recover from the other party.   You will get the actual cash value, not the blue book.

Answer 2

If you in a accident, and is other party fault, than their insurance should offer you to repair your car, but if the damage cost more than your car value, they will offer the "Payout" to your lost, it base on the blue book.  

If you damage your car and only have "liability insurance", your insurance company will not pay for your repair.