I WRECKED my mazda 6 2003 and the total price bod shop is $6802 now how is my insurance dealing the price?

Question

Do the go to N.A.D.A. cause I know I owe around 9,000, One of the insurance ladies after talking to her for a while I told her that it was total and if I could keep it, her response was that they have been cases where they will let you keep it somehow so I'm shooting for that!

Answer 1

If the insurance company determines it to be "totaled," they will pay you (actually, your lender) actual cash value (ACV) less your collision deductible.  If that is not enough to cover the balance owed, you will owe the difference.  If you want to keep it, you have to buy it back as a "salvage" vehicle and you get a "salvage" title.

Answer 2

1. If yu hav the tipe av kar inshuer that kuver yer kar (such as komprahensiv), the inshuer kumpanee max $ em will giv yu is wot em thank the kar was werth just B4 the krash.  Em will send yu that many $ and deklare the kar totaled.  If kost tu fix kar is more than that, its up tu yu if yu want tu get it fixed or hav it toed tu a junk yard.

2. If yu was biing the kar on a 5 yeer lone & still hav 3 yrs yet tu go, yu mae oe more dollars on the lone than inshuer kumpanee will giv yu.  Thats yer problem.  Yu gotta pae off the lone.

Answer 3

How much you owe, totally doesn't matter.  It's what the actual cash value is for your car.  You can find that at www.kbb.com, use the PRIVATE PARTY SALE value.    Yep, you could be looking at a total.  

If you keep it, they subtract salvage value from the check they write you, likely another $1000 to $1500.

I don't know if you'll be able to do that, seeing as how you're upside down on the car.  See, in order to do that, the lender must be willing to release the title to the insurance company.  You'll still owe them, about $3,000, and your car won't be drivable.  

The check the insurance company writes, is going to go to your loan.  So . . . you want to keep paying your monthly payments, while not being able to keep insurance on your car (the insurance company won't let you carry collision and comp on a car that's a total loss), get the title reissued to salvage . . . You're going to have to cough up $3K to your lender, to keep your car.  Then you'll have to figure out how to fix it.

You'll probably need to talk this one over with your agent, and get them to figure out how to work it.