What happens after hail damaged car is declared total loss?

Question

I was parked at the wrong place at the wrong time..(or right) anyway my car was beat up with hail. Yesterday the insurance guy declared it a total loss. I still owe on the car (it's only a year old) but I do have gap insurance. What will happen next? Is there any way I can keep the hail damaged car? It runs fine, no glass was broken.

Answer 1

I have met this kind of problem before,here is the resource I found useful.http://car-insurance.easyideas4u.info/ca...

Answer 2

yes, you can keep the car but it will have a salvage title on it.  Your insurance premium might be a little higher (but not always) due to the fact that your car does not have a clean title anymore.  And it will be hard to sell it (if u decided) in the future, you're gonna have to really lower the price.

Like the first guy said, good job for having a gap insurance, it will pay the difference if you owe more than what your car is worth.

Answer 3

First off, smart move getting the GAP insurance.

Yes, you can keep the car, but they will subtract some from your check.