Will the insurance company give him a new car?

Question

My brother got into an accident last night in his friends' car. He tried to swerve and avoid hitting a car, but he swerved into another car and the other car hit a parked car. The owner of the car was in the car as well. There were no injuries at all. The front axle is gone so that is considered totaled. Do you think they will give him a whole new car?

Answer 1

Insurance companies are not obligated to replace a vehicle, only pay the market value if the vehicle is, indeed, a total loss.

Answer 2

No.

Does he even have "comprehensive"?

The insurance may only cover liability,

in which case he gets  zip.

Even if he's covered all he gets is 'book value less

deductable`, (the price of a good deal on a

comparable used car...if you can find one.).

The Insurance Company can come after your brother

for the money if he's held responsible.

Answer 3

Did the friend have replacement cost coverage on the vehicle?  If so, he will get a new vehicle of the same make and model.  If not, then the insurance company will just pay the market value of the vehicle minus the deductible if they truly deem it a total loss.

Answer 4

No, they will not buy him a new car.

The insurance company will pay the owner of the vehicle, the actual cash value of the car.

Answer 5

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Answer 6

Probably not.  If he had the kind of insurance that replaces the vehicle, he may have a better chance, but because your brother was driving, I truly have to think probably not.

Answer 7

No. He'll only be paid "replacement value" which means the value of another car of the same make/model, age, mileage, and condition. And they will attempt to low-ball him on that. He may have to fight to get what he is due, depending on the insurance company.

Answer 8

No.  Insurance companies aren't in the business of buying cars for people.  

IF he has collision coverage, the insurance will pay the LESSER of the actual cash value of the car, or the cost to repair, MINUS the deductible.  Then he has to take that money, and try to find a new car with it.

If there's a loan on the car, the check gets turned over to the lender, to pay off the loan.

Answer 9

nope.