If my car was hit by someone else, will their insurance company pay for the damages if I decide to junk it?
"I drive an old (2006) car and my car was damaged pretty badly when someone hit me at a stop sign. I'm considering junking it and buying a new car, but if I do this, will the other driver's insurance still pay for the damages?"
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Answered on Jul 27, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
“Your best bet is to let the car insurance company decide whether or not your car is a total loss or can be repaired. If the cost of repairs is more than the value of the vehicle, then they will likely consider it a total loss, in which case they will retain the salvage car and give you a cash settlement.
If you come to a private agreement with a third party about your car, you risk signing away insurance money (by law you can’t be compensated twice for the same loss).”
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