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R.I.P 2000 Camaro V6........:(

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Old 12-07-2007, 12:12 PM
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Originally Posted by 94greenbandit
So does the insurance company only own the car if you still owe on it or does it work the same way if you have the title. If the latter is true that is BS
They own it no matter what, if it is 'totalled' (Insurance companies decide if a car is totaled by determining if the damage is over 1/4th the value of the car, if so, its totalled out.) out by the insurance company, they pay you the amount of the cars worth and they own the car, and everything on/in it, period.
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Old 12-07-2007, 01:37 PM
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Well that sucks
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Old 12-07-2007, 04:20 PM
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its bullsht, if i have the title to the car, and have paid it off in full why do they own the car if it gets total'd.
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Old 12-07-2007, 11:13 PM
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Update: Yes the car is totaled, give my statement to both insurance company's (he did to) They said monday they will let me know who is at fault. I mean we know who but they have to determine heh.....
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Old 12-07-2007, 11:39 PM
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Originally Posted by silverbullet
its bullsht, if i have the title to the car, and have paid it off in full why do they own the car if it gets total'd.
yes, but they are paying you for the car. Essentially, you have sold them the car. And once you someone a car, its theirs to keep. Yes, it sucks, especially if you have aftermarket parts that are still good, but really its only fair.
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