fgwinn
Date registered: Dec 1899
Location:
Vehicle(s):
| RE: Insurance question
I would think when the cost of the repairs are higher than value of the car that the insurance company would prefer to settle by writing you a check for the value of the car. In the case of a lease, you could owe the difference between the market value and the residual value, plus all of the lease payments. Unless of course you have some type of gap insurance.
markcedes - 5/26/2006 4:54 PM
How much damage does a car have to be to be "totaled"?
and what hapens if it is totaled and leased? |
