Ok, I had an Oldsmobile Alero GL 2DR. I was still making payments on it and got into an accident that destroyed the front half of the vehicle. Thankfully I came out ok but now I have to deal with the car insurance / loan company. They did an assessment and said the car is definately totaled.
From what Ive heard when a car is totaled the insurance company either compensates you with the actual cash value for the car or gives you a comparable vehicle to replace it.
Which is true? Do they give you a similar vehicle or just pay you? Any suggestions on what I should tell the loan company?
From what Ive heard when a car is totaled the insurance company either compensates you with the actual cash value for the car or gives you a comparable vehicle to replace it.
Which is true? Do they give you a similar vehicle or just pay you? Any suggestions on what I should tell the loan company?