Girlfriends car got wrecked. If fixing the car is more money than the cost of thr car, what will they do?
I'm not a groundhog expert, but dealing with insurance this past summer when an idiot totalled my motorcycle... they'll give you what they think the car is worth (what they would get from a salvage yard, not the wholesale value) + HST. alternatively, you can also choose to buy it back and fix it yourself, at that point you'll get just the value of the car itself. the car will get a 'totalled' title. if you can fix it yourself, get it safetied and road-worthy, you can get it plated and back on the road (the totalled title will follow it forever though, so carfax/carproof will display that), and pocket the rest of the money. unless you're driving around in a rare car... just take the insurance money. *edit* - sometimes they'll low ball you on an offer.. if you can prove your car is worth more than they think (going rates in your local market [autotrader/kijiji]).. you can usually squeeze a few more $$$ out of them.
They write off the car and write you a cheque for the book/market value of the car. You can negotiate this amount btw if they lowball you, you are entitled for the replacement amount that people are currently selling the same model/year/mileage car for locally.
http://www.insurancehotline.com/my-vehicle-is-a-writeoff-now-what/ Appears to be a Canadian site since it keeps mentioning Canada.
Hey man, anyone can google shit, he asked for Canadian experience on the matter. Step off, or I'll challenge your crew to a dance contest.
The car is a piece of shit... like, a HUGE piece of shit. The car drives still, but there is a new funny noise a broken windshield (and whatever part of the body is broken). Her and the roommate that share the car kind of need it, however. So if they took the salvage price, they'd be in trouble.
So did she drive the car away from the accident? Was she at fault? Does she have collision or just basic insurance?
early 90s POS honda, not sure which part of the body is busted (quarter pannel is my assumption). Broken windshield, and it makes a funny noise. Roommate drove it away from the accident (GF wasn't in the car) Wasn't her fault. as for her kind of insurance, I don't know.
they'll more than likely total it then and offer you a low-ball... when the adjuster see's the cracked windhsield and that it's a POS, he may not be too kind with his 'adjustment'. they totalled my bike with just a few scratches and a dent in the tank. I was lucky though, I acutally made a little over $1000 (paid $4000 for the bike and got a $5200 offer).. I was shocked to say the least.
If she only has basic insurance, her plan will NOT cover her car. If she has 'collision' she will be covered. http://www.icbc.com/autoplan/optional/optional-vehicle/collision If she was not at fault and only has basic insurance, the party at-fault's insurance will cover the damage. If damage estimates exceed ICBC's valuation of the car, they will pay her what the car is worth, but she will have to give up the car.
So no matter what, she's going to fine. Tomax, I would cuddle you naked right now. Or buy you a beer next time I'm in BC... but that would be creepy.
