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by Lawchick on January 17th, 2009
If you totalled your car and are afraid any error was made, bank the excess amount and get a little interest, because if the insurer has made an error, you can return the excess amount and still have a bit of interest.
But, since paying out claims is what insurance companies hate the most, they use a list of factors to estimate the value of your vehicle. If your vehicle was over 25 years old and in working condition and you carried the 15% premium for a "classic car" then, your car would be paid out at a much higher rate.
Otherwise, your 25 year old car might net you less than $200.00. It also depends if you are carrying comp and collision on the vehicle.
by Phillis - Zacks little sister on January 17th, 2009
I don't see how a company can overpay you, since they have computer programs and thinktanks constantly revising and updating what they are willing to pay you, but for argument's sake, let's say it did happen. I would return the money provided I, too, had access to what their conditions for payouts are.
by Leeses Pieces is COATed in chocolate on January 17th, 2009
my car was totalled, but i did not total it, per-se.
they paid for the car - but my physical injuries far exceeded the money i received.
so i guess, i can say "yeah".
How long should an accident claim take?
by Answerbag Staff on May 19th, 2011
| 1 person likes this
What Is the Average Car Insurance Rate for Teens?
by Answerbag Staff on July 30th, 2009
| 1 person likes this
Who here has been in a car accident that wasn't your fault?
by Annonymous on September 26th, 2011
| 3 people like this
Have you ever been in a car accident and were you hurt or the other driver and how many vehicles were involved?
by bingozone on November 15th, 2011
| 1 person likes this
In Delaware in a high school parking lot, your car door chips the paint of the car next to yours. Are you liable for the damage?
by Mykal_R on September 18th, 2011
| 1 person likes this
You're reading If you totalled your car and were over paid by the insurance co. say yeah?
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