Can I Keep a Car Even if it is Total Loss?

Can I keep a car even if it is a total loss?
One of the questions that clients ask is: "Can I keep the vehicle after a car accident if it is a total loss?"

The answer is yes, you can keep the vehicle. However, you will not receive full value for it.

Basically, the insurance company will keep, retain the salvage value of the vehicle.

What is that mean?

Let's assume, you are rear-ended, and the vehicle is a total loss. The insurance company comes looks at it and said, the value of your car is $10.000.

However, you'll ask them can I keep the vehicle? and they said, sure, however, we'll only give you $9000, and you are like, wow, why is that the case?

Even a total loss vehicle, a salvage vehicle had some value.

If they took it to the scrapyard, they will get $1000 for it.

Therefore they're going to deduct that from your recovery.

To answer the question, can I keep the vehicle after a car accident?

Yes, you can. However, you will get less money for it.

We hope this has helped you.
If you have any questions call us at 314-352-6800

Bajric & Ramic Law Office
Nedim Ramic - Car Accidents - Personal Injury Attorney

[dragonfoxsolid]

I got hit, no fault of my own, and I find it ridiculous they won't repair my car. Can I sue the insurance company?

[CJ]

What about if u still o money and the insurance has Ben dropped . The loan company is charging me now for insurance but it only covers them I beleave and I'm behind on payments and now a tree has fallen on the cab of my truck I'm at a total loss and it sikens me thinking about calling the loan company . I have had this truck for almost 5 years and would like to find a way to keep it any advice or words of wisdom would b appreciated thanks 👍

[AbelardoMedina]

Okay so I kept my car can I still insurance it and pay emissions on it and drive it around like a regular car and still be registered?