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Will the other driver's insurance company pay for my vehicle to be fixed?
Will the other driver's insurance company pay for my vehicle to be fixed?
When an accident is caused by the other driver, that driver's insurance company must pay for the damage to your vehicle, among other things.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 24, 2008 --
Under Texas law, the responsible insurance company has a choice: it can either pay for the vehicle to be repaired, or declare the vehicle to be totaled and pay the owner for the vehicle's fair market value. Insurance companies generally choose the cheaper option. The vehicle owner's preference in this decision is generally not a factor. However, in many cases, the insurance company will agree that the vehicle owner can keep the vehicle, even if it is totaled. In such cases, the insurance company deducts the salvage value of the vehicle, usually several hundred dollars, from the amount that the vehicle owner would otherwise have been paid. This option is sometimes preferable when the vehicle owner believes that he or she can have the vehicle repaired, and wants to continue to use the vehicle.
More information can be found online at http://www.johnson-law.com/insurance-company-says-my-vehicle-is-totaled.htm
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