do you have to get your car fixed or can you take the money
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do you have to get your car fixed or can you take the money
IF REPAIRS IS MORE THAN BOOK VALUE WHAT WILL THE INSURANCE CO. PAID
Asked on July 3, 2009 under Accident Law, Ohio
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
If the repair estimate is more than the book value of the car, it's "totalled" and you'll get the book value in return for title to the wreck. In most cases, you won't get the choice, you'll just get the check.
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