If an insurance company considers a vehicle totalled, can I still keep my vehicle?
I was in a accident today and if my car is considered total and the insurance company cuts me a check for what they think its worth, can I also keep my vehicle in addition to the insurance check. Does the insurance company take possesion of the vehicle if its totalled out. My car was still running after the accident but since the airbag deployed and there was some front end damage it may be totalled out. I am hoping I can have my car back even if they total it. Any ideas A: When an insurance company total losses the vehicle – they buy it from you. Then they sell the vehicle for parts at a salvage auction to try and recover some of what they paid. If you want to keep the vehicle- the insurance company will subtract what they think they can get for the vehicle at auction. You get the car and the difference. You do not get full value and the car. Usually you get about 75% of the car’s value and the car when your retain the salvage.
