FREE Insurance Comparison

Compare quotes from the top insurance companies and save!

Call us today for a free consultation (855) 466-5776

Ask An Insurance Pro - Question and Answers

FREE Insurance Comparison

Compare quotes from the top insurance companies and save!

Call us today for a free consultation (855) 466-5776

Answers to your Insurance Questions - Ask Your Question

Auto Insurance Question from Mission, Arizona

Asked on 11/14/2018.   This question has received 205 views.
Do I have to accept that my car is totaled and can I recinde my claim no structure or frame damage only body nicks and dents and back window shattered it was stolen and recovered 2 weeks later   I live in Arizona and my 2010 Chevy Camaro was stolen has a shattered window and a balance of $50000 Insurance is Sentry/Dairy land and the car has no other damage tostructure or the frame

Answer given on December 12, 2018


Your vehicle, being a 2010, is not going to have an actual cash value of $50k or above with any insurance company, even if  you have some special equipment. You need to check with car dealers and the Kelly Blue Book to determine what the current value of your car is. Then figure the cost of your repairs and see if you are close to it being considered a total loss. I'm surprised you were even able to find a lender for this amount on such an old car.

You can probably withdraw the claim on your car if the insurance company still considers it a total loss, but they will most likely refuse to continue to insure it for collision coverage.  Since you have a loan, you will then have to find other insurance on the car as the bank will require this. Maybe they can find insurance for collision, but it will be expensive and will most likely only protect their investment.



NOTE: The IMPORTANT NOTICE below is a part of this answer!

IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.