Q: i was involved in non at fault accident other party issued citation for failure to yiel my car is totaled!
My myself and my child were involved in a not at fault accident, pretty sure my car is totaled is 11 years old with over 120,000 and significant body and frame damage, I owe more of the vehicle than its worth about 6000.00 more, Im going through the responsible partys insurance they were in a rental car, i dont know if i have GAP, will the at fault party insurance company pay off my loan balance, or will i have to get a lawyer?!
A: If you have a balance remaining on the car loan that exceeds the actual cash value of the vehicle , the insurance company will likely not want to pay off the loan balance. The law states that you are only entitled to the actual cash value, but there are some legal argument that an experienced lawyer can make to help you get compensation that you are entitled to. In order to provide you with the best answer, I would need to chat with you to gather additional information.
Tim Akpinar agrees with this answer
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