What to do when your car is totaled and you still owe money
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Totalled car.
When Is a Car Considered Totaled?
“Is my car totaled?” is a common question asked after a severe accident.
Is my car totaled quiz
A totaled car, or a total loss, is one that the insurance company would rather not pay to repair, because they've deemed it not worth the cost—they'd rather pay for you to get a new one.
However, the idea of defining a car as totaled (or not) only matters if you have comprehensive coverage.
If you only have liability coverage, and you total your vehicle, you'd better have a lot of money saved up, because not one cent of the damage to your own car is going to be covered. This is true whether you get into an accident, a tree falls on top of your car, a hailstorm pummels your car, or your car is stolen.
But if you have collision and comprehensive coverage, you’re probably wondering whether or not you’re going to have to give up your totaled vehicle forever or just for as long as it takes to make repairs. (If you’re wondering whether you have to actually make the repairs once the insurance company has paid for them, the answer is complicated).
Many times, you wou
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