Can the car insurance buy your car when you claim hail damage claim?

We have full coverage and the car has hail. If they pay for hail damage repair it will not be the same as before and it has a mark in  the history when you sell it. So, how to ask them to tow your car and pay what's the fair value out there? 

14 Answers

  • 4 weeks ago

    They will pay you the lesser amount of (value of the car -deductible)  or (cost to repair - deductible.)   Lets say the car is worth $5000 and it will take $4500 to fix it.    ($5000 - deductible)  is more than ($4500 - deductible)  so they will tell you they will pay to fix the damages.   However if you are willing to waive the $500 difference they will pay you.   Of course,  if you have a loan on the car the loan company gets paid first.   Worst case is you end up losing the car and still have to pay off the remainder of the  loan. 

  • 4 weeks ago

    The insurance company only buys your car when it's a total loss, no exceptions.  Total loss means the cost of repairs is more than __% of the vehicle's current value.  I left the percent number blank because it varies by jurisdiction, and you didn't say where you live.

    And yes the car will be the same as before, because hail damage does not affect a vehicle's performance in any way.  Hail damage is strictly cosmetic.

    As for affecting the resale value of your vehicle, that's on you.  Just like depreciation, just like if your engine blows a gasket, just like if your cat puked on the seat and left a permanent stain.  There are a thousand things that can affect your resale value over the years, and insurance doesn't cover most of them.

  • Anonymous
    4 weeks ago

    They have full control and you have no say.

    If they pay for hail damage repair it will not be the same as before and it has a mark in the history when you sell it? Better it be hail damage than say a collision into a boulder that just happened to be on the highway that night and you smuck into it...@ 80MPH. (yeah some cars are still fixable, or when you smoke a tree or concrete wall.  When you return from the coma, you may find your car repaired.  Hail happens,. Still better than a flood or fire.

    You will be wondering "Where is the damage"?  They are that good  and the car is repainted again so you got a new coat of paint on the factory paint(a double coat)

     You can't tell, for the life of you.  Look as hard as you want.

    Understand; Car fax is a web site. Owned by some clown.  Not a government entity. So reporting to it is Voluntary.  For those that do not report to them; then CarFax is dumb about your car. If THEY are not informed, they don't know, then you got no black marks against the vehicle.

    The damage is more in your mind because you are always thinking about it and yet to the next person, they see nothing wrong with your car.

    I don't buy a car just to sell it.  I DO USE IT so for me it is fine.  You lose everytime you resell a car (unless you got a collector car) and NOT ALL are collector cars.

    Even then, you have to find the person willing to spend the extra as a collector car. Most people just see OLD car...and all they were looking for is wheels to get them to work and back. 

  • Anonymous
    4 weeks ago

    Your insurer will pay to have the car repaired, as long as the cost of repair does not exceed their valuation of it being 'beyond economical repair'. You don't get a say in that decision.

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  • May
    Lv 6
    4 weeks ago

    The insurance company will only "total" a vehicle when repairs are about 70% ( the percentage varies between insurance companies) of the vehicles "fair market value".  You have no say in that decision.

  • 1 month ago

    Yes, but not if you ask.  If the damage is enough, then they have to, even if you don't ask.  If the damage is not enough, then they can't, even if you ask.  You can't decide, and neither can they.  It's a specific percentage of the value of the car, and the percentage is set by state law.  If the damage is over that, they have to pay the fair value and they can't pay for repairs; if it's under, then they can only pay the repair cost and can't buy the car.  Either way, don't waste your time asking, because they have to do what the law dictates, and can't consider your wishes or requests.

  • Scott
    Lv 7
    1 month ago

    Whether or not a vehicle is totaled is a financial decision made by the insurance company. It doesn't matter what you want.

  • 1 month ago

    You can ask, but they can ignore.   They will end up doing what is in their economic best interests.

    Remember, what you consider 'fair market value' and what they do might be far apart.

  • 1 month ago

    You can only compare the repair cost to the market value of the vehicle.  You cannot get a total loss settlement if the repair costs are less than 80% of the value of the vehicle.  Get it fixed and then sell it if it bothers you.

  • Anonymous
    1 month ago

    1) Yes, if they "total" it.

    2) That is not something you can request; it is up to the insurance adjuster.

    3) They will usually "tota"l a car if the repair cost exceeds 50% of its value, but sometimes they will repair them if the cost is up to 80% of the market value.  It depends on the age and condition of the vehicle.

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