Auto Insurance (Write Off vs Car Value)

[kenny]

Here's a situation that a co-worker asked about and since I didn't know the best answer, I thought I'd post it on here.

She was involved in a not-at-fault accident and her vehicle was a write off. The bad news is, the amount of money that her insurance company is paying out is not even enough to cover what is remaining on the loan.

What is her best course of action? She does not know if she has gap insurance, and I assume if she did have gap insurance her adjuster would have mentioned it?

Thanks for any help!

[Crymson]

Never take their first offer. Yuo have to negotiate with the insurance adjuster the same way that you negotiate with used car dealers. Get autotrader's ads of similiar vehicles. You do not have to accept what insurance's first number is, they ALWAYS low ball you, because they're fucking cheats, and most people don't know better.

[nissanK]

Does she have the choice to take the insurance offer for the car or can she decline it?

I had a vehicle in a "write-off" accident. I kept the car and sold it separtely and made more than the insurance company offered.

edit: ^^^Beat me to it!

[tom_9109]

The at fault party will not be responsible for her vehicle being worth less than she owes. She's pretty much just gotta cough up the extra.