Can I Keep My Car Even if it was Rendered a Total Loss as a Result of an Accident?
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In Florida, the surveil criteria must be met to deem your fomite a “ entire passing ” :
- The car’s value is at least $1,500, and the insurance company pays to replace the car with a car that is a similar quality and type.
- An insurance company will assist in paying for repairs, but those repairs would exceed 70 percent of the cost of replacing the vehicle.
- An individual does not have car insurance to cover the damages, and repairing or rebuilding the vehicle would cost 70 percent or more of the value of a replacement.
car owners have the choice to either transfer a full personnel casualty fomite to the policy company or repair the vehicle on their own and obtain a salvage title in decree to continue to operate or sell the car. Either the car ’ s owner or the insurance company must apply for a salvage entitle with the Florida Department of Highway Safety and Motor Vehicles ( DHSMV ) after an accident. Who is responsible for applying depends on whether the vehicle was salvaged in connection with an insurance settlement, in which case the insurance company needs to apply, or if there was no insurance company involved, in which case the owner is tasked with the application. salvage titles are most allow for people wishing to rebuild and use their car. alternatively, a certificate of destruction can be issued if an individual wants to sell the car for parts. once a salvage title is issued, the owner will receive the actual cash value of the car minus the salvage value for the vehicle from their insurance company.
Discuss Your Questions with a Jacksonville Attorney The options and administrative processes involved in deciding what to do with a fomite after it has been rendered a total loss can be confusing. If you have been injured in a car accident, what to do about your car is tied further from your mind as you focus on recovery. The injury lawyers at The Lawrence Law Group offer seasoned and knowledgeable representation to car accident victims throughout Duval, Clay, Nassau, Flagler, Putnam, St. Johns, Baker, Brevard, Union, Columbia, Suwannee, Hamilton, Jefferson, Volusia, and Alachua Counties. If you have been injured in a cable car accident, and you want to know more about your legal options, you can contact us online or at ( 904 ) 632-0077.
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