Do you have a vehicle that was recently totaled or you're thinking about purchasing a salvage or totaled vehicle from someone else? If so, you need to have all of the facts in front of you, and you may wonder, "Can you get insurance on a totaled car?"
Insurance is one of the most important ways to protect yourself in the event of an accident, but it is also required by the law depending on the vehicle that you drive, and how you intend to operate that vehicle. If you fail to have appropriate insurance, this could lead to many different problems for you in the event that you're involved in an accident, and you're pulled over by a police officer. You need to understand what it means to say that you have a totaled car, and how this can potentially influence your insurance situation.
What Is a Totaled Car?
The phrase totaled car is used to describe those vehicles that have been damaged to the point that the cost of repairing that vehicle is more than what the car is worth, or that the vehicle cannot be repaired so as to be operable and safe for anyone else. You may discover that your vehicle has been totaled by the insurance company following an accident, or if someone intentionally damages your vehicle through vandalism or theft. This raises important questions for you, such as whether or not you can get insurance on the totaled vehicle or need to carry insurance. Insurance adjusters are the primary individuals who decide whether or not a vehicle is classified as totaled.
Basics About Getting Insurance Coverage on a Totaled Vehicle
Even if a vehicle is classified as totaled by an adjuster with your car insurance company, you can still get insurance coverage on it. In fact, totaled cars can be covered by liability insurance, collision, property damage, or comprehensive insurance which varies based on the situation. If a totaled vehicle has a lease balance or a loan balance, your insurance company will first reimburse the lender before coming to you, so this is worth considering if you hope to continue driving the vehicle after the point that it has been classified as totaled.