My car was hit while I was parked the insurance company deemed my car a total loss but i want to keep my car what happens at this point ?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 22, 2014

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Insurance Question from Crossroads, MS

Asked on 08/22/2014

My car was hit while I was parked the insurance company deemed my car a total loss but i want to keep my car what happens at this point ? NULL

Answer given on August 26, 2014

If your parked car was damaged to the point of being determined to be a total loss, the insurance company will pay you the actual cash value of the car, less your deductible The actual cash value may not be what you consider the car to be worth, but the insurance company bases the value on current values from the Kelly Blue Book and other sources. You can try to provide proof the car is worth more through local ads or other sources, but the insurance company may still deny the additional value.If the car is totaled, you may be able to purchase the car back as salvage. Talk to the adjuster about this. If you do so and repair the car it can be insured, but the title will show it is a salvaged vehicle. If you can get collision coverage again the value of the car will be reduced and if there is another collision you will get less than you may expect.

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