Hi there!
I had a recent accident where my vehicle was deemed totaled by my insurance company. I chose the option for them to pay me the cars value + salvagers value and take the vehicle off my hands. The money they're giving me leaves my lien amount owed at about $2K. No gap insurance but I can pay that off easily with my current budgeting.
This was my first accident and I have accident forgiveness with my insurance company.
My questions are:
Anything unexpected I should know about in terms of credit hits or getting screwed in some way?
Do I have to finish my insurance plan or does it stop when I sell the vehicle to them?
Anything I should do to protect myself?
Tbh I'm sort of relieved as this vehicle was my only source of debt and I'll soon be debt free again.
Submitted November 09, 2022 at 06:54AM by MeatSack5027206209 https://ift.tt/vYOGqxC
