Camella Palacio
Question: Totaled car... Will insurance pay off loan?
I am pretty sure that I totaled my car yesterday. I hadnt even had it for a month yet, but I had got an auto loan from my bank to purchase the car. Since I only had it for such a short time, I hadn't even begun to pay on the loan for the car. If it is definitely declared totaled by the claims adjuster from my insurance company, is it likely that my insurance will pay off the whole loan? I have full coverage insurance, and had made no major changes to the car from When I got it to yesterday when I wrecked it so the value should be about the same.
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