Question on blue book value, and accidents.-got my answer, lock me up :)

[dxkj]

Just wondering, if your car gets totaled, do you always get the blue book value, or how exactly does that work?


Two cases:

1) 2003 model car, brand new, 50 miles on it. Someone wrecks into you (and its no doubt their fault), and totals your car. Do you get enough money to buy a brand new car? Or do you lose the 3, 4, 5k that your car lost when you drove it off the parking lot?


2) 1991 Cavalier (my car). Blue books for 175 trade in, 375 or so private sale. My car has 73k miles on it and is reliable (never broken down on me yet, just muffler getting rusty, rusty underside, etc). If someone wrecked into me, their fault, there is no way I could find as reliable used car as this for 375....


Anyway, just wondering. This is more something I should ask my insurance company.

 

[minus1972]

wondering the same thing myself as my car was recently totalled by a jack@ss who decided not to stop afterwards even though half the front of his camero was dragging in front of him...

 

[radioouman]

Originally posted by: dxkj


This is more something I should ask my insurance company.

 

[conjur]

If you had Gap insurance, you're covered completely (or should be.)

As you supposed, ask your insurance agent.

 

[dxkj]

Originally posted by: conjur
If you had Gap insurance, you're covered completely (or should be.)

As you supposed, ask your insurance agent.

That sounds like a good idea! But Im a moron so I dont know what gap insurance is. *looking it up*



edit: looked it up, Now I see what gap insurance is... yup that answers my questions. thanks