I was rear-ended less than 48 hours after buying a brand new car, and based on the damage, it looks like it may be totaled. I was completely stationary at the time, so I’m not at fault.
In this situation, can I expect the insurance to cover the full purchase price of the car, including taxes and registration? Or is the payout typically based on something else?
Would appreciate any insights from people who’ve been through something similar.
Rear-ended in less than 2 days of new car
byu/ObjectiveEngine3683 inInsurance
Posted by ObjectiveEngine3683
1 Comment
Your policy might, if you have that coverage. If not, then your insurance or the other insurance will pay the actual cash value.
Often better to handle a total loss through your insurance too. Depending on the state and your car’s value, the other person may not have enough coverage.