Editor's note: This article first appeared on Insurance.comand is reprinted here with their permission. Click here for the original post.
I totaled my car last week. I found out I owe more thanit's worth. Will my auto insurance provider pay off the whole loanor just the car's value? How do I get money toward a replacementcar?
Your car insurance company will pay only actual cash value (ACV)for your vehicle. That is the fair market value of your vehicle theinstant before it was damaged in the auto accident.
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