What is the procedure of buying car back from my insurance company?

Answered by

Sarah Johnson
Sarah JohnsonLicensed Agent

Posted on Feb 02, 2023

When you buy a car, you usually have to go through a number of procedures, including buying car insurance. If you are in an accident and your car is totaled, you will need to go through the process of buying car back from your insurance company. This process can be a little complicated, but it is important to remember that your insurance company is there to help you.

The first thing you will need to do is contact your insurance company and let them know that your car has been totaled. They will then provide you with a claim number and instructions on how to proceed. You will then need to provide your insurance company with a copy of the title to your car and a bill of sale.

Your insurance company will then evaluate the car to determine its value. They will also determine whether or not the car is a total loss. If the car is a total loss, they will pay you the value of the car. If the car is not a total loss, you will need to take the car to an authorized dealer and have it appraised.

Once the car has been appraised, you will need to provide your insurance company with a copy of the appraisal. They will then determine whether or not to pay the full amount or to take the car in exchange for the amount they have agreed to pay.

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