Who owns my wrecked Blazer?
August 5, 2008 11:59 PM Subscribe
My car was crashed into and it's not worth repairing. Who gets the metal that used to be a Blazer: me or the bank I was making payments to?
Somebody crashed into my Blazer a few days ago and rendered it useless and beyond feasible repair (i.e., not worth fixing). I still had a few thousand dollars left to pay on it to the financial bank place who will most likely directly get the check from the other guy's insurance thus paying off what I owed them. So who gets the hunk of useless Blazer sitting in a warehouse? My name is on the title and everything, so would the car be my property if the bank is getting paid off anyway? I could sell it to a junk place for a couple hundred or more so I'll at least get something out of this mess.
And another question for anyone experienced in insurance-type stuff: providing they had adequate coverage, should their insurance company also reimburse me for the car as well? From what I've been reading about online, it seems that I will be screwed from this whole mess. The other driver was completely at fault, and their insurance is paying for my car (to my bank, to pay off what I owe); but that leaves me without a car to drive! I only had collision coverage, and the accident wasn't my fault. I'll be speaking with a lawyer about suing for damages and losing my only method of transporting myself and my kids, but maybe one of knows something about this stuff.