Car hit in parking lot. Car value 500 dollars. At least 1500 dollars in damage. Driver is insured. Should I even bother if I need to keep car?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jan 29, 2018

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Insurance Question from Fountain Inn, SC

Asked on 01/29/2018

Car hit in parking lot. Car value 500 dollars. At least 1500 dollars in damage. Driver is insured. Should I even bother if I need to keep car? Will they total car and want to keep it or just pay me?

Answer given on February 06, 2018

If your car’s value is low, as in your case $500, and the damage exceeds that amount, the insurance company will declare the car a total.  They will give you the amount of the actual cash value of the car and will take the car as salvage.  In some states you can buy the car back from the insurance company and fix it on your own.  However, most insurance companies will not insure a car that has a salvaged title.  You need to check with your insurance company to see if they will.  After the information is determined, you will then need to decide whether you want to file a claim or not.  You may be able to work a deal with the other driver to pay you some amount so they do not have to report the claim to their insurance company, since their rates could go up due to the accident.

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