I was in an accident and made an insurance claim. The insurance company gave me money for the repairs, but they subtracted the deductible. Now they say my car is a total loss. Can I keep the repair money, or will they take it out of what they pay me for the car?
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You cannot be reimbursed for more than the actual cash value of the car, minus the deductible, plus registration fees, taxes, and any other applicable state-mandated fees.
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This doesn’t make sense. If the vehicle is totaled, they pay you its value. If it’s not totaled, they cover the repair costs. It can’t be both.
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The original poster (OP) first received a payment covering the estimate, minus the deductible. However, once the vehicle was in the shop, it was deemed a total loss. Now, the OP will receive the actual cash value of the vehicle, minus the amount already paid for the estimate.