settlement?

[alance2118]

What is the name of your state?NE
I was involved in an accident where the other party pulled right out in front of me, no time, hit him doin 60. His insurance takes 100% liability. The car i had was just purchased 2 months ago. They want to give me 5300 for the car but still owe 6800, am i out the money they will give me and still stuck with the remainder and payments for a new car or is it worth fighting for more?

 

[justalayman]

What is the name of your state?NE
I was involved in an accident where the other party pulled right out in front of me, no time, hit him doin 60. His insurance takes 100% liability. The car i had was just purchased 2 months ago. They want to give me 5300 for the car but still owe 6800, am i out the money they will give me and still stuck with the remainder and payments for a new car or is it worth fighting for more?

It is worth fighting for if the car, at fair market value, is worth more than the $5300 offered.

If it isn't, you just learned the hard way what gap insurance is for.

 

[Meatcutter]

What is the name of your state?NE
I was involved in an accident where the other party pulled right out in front of me, no time, hit him doin 60. His insurance takes 100% liability. The car i had was just purchased 2 months ago. They want to give me 5300 for the car but still owe 6800, am i out the money they will give me and still stuck with the remainder and payments for a new car or is it worth fighting for more?

You have to remember, the insurance company only owes you the actual cash value of your vehicle, not the price you purchased it for. As was mentioned earlier, this is why gap insurance exists.