Total loss = loss of 2500 dollars or does it?

[modestr6]

First of all thanks for reading. Im from North Carolina. I was in a car accident a few weeks ago...End result is the other driver is at fault for running a red light. My truck was totalled and the insurance left me with about 2500 to pay off. Gap would of paid this however the month I bought it I also refinaced it, not knowing that refinacing voids the Gap until now. Can I take the Driver at fault to small claims to pay off the 2500 or am I out of luck. thanks.

 

[seniorjudge]

Q: Can I take the Driver at fault to small claims to pay off the 2500?

A: Maybe. Did you sign a full release when you got the dough from the insurance company?

 

[Zigner]

First of all thanks for reading. Im from North Carolina. I was in a car accident a few weeks ago...End result is the other driver is at fault for running a red light. My truck was totalled and the insurance left me with about 2500 to pay off. Gap would of paid this however the month I bought it I also refinaced it, not knowing that refinacing voids the Gap until now. Can I take the Driver at fault to small claims to pay off the 2500 or am I out of luck. thanks.

You are entitled to the value of the car. It is not the other driver's fault that you owed more than the car was worth.

 

[seniorjudge]

You are entitled to the value of the car. It is not the other driver's fault that you owed more than the car was worth.

Ah!

Sorry...I misread the post.

I thought he meant he got paid for all but $2500 worth of the value.

 

[Zigner]

Ah!

Sorry...I misread the post.

I thought he meant he got paid for all but $2500 worth of the value.

It's Friday - we can let it slide

 

[modestr6]

thanks for the ansewers