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You Don't Own Your Car

You may think "but yes I do, I have a title and don't owe anything on it." Well, you have insured yourself and the car, right? So you go for a drive and get into an accident where you cannot drive the car away. At that point, the car becomes property of the insurance agency that insures it since they have to then determine liability and subsequent costs of repair or write off. You can REQUEST to have the car "released" back to you in which then your write off amount will be the value of the car at the time of accident minus whatever they calculate the junk is now worth.

But technically, you don't actually own it. If you declined towing and removed it from the scene on your own, taking it home or to another service station not authorized, your insurance coverage could be affected negatively.

It's another usury game by the usual suspects.

Note: I live in Texas and so this may all be regional, could even be part of the coverage paid for. Either way, still seems dodgy to me.

EDIT again: This is all due to the fact the car in question is actually my dads, so the 'ownership' isn't mine, which all makes sense. I guess I need to read up more on kike insurance regulations.

You may think "but yes I do, I have a title and don't owe anything on it." Well, you have insured yourself and the car, right? So you go for a drive and get into an accident where you cannot drive the car away. At that point, the car becomes property of the insurance agency that insures it since they have to then determine liability and subsequent costs of repair or write off. You can REQUEST to have the car "released" back to you in which then your write off amount will be the value of the car at the time of accident minus whatever they calculate the junk is now worth. But technically, you don't actually own it. If you declined towing and removed it from the scene on your own, taking it home or to another service station not authorized, your insurance coverage could be affected negatively. It's another usury game by the usual suspects. Note: I live in Texas and so this may all be regional, could even be part of the coverage paid for. Either way, still seems dodgy to me. EDIT again: This is all due to the fact the car in question is actually my dads, so the 'ownership' isn't mine, which all makes sense. I guess I need to read up more on kike insurance regulations.

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I had some idiot drive out in front of me like I wasn't there. It was late, so we were the only 2 drivers in the vicinity. I tried to dodge and go around, but it was futile. This actually made the corner of my car smash into the front of his. They initially said they were going to repair my car (14 years old Toyota Corolla), but when the body shop started getting into it, a lot of things involved with attaching parts were twisted and mangled. This raised the repair costs to where it was declared a total loss.

Anyway, they gave me $4000 for a car that had a Blue Book value of $2500. That means if I sold it to a dealership, I probably would've got $1500 if that much, and I could have pushed for a good sale and got up to $2500 from a person or accepted a quick sale of $2000. I found out there were laws governing how much they had to pay me. It was supposed to be enough that I could get a car of similar value. I ended up buying a new car with that and some other money I had. As a privileged white person with 2 successful and responsible parents, they loaned me $4000 to cover the rest of the cost.