Short story:
2012 Elantra, less than 5K miles, bought new (financed through bank). Got rear ended earlier this evening. There is a good bit of damage but the car was drivable, so I tore off what was left of the bumper and drove it home. In my state (MI), when a driver from behind rear-ends you, the accident is automatically their fault as a matter of law. To top it off, the other driver admitted the accident was his 100% his fault and that's in the police report.
This is my first ever accident and I don't want to get screwed by my insurance company or the other driver's insurance company.
Anyone have advice for dealing with a situation like this? My biggest fear is that the car will be totaled out and I'll be left holding the bag for some $ after the insurance companies tell me what my "used" car is worth. I do have "gap insurance" through the bank but I'm not sure what/how much it would cover if I need to make a claim.
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2012 Elantra, less than 5K miles, bought new (financed through bank). Got rear ended earlier this evening. There is a good bit of damage but the car was drivable, so I tore off what was left of the bumper and drove it home. In my state (MI), when a driver from behind rear-ends you, the accident is automatically their fault as a matter of law. To top it off, the other driver admitted the accident was his 100% his fault and that's in the police report.
This is my first ever accident and I don't want to get screwed by my insurance company or the other driver's insurance company.
Anyone have advice for dealing with a situation like this? My biggest fear is that the car will be totaled out and I'll be left holding the bag for some $ after the insurance companies tell me what my "used" car is worth. I do have "gap insurance" through the bank but I'm not sure what/how much it would cover if I need to make a claim.
View attachment 251675