Who receives pay out if a vehicle is written off after an accident, but there is a lien on it?

The accident wasn't our fault, we were rear ended. The insurance co. is going to write it off. There is a lien on the vehicle that is more than the vehicle is worth.


Answer:


Hello,

Looks like you are upside down on the loan. The insurance company will pay the lien holder, and you will still be responsible for the remainder of the lien. It's a very unfair situation, but that's how this situation works.

Please see our section on total loss. http://www.auto-insurance-claim-advice.com/totaling-a-vehicle.html


Good Luck,
Auto Insurance Claim Advice
Spokane Washington