My car was a total loss. Will the other insurance send the money to my lienholder?

I was in an accident that was not my fault. I was hit by a semi-truck driver and my car was deemed a total loss. The driver had insurance and they offered the ACV for my car because I'm still paying on it. The offer was much lower than what I still owe, though I do have gap insurance. One offer was a check for ACV and that allowed me to keep the car and another offered more money, but they keep the car.

If they keep the car, will they send the check directly to the lienholder? At that point will my gap insurance will pay the rest, but will I still be without a vehicle? If I choose the lesser offer and keep the car and store it will the check for the ACV still be sent to the lienholder?

Mar 11, 2020 Columbus, OH

Ross Martin

Mar 11, 2020

Sorry to hear about your situation. I would check with your gap coverage provider. It may be a case where they will not honor the gap coverage if you take the lesser amount. Then you would get stuck still paying on the loan with a totaled vehicle. Either way, the check will likely be made out to the lien on the vehicle. 

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