Unisured driver at fault, who keeps the salvaged car?

hey guys, i've tried looking everywhere for the answer for this one, but it seems to have eluded me. I've recently had a car accident, and we forgot to buy insurance, my fault completely, and we were the driver at fault.

To settle it, we've agreed to pay the write-off or the lowest price to fix it. It seems to be heading along the way of a write off as the car is worth 4000-5000 and the repairs will cost me 4200 (at least), i just want to know when an insurance provider writes off your car they pay you their price that they think is fair, because we don't have those resources it will be decided by negotiation. If we pay the write off does that mean we can keep the other persons car for salvage? Thats what insurance providers do. Or is it negotiated?

If anyone has had similiar experiences please tell me what to do!

Thanks

entidtil

If you are paying for a "write off" then you are essentially buying the car. It will be yours....... But...... Make sure you are provided a clear title to the vehicle when you pay for it.
Tip: You could also offer to sell it back to the owner so you don't have to sell it on your own. To do that you need to see what the salvage value might be

Jason

Because you are negotiating the settlement with the other party, it is up to you to determine the terms. There is no law that forces the other party to sign their auto over to you should you offer a "write-off", so it is up to them to make that determination, and you to accept or make counter-offer.

In the case when an insurance company determines that an automobile is a "total loss", they offer the insured a payment in exchange for their automobile. These are the terms set by the company at the time the policy is purchased, and the insured accepts these terms by buying the policy.

You, however, did not agree to any terms with the other party before getting into an accident. Therefore, there are no strict rules to the settlement you make with them.

Before you complete your settlement with the other party, be sure to have a contract at the ready that states the other party's claim is completely satisfied by your settlement. You may want to have this contract drawn up by a lawyer, or find a boilerplate from Nolo Press. Otherwise, you may still be liable for damages in a court of law, despite the fact that you made a payment to the other party.

:>)

You keep talking about "negotiations" What exactly do you mean?
Is in any way the owner of the vehicle is not being paid FULL VALUE of the vehicle, being you keep talking about "negotiations"
If the ins. company is taking up your slack (paying the owner the difference of the vehicles value) They will want to vehicle for the salvage value. They will auction it off to re-coop some of their loss you have caused by "conveniently forgetting" to pay your liability insurance.

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