How much does insurance pay on total loss if owner owes more than its worth?

How much does insurance pay on total loss if owner owes more than its worth? If a car is worth appoximately 30,000 and the owner owes 40,000 what will the insurance company pay the owner? I hope it is 30,000…. BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: My car was wrecked and the insurance company paid to have it fixed. Now they have found something they missed? After paying out around 12,000 to fix my car (body damage only, but new car so everything came from factory) we found out there is something else that needs to… Read More

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