Drowned car

Total Loss pays only 70% of the insurance...But we haven't done all the installments yet?

Calm down, you're mistaken, or you're being hit.

Tricked "

In the insurance industry, the numbers "70%" and "100%" are different if the claims say they will only pay you 70% of the policy table...Illegal!! This is the truth and the "pitfall" of returning the Nance car that you need to know now:

1. Solve the misunderstanding: "70%" is the threshold...But "100%" is the money you need!

The Threshold: The law stipulates that if a car is damaged so heavily that the cost of repairs exceeds 70% of the insurance capital - > the insurance company is entitled to "total loss."

The Payout: Once hit as Total Loss, the insurance "must pay back 100% of the insurance capital" (as specified on the policy table page).

Not only pay 70%!!

Trap: If the employee says, "Peak receives this case, we can only save 70% of the capital" - > Reply to "Let's talk to the security guard" (he will immediately change the word)

2. Broken world problem: "insurance capital" is not enough to pay "debt.

Finance "(The Debt Gap)

This is the most painful knife corner of the car installer.

Fact: Usually the insurance capital is made almost 80% of the car price (e.g., buy a car 1 million, insurance capital 8 lakh). Scenario:

Midman Drowning Car- > Full Capital Insurance 800,000 Baht Financing Balance Debt (including interest) - > 950, 000 Baht

Result: The check will be paid to a total of $8 million in "financing" (beneficiaries)...The difference is 150, 000 baht, and the financing will turn to "you!" Conclusion: the car is not driving and the debt is huge!

3. Survival: The "close the account" technique to the least hurt. If you encounter a "debt flood insurance" situation, follow this professional class:

Step 1: Net Payoff is not a balance.

Relax

This .950,000 peak you see in the app is the total.

Advance interest

The law.. If we twist one piece

Financing has to "reduce the hammering" the rest gives (mostly

Reduce 50-100% of interest not yet due)

What to do: Call Finance for Early Payoff Amount. This balance will be lower than the normal total debt.

Step 2: Negotiate "Haircut" (Reduction of Differential Debt) When the insurance has already paid a large sum of money to finance, the finance will almost complete the principal.

Technically negotiated with the finance weir: "I don't have a used car and have a flood. The insurance money has been transferred to you. The rest of the difference, I ask for a discount.

Can it be closed? If not reduced, I don't have

Wisdom really pays. Might have to let go of the lawsuit. "

Often, finance will reduce a lot of debt.

Or cancel the difference at all to twist the case (better than to sing people without money)

Step 3: Don't Leem "Give back the insurance" (Refund)

When the policy ends, you have the right to receive a "return insurance" for the rest of the period (even a few hundred and a few thousand is your money).

8 Final warning (death point)

"Do not drop installments" while waiting for insurance to pay!

The process of returning the remains can take 1-3 months if you stop.

Relax

The finance will charge "late adjustment allowance" and "query fee," and your name will be attached to "Blacklist," and then ask for excess money at the close of the account.# The law should know # Submerged car # TotalLoss # Return the remains # Finance

Article: Outside court lawyer