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I have a Honda Element and it is now considered Totaled. I was wondering if when my insurance pays me the value if they then own it or is it still mine? I was told by someone I know that it was still mine but I was unsure if that was true or the person didn't know what they were talking about. Please help. thanks

Answers from the Automotive Experts

Colleen McGee, Driving Instructor at Americas Driving School Hi Danwya Normally your totaled vehicle belongs to the insurance company once they compensate you for it. Call your insurance company to be sure of their specific policies. Also don't be afraid to negotiate if you think they are offering you too low of a price. (Do some research to make sure you are getting a fair deal.) Gook luck and have safe driving! Colleen M.

Karen Salvaggio, Owner - Professional Race Car Driver at Thunder Valley Racing Hi Danwya.....Typically, once an insurance company has deemed a vehicle to be "totaled," the owner is then paid the value as determined by the insurance company, and the vehicle then belongs to the insurance company. Some insurance companies allow the owner to buy the vehicle back for a price. The car is then deemed to be a "salvaged" vehicle, and a new title with a "Salvaged" designation would be issued. These procedures may vary state to state or around the country, so you will have to check with your local insurance office or the DMV for the specific details in your case. Best of luck.

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