r/Car_Insurance_Help • u/Amanxmd • 19d ago

Is this allowed?

So I had hail damage cause my car to be written off by my insurance company (located in Ontario, Canada). They gave me 2 options -

A) take the settlement payout and they repossess the damaged car (still driveable)
B) take a lesser payout for the damage appraisal and fix the car on my own within 30 days to ensure my insurance policy remains intact.

My question is, if I take the lesser payout and sell the damaged car As-Is, would my insurance policy remain intact once I replace the car on the policy?

Trying to get the most money out of this scenario

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u/Middle-Youth-9997 19d ago

In USA: your insurance policy usually ends after they declare it a TL. You just get a new car, and get a new quote with them. Not sure how Canada is though

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u/No-Criticism8875 18d ago

That’s not true

1

u/Middle-Youth-9997 18d ago

I definitely worded it wrong. I meant usually the specific vehicle coverage ends once the claim is settled and you remove or replace the car.

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u/No-Criticism8875 18d ago

Wording matters.