So here’s the situation. I live in Florida and have a Nissan Maxima in 2002 with about 95k miles I like the trade and a new car would. The problem is that I have a lot of damage to the front of a hit and run left, which occurred about 2 years I have never filed a suit because I could not afford the deductibles are $ 500. My car is probably worth around 4000-5000 without the damage probably would run about $ 2,000 to fix.
My question is, can I submit an application and pay the $ 500 deductible essentially netting me $ 1,500 in value of the car? Would my insurance, the claim to the honor, or should I technically in default because my premiums go up? Should I exchange it with the damage and not even bother?
You should contact your insurance company. File claim and let them decide what to cover. Limitation period may be present, according to state laws.