I need to ask about a bank lien I have on my car. Someone hit my car and now my insurance adjuster said its totaled. Because I have a bank lien, the money I get from the insurance company goes to the bank. Can I refuse to sell it to the insurance company and trade the car for parts and get another car or do I have to sell it to the insurance company? They certainely are not giving me what the car is worth.
Thanks
Jackie

I used to work for State Farm. I do believe you have a choice to accept the insurance payment or to try on your own to get money for parts. Ask the claims adjustor. He certainly will know.

You do not have to "sell" it to them, but all you are gong to get is the value of the vechile according to the "book" value. Unless you had a special policy with the auto appraised, that is all you are going to get.

You can of course ask them to make you a money off and you keep the car, it will of course be less than the current offer they are making