After insurance payoff can you sue for remainder of car loan

Typically, the insurance company is responsible only to pay the book value of your vehicle if it is totalled.  If you owe more than the value of your car, the insurance company is not responsible for this.  The rationale behind the rule is that the insurance company should only be liable for the actual value of the car.  For example, If you bought a $10,000 car for $20,000, that was a bad decision on your part.  Obviously, people can pay any amount for a car.  It does not mean that the insurance company is responsible for that amount, no matter what it is.  In this hypothetical, the insurance would pay you $10,000 only. Steven A. Schwartz Attorney/Partner   JOEL H. SCHWARTZ, P.C. One Washington Mall, 16th floor Boston, MA  02108 (617) 742-1170 (800) 660-2270 (617) 250-2072 fax sas@joelhschwartz.com