What Happens If Your Car Is Totaled By Insurance? 
If your car is declared a total loss you will be offered a settlement for the value of the car minus the deductible -LRB- if you were at fault . -RRB- Frequently you will be given the option to retain ownership in the car for a negotiated amount . If you then have the car restored , the licensed car will have a salvage or C title . The settlement is negotiated between you and the insurance company . Make sure that you understand all the options and assert your position if it is necessary . 