No, it is not true. You will get paid the book value of your vehicle by either your insurance company, the other driver’s insurance company, or a combination equal to the book value.

Insurance policies always have a ‘no-loss, no gain’ provision, which basically means you cannot come out of your accident with more or less than what you had before your accident.

If the other driver is at fault and had insurance, it is possible that your insurance company will pay you the book value and then get reimbursed by the insurance company of the ‘at fault’ driver.

You will not get more money because that would put you in a better situation than before your accident. Insurance doesn’t do that.

As far as the items in your car, you can take them out anytime after the accident. What could you have had that was of any value that was destroyed in the accident? Can you prove they were in the car and damaged? If you can prove it, then you can claim it. Proving it may be tough, though, unless you specifically mentioned it in the police report and took pictures at the scene of the accident.

Your own auto policy will not pay for any personal property in your vehicle. You can present a claim to the at fault company for these items, however you will need to prove they were damaged from the accident.

You cannot collect from both companies. This is called double dipping and its against the law.

The at fault company will reimburse your carrier for the amount they paid you for your car.

If there were any deductions from you settlement (ex, your deductible) that will be reimbursed to you by the at fault company.