consult a local attorney as soon as possible and get advice from someone who knows what they are doing.
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I agree with Mr. Varble. You will want to talk to an attorney in your area. There may be something an attorney can negotiate on your behalf. But it will depend on the policy you have, as well as the situation with the lien holder of your vehicle. You can use AVVO's find a lawyer tool to find a reputable one in your area. Good luck with this.
If I understand your question correctly, you should be entitled to payment for the value of your vehicle. If you truly have "full coverage," then you should be covered for damage to your car, even if you accidentally cause that damage yourself. I can see your insurance company denying you benefits for an uninsured motorist claim arising out of this situation, but you haven't specifically said you were seeking payment for personal injuries. Generally, to make a successful uninsured motorist claim in Iowa, there must be contact between your vehicle and the "phantom" vehicle.
I am guessing, and only guessing, that the value of your vehicle is less than or equal to the loan balance. That may be why you are not getting anything to put in your pocket toward a new vehicle. On the bright side, that means your loan is paid in full, and you should be able to get a loan for a new vehicle. But to give you an answer, you would need to discuss the situation in detail with an attorney.
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