Question: What if my car is totaled after an accident?
Answer: The insurance company will usually evaluate the vehicle’s actual cash value, but you do not have to automatically accept an unfair valuation.
Complete Explanation:
A total loss occurs when repair costs approach or exceed the vehicle’s value under the insurer’s standards. Review the valuation report carefully. Check the mileage, trim package, options, condition, recent repairs, comparable vehicles, and local market prices. If the offer is too low, provide evidence. A property-damage claim is separate from your injury claim. Do not sign an injury release just to resolve the vehicle claim.
