A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
If the accident was your fault you're out of luck. If you were hit by someone, their insurance will total your car and pay you for its actual cash value.
If you have collision insurance, they will pay out up to 40-70% of the value of the car in repair costs. Over that amount, it is considered totaled., and they cut you a check for the value of the car. The percentages vary with companies, vehicle, etc. You don't have any say in it. If you have only liability insurance, you're on your own for the repairs.
If you want to keep a totaled car, the insurance company will determine the salvage value and deduct that from your settlement check. You can still get liability insurance (if there are no safety issues related to the damage), but not collision or comprehensive unless you have the repairs made.
Collision insurance will cover any damages to your vehicle (or refund you the value of the car in the event that it becomes totaled) in the event of an accident. Collision insurance coverage typically only applies when you are the at-fault driver in the accident. Collision coverage covers any sort of collision whether it be with another car, a pot hole, a tree, a guard rail, a ditch, etc.
If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.
Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.
In California it is normally necessary for you to currently have comprehensive and collision coverage in place at the time of the accident for your gap insurance to take effect.
You get the Traffic Collision Report. You find out who was at fault. You get the other driver's insurance information. You file a claim with his insurance company. Using an attorney to represent you helps to avoid you suffering through the process yourself.
Repair it make a planter out of it sell it for scrap Without collision insurance you are out of luck unless the accident was the other guys fault, in which case his insurance will pay you for the value of your car and collect the remains.
well if you get hurt call an insurance agency like morris bart and you get the money you deserve, but if you dont get hurt the car gets totaled by a tow truck.
If you had collision insurance on the car at the time of the accident that should cover the value of the vehicle. Even if you were drunk you were still at fault and probably didn't crash your car on purpose.
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car
you will have to pay a debt and GET CAR INSURANCE
CONTACT AN CLAIMS AGENT FROM LOCAL INSURANCE COMPANIES, THEY WILL TELL YOU WHICH WRECKER NOW HOLDS TITLE OF THE SALVAGE VEHICLE(S). THEN YOU CAN CALL THE WRECKER DIRECTLY
used of automobiles; completely demolished; "the insurance adjuster declared the automobile totaled"
I was most relieved to find out that my insurance company agreed with my statement that it had been totaled. I came out ahead when my expenses were totaled up.
You can ask for more money and get other estimates. But usually, the insurance companies will price the loss of a car depending on the blue book's value.
If you carry full collision and replacement of your vehicle, depending on your insurance company, they will pay the blue book value of the car if it is totaled. That is why it is important not to ever owe more than the car is worth, which is referred to as "being upsidedown."
If you have comprehensive and collision the insurance company covers your car for loss. Unfortunately, most people don't have comp & collision after the car is paid off. If the bank still has an interest in the car, they will make demand of the insurance company and the BANK will be paid first. After that, if any money is left over you might get a check.
It would depend on why the car was totaled and who's fault the accident was and what time of insurance do you have PLPD or Full Coverage
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
When a car is totalled, it goes on your driving record. When insurance companies look up your record, they take that claim you made and make it part of the deciding factors of how much your premium should be. I had an at-fault accident last year and it did not total the car, however the insurance company hiked my rate 50 dollars. My best advice to you is shop around. Seeing a broker (someone who sells insurance on behalf of a certain number of insurance companies) may save you some time.