0
How do you determine a cars value after an accident in which the adjuster says is totaled?
Wiki User
∙ 8y ago
Ask a salvage yard what they will pay for it.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How do you get an estimate of what Geico adjuster will give you for your totaled vehicle?
Try to get value of vehicle at: Nada.com Autorader.com Kbb.com
How does an insurance company determine the amount of money to give you for your car when it's totaled in an accident?
The insurance company will only pay the 'book' value of the vehicle as if it were in perfect condition unless damage prior to the accident was discovered and that damage will be deducted from the 'book value'.
What is considered totaled in a car accident?
A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.
What percent does foremost insurance use to determine if a motorcycle is totaled?
70% of the value
Does state farm insurance use the trade in value or the retail value of a car to determine the value of a car if totaled?
They use a market value guide.
How do you determine if a vehicle is totaled?
If the repairs of the vehicle exceed the value of the vehicle, then the vehicle is declared total loss.
How does car insurance determine value of car?
It is important after you have an accident and your car becomes useless as your insurance company will have to pay up. Has your car been "totaled" by the insurance company claims adjuster? Is it now being towed to a salvage yard because it has been rendered unusable in an accident? The laws of states vary somewhat, but typically there are state laws involved with "totaled" vehicles in order to keep unsafe "junk" from being driven on public highways. Part of each insurance companies procedures must follow the state statutes in order to comply in the claims process. For more information read the source link below
What states has a provision that a vehicle must be totaled after an accident?
I don't know if there's a provision but, depending on which state you live in a car is totaled when the repairs cost more than 50-75% of the car's value.
What to do if Car totaled and no collision insurance?
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.
How is a car considered totaled?
When repair costs exceed 50-75% (depending on the state you live in) of the car's actual cash value before the accident.
How much money do i get if your car is totaled?
There isn't a set rate on this. The insurance company will first examine to see if the accident in which your vehicle was totaled was done in a manner which voided your policy. Then, the analysis will be made based on the vehicle's value, and the extent of your policy.
Had an accident just got into another one Does the insurance company calculate the damages from the first accident plus the damages on this second accident to figure if that car is Totaled?
No. A "totalled" car is one whose value is less than the total cost of the repair.
