If your car is totaled, the insurance company has already decided that repairs will cost more than your car is worth. It might not make sense from a financial standpoint to keep your car. However, your vehicle may hold sentimental value. Classic cars may also be worth more to collectors. ...
Car Insurance Steve Glass is a retired insurance professional with over 34 years of experience in the Property & Casualty insurance industry. Over the course of his career he led teams that handled Homeowners and Commercial property and casualty claims, Auto Medical claims, Auto Bodily Injury ...
Options After Your Car Is Totaled After your car is totaled, you might have moreoptionsthan you realize. For starters, if you believe the vehicle is safe to drive, youcancontinue to do so, but it is always smart to have a mechanic take a closer look before you get behind the wheel ag...
While the main types of car insurance coverage are listed above, every carrier is different and may offer unique or specialized coverage options. For instance, if you purchase a brand-new vehicle, you may be interested innew car replacement coverage. Or, if the roads near you are full of ...
I personally have no tickets and no accidents however 2 other people in my household have had one car totaled and a RV fire. As a result apparently Statefarm looks at it as the whole household. My policy has been randomly canceled. Now there’s some loyalty for ya huh? I did nothing!
While the main types of car insurance coverage are listed above, every carrier is different and may offer unique or specialized coverage options. For instance, if you purchase a brand-new vehicle, you may be interested in new car replacement coverage. Or, if the roads near you are full of...
many different add-on coverage options exist. These coverages help with all sorts of things, like rideshare insurance if you drive for Uber or Lyft, roadside assistance if you’re ever stranded and need help, and gap insurance if your car is totaled but you still owe money on your lease....
You’ve heard of cars being “totaled,” but what does that word really mean? In Massachusetts, a car is declared a total loss if the cost to repair it is more than its actual market value. Insurance companies are free to determine actual market value through sources like the National Aut...
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An insurance company may consider the car to be totaled even if it can be fixed. Generally speaking, the company decides tototal a carif the cost to repair it exceeds a certain percentage of its value, anywhere from 51% to 80%, according to Insure.com. Some states mandate or provide gu...