When the cost of repairs is greater than the value of the car itself, they write it off as a “total loss” and pay you the car's market value. When this happens, the totaled vehicle receives a salvage title. A
I absolutely hate working a wreck and having to tell some poor person sorry about your car getting totaled but the at-fault driver didn’t feel like having insurance so it’s on you. I stop every single vehicle that doesn’t have insurance attached to the return and if they can’t ...
Of all the ways you may receive your claims check, having it written out directly to you is the simplest. This happens when you no longer have a lease or loan on the vehicle and when you choose your own repair shop. Still, there can be different ways the check is spent. When a car...
The best time to know what to do after a car accident is before it happens. Otherwise, the potential chaos of the moment may not allow you a chance to process things clearly. Keeping a cool head can be a big help when navigating the aftermath of a car accident, especially when it come...
These four-year colleges have a 40-year net present value ranging from $3.37 million to more than $4.5 million. Sarah Wood March 6, 2025 What Happens if Pell Grant Funds Get Cut The Pell Grant program is projected to face a $2.7 billion budget shortfall, p...
What happens if you don't meet your deductible? If you can’t afford your deductible you will fall short of the amount you need to repair or replace your vehicle. If your car was totaled you might have to choose a cheaper car or, if your car is being repaired, you might not be abl...
As a rule, an insurance company decides to write off a vehicle if the repair cost exceeds 50% of its market value, meaning even minor damage can result in a write-off. When this happens, the owner receives the market value but doesn’t get the car back. There are four write-off cate...
Money you still owe on your vehicle. Car costs and interest rates can make it hard to pay off your loan. So what happens if you damage or even total a vehicle you still owe money on? Gap insurance pays the difference between what your car is worth and the amount you owe on it. (...
DETROIT (AP) — President Donald Trump’s 25% tax on imported cars, light trucks and auto parts is likely to drive up prices at a time when many Americans already struggle to afford a new set of wheels. The tariffs will also force car companies to rethin
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 Claims, Catastrophe...