Explains the process of insurance adjusters in determining the retail value of a car. Sources used by insurance adjusters to measure the value of the car; Best way to resolve a conflict between insurance adjusters and car owners; Policy of most U.S. states in measuring the value of a car....
A total loss car accident is a car accident in which your vehicle is determined to be “totaled,” ordamaged beyond repair. This decision is made by your insurance agency after a variety of factors are considered. So when your car is totaled by insurance, what happens?
All things considered, the start of the process depends on whether your car is totaled or it's just a junk car that you want to sell. However, all the roads lead to Rome, and you'll need to find out your junk car value. The Case of a Car Accident Believe it or not, getting a ...
So if your car is totaled, the insurance company should consider the value of anything, software included, on the original bill of sale. If you purchased after the fact, like I did, I got a rider to cover aftermarket equipment. The policy included $5000 in aftermarket equipment, and they...
Similarly, if you get in an accident and the car is totaled, what you get from the insurance company probably won’t cover what you owe. You’ll get stuck paying on a loan for a vehicle you don’t even have anymore. That’s a major hardship, especially if you have to get another ...
Of course, if your vehicle is totaled – meaning, its market value is effectively nothing – you should be able to expect full market value (immediately before the accident) to compensate you for the loss of value. (Repair expensesin that case would likely be zero, because why would you ...
Actual cash value is a key insurance term to know, especially when your car has been totaled. Knowing how insurance companies determine ACV can help you ensure you’re being paid appropriately for your vehicle.
In this article, we will guide you through the necessary actions to take if your car is stolen without insurance. While we hope you never have to use this information, being prepared can help alleviate some stress and provide a roadmap for the recovery process. ...
It doesn’t matter if it’s a car, truck, van, or SUV; we take them all. Even if your vehicle is damaged or wrecked, we’ll take it off your hands. We also buy cars that need repairs or don’t run. If your vehicle has been involved in an accident, we would be happy to buy...
hopefully, it'll be nothing more than a fender bender; however, there are chances that the accident could be bad enough that your car is totaled. The important factor is that you're ok. After the shock of the accident fades, you may take stock of how your car is doing. If the accid...