Normally if the estimated damage is 75% of the value of the vehicle, it will be considered a total loss. The reason for this is that there may be hidden damage that only appears after the repairs are initiated. This varies, depending on your insurance carrier.
Either the cars owner or the insurance company who paid for the totaled vehicle
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
All auto losses are used to determine premiums. All claims paid plus expenses of the company are added up to determine if the insurance company has a profit or a loss. Auto insurance companies usually try to break even on underwriting of auto insurance policies. If they can break even on the insurance then they will usually make money on investing the premiums and be profitable for the year.
Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.
Yes, you can put in an insurance claim for any reason. It is up to them to pay or deny any claim. It will be tough to determine which damage was there prior to any other accident.
If she was driving your vehicle, with your premission, it would fall under your insurance and they would have to pay for the other drivers vehicle
How do I start an auto insurance company in Texas?
Safe Auto Insurance Company was created in 1993.
What auto insurance company has the codenumber 962?
If you have comprehensive coverage in effect on the date of loss, it should be covered.(I'm an auto rep for an insurance company.)
Usually your insurance company will make that determination. The only time I can think of one insurance company working with another company to determine fault is if stories are mixed, or circumstances (such as weather, pedestrians, noise, etc) are too complex to tell initially.