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Is the insurance payment based on ACV or the repair estimate if your car is totaled?
When an claims adjuster, determines the car is totaled, that means it cannot be repaired. In which case, the replacement value for the car at the time of accident, minus any depreciation penalties is the sum paid out.
Answer
A total does not mean the car cannot be repaired! It means the cost to repair exceeds 50-75% (varies from state to state) of the actual cash value of the car. You will get actual cash value of the car. If you're lowballed you will have to prove to the insurance company (via newspaper ads, car lot prices, etc) that the car is worth more. My experience has been that the insurance buyout is fair but if you did upgrades to the car (keyless entry, stereo upgrade, new parts) provide the receipts and they will credit you for it.
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How do you determine if vehicle is totaled when burned?
A vehicle is totaled if it cost too much to repair it. Usually, insurance companies determine whether or not a vehicle is totaled.
What makes a motorcycled totaled?
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
Can you have repair payment check made to you or must be paid to repair shop?
Is the auto insurance provider required to make your repair claim check to the repair shop?
How do you know if you car is totaled?
You need to file a claim with your auto insurance carrier. The insurance adjuster will physically examine the vehicle's damage. If the estimated cost to repair all damages exceeds the total value of the car, then the insurance company will total the car. This means they will write you (or the lender) a check for the total value of the car before damages.Most of the above is true but a car is considered totaled when the repair costs exceed 50-75% (depending on the state you live in) of its actual cash value. If it is totaled you will sign the title over to the insurance company and they will take ownership of the car after they pay you.
Does insurance help with buying a new vehicle if your car gets totaled?
Yes, they will help, but they won't buy you a new car. Once your car is deemed totaled, the insurance company will usually pay you the value of the car before the accident minus your deductible. You can either buy back the totaled car and repair it or use the money towards a new car.
Can a request be made to an accident repair shop to declare a car totaled?
Ultimately, the decision to declare a vehicle a total loss belongs to the insurance company. If the insurance company is unable to have one of their own adjusters look at the vehicle, they will usually hire an independent. The repair shop can write an estimate and take pictures, but the insurance company will decide (based on state law and their own policies) whether or not the vehicle is a total loss.
What are the steps to get an insurance estimate to repair a car?
First, call your insurance company to confirm what their protocol is. You will either need to get a few estimates from auto body repair shops, an insurance adjuster will estimate your damages or both. Once you have the proper estimates, you can submit the bill to your insurance company.
Is the cost for Volvo repair more expensive than the car?
The cost for repair on a vehicle depends on what year it is and what shape it is in. If the damage to the vehicle costs more than the vehicle itself, it will be totaled by an insurance company.
I have liability insurance my car was totaled what am i to do with the car?
Repair it make a planter out of it sell it for scrap Without collision insurance you are out of luck unless the accident was the other guys fault, in which case his insurance will pay you for the value of your car and collect the remains.
If an insurance company totals your car can you get a new car?
Totaled means that the cost to repair it is more than what its worth...they will most likely give you something below KBB ...
What do you do if you are not satisfied with the outcome of an insurance estimate on damage to your car?
Take the vehicle to a repair shop and obtain your own estimate. You have the right to obtain your own estimate for your damages.
Why is repair preferred than replacement by the insurance companies?
If repair costs are up to 76% of the vehicles value then the vehicle is totaled. Whichever option is least expensive is the one they go with but you will never find one that is going to actually replace your car, just give you the estimated value at the time. If you have ever had a car totaled you know that you never get enough to replace it.
