How does insurance value totaled cars?

Answer Insurance companies value totaled cars based on the fair market value of the vehicle before an accident. In addition to this data, the insurance adjuster might revise the value based on local marke... Read More »

Top Q&A For: How does insurance value totaled cars

When a car with only liability insurance and a salvaged title is totaled a second time what is the responsibility of the at faults insurance company as far as replacement?

Answer The title is irrelevant, they need to put you in equal transportation during the claims process and issue you a check based on the cars book value. If they give you less then you feel is r... Read More »

The Insurance Definition of Totaled?

Some people think that a car has to be completely crushed for insurance companies to consider it "totaled." The truth is that a car is totaled when it has any damage that would cost more to fix tha... Read More »

How is a totaled car insurance value calculated?

When you are in a car accident, the damage to your vehicle is evaluated and compared to the overall value of your vehicle. If the cost to repair that damage is higher than the vehicle's value, your... Read More »

When Is a Car Declared Totaled in Insurance?

After an accident, there are many things to think about, including what to do if your car is totaled. Before replacements or repairs, a decision must be made by insurors whether the car is totaled ... Read More »