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

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 »

How does insurance decide how much your car is worth if totaled?

%DETAILS% Answer Insurers use the "Blue Book" value, and factor in mileage and any previous damage, etc. Just as if it were a "trade in".

How is the value for a totaled car determined?

After an insurance company deems a car a "total loss," it then sets out to determine the value of the car by calculating a number of different factors.ACVFirst, the insurance company must determine... Read More »

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 »