A motor vehicle is considered a “total loss” if the cost of repairs plus any supplemental claims (such as towing, storage fees, and rental car expenses) equals or exceeds 75% of the vehicle’s fair market value prior to the accident. How Is the Value of a Totaled Vehicle Determined? If the vehicle is determined to be a total loss, the insurance carrier is required to pay the owner of the vehicle the fair market value of the vehicle prior to
The total loss check will be issued to the owner of the totaled vehicle if the car has been paid off and the owner holds the title, meaning that there is no remaining loan payment for the car. If, however, the vehicle is being financed, the insurance company will have to determine the pay off amount of the vehicle. If the total loss settlement exceeds the pay off value, the insurance company will generally issue one check for the amount
Generally, the rental vehicle provided to you should be comparable to the vehicle that was damaged, but the rental company’s inventory at the time is usually taken into account. Before obtaining the rental car, it is wise to first contact the insurance company to ensure that they will pay for the cost of the rental car. Usually, insurance companies can quickly make a rental car reservation for you. Rental Cars for a Total Loss Claim If your vehicle is totaled,
In most cases, you should feel free to handle your property damage claim yourself. After you car is appraised, the insurance company will let you know if the car is considered a total loss or if it can be repaired. A motor vehicle is considered repairable if the cost of the repairs and supplemental claims (e.g., rental car expense, towing fees, and storage fees) are less than 75% of the fair market value of the vehicle prior to the accident.
Car Accident Resources, Car Accidents, Personal Injury
Negotiating with the Insurance Company After an Accident
Shortly after a car accident, truck accident, or motorcycle accident, you should be contacted by an adjuster from your insurance company, from the other driver’s insurance company, or both. The way that you respond to the adjusters’ questions is crucial to preserving your rights and trying to get the most possible for your claim. Below are a few tips to keep in mind when negotiating your claim with insurance companies. 1) The Adjuster for the Other Driver’s Insurance Company Is
Delay is a Common Insurance Tactic Once your claim is filed, you will usually be assigned an insurance adjuster who is responsible for all of the preliminary matters. Sometimes the insurance company will contact you immediately because they want to get fact-specific statements from you about how the accident occurred (in hopes they can find some way to deny the claim), and then they may tell you that they will send someone out to inspect your vehicle, but they may
Car Accident Resources, Car Accidents, Personal Injury
Using Health Insurance for Treatment After a Car Accident
Naturally, you would expect the at-fault party’s insurance company to promptly pay your medical expenses, but this is usually not the case. First, insurance companies do not pay the medical bills while treatment is ongoing, which can lead to bad credit from the bills being sent to collections. If they agree to pay for your medical bills, payment will not be made until your doctors appointments, surgeries, chiropractic treatment, physical therapy, or other treatment is complete. Second, after you have
Our personal injury lawyers relay that it is crucial for an injury claim to be documented and supported by medical records. Even if you do not feel hurt, you need to get checked out. It is extremely common to not feel any pain for the first few days after the car accident, only for the pain to set in at a later point. If you did not get checked immediately after the accident, the insurance company may argue that you
A plan for individualized CRPS treatment usually includes a team of healthcare providers possibly including a combination of physical therapists, orthopaedic specialists, and/or neurologists. Since there is no cure for the syndrome, the medications prescribed are often the ones also used to treat other chronic pain conditions. The primary goal of treating CRPS is to restore functionality in the affected body area and relieve pain. This care normally includes physical and/or occupational therapy. Early treatment of Complex Regional Pain Syndrome is crucial
After an automobile accident, the towing and storage fees can be significant. A vehicle may need to be towed multiple times, with each tow adding to the total costs. For example, many times a damaged vehicle will be towed from the site of the accident to a storage facility until further arrangements are made, and then the damaged vehicle will need to be towed from the storage facility to the repair shop that the client chooses. Often clients ask who will be