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What Counts in Declaring your Car Totaled

It is common to think that you may never be in a head-on collision type of car accident. We are however witnessing more accidents these days. This has resulted in there being more claims to process. This is because of the higher number of accidents, and the higher cost of repairing a car. In some states, you are most likely to end up with a totaled car, since they have set a certain percentage at which the repair cost should not exceed otherwise. The value in question is not the one you got the car for, but what it is worth that day. You shall thus see some cars totaled yet still functional.
It is important to understand what could cause yours to be totaled too. You shall do so when you first find out what age your car has. There are now new cars coming into the masses, but most are still the old ones. They are also not to be assumed to be cheaper to fix.

You should find out how much your automobile is indeed worth. Forget the value you got it for. An insurer shall start by comparing it with the same models in the market. If it was damaged before, that will lower its value. You however, increase its value through any previous upgrades.

They also look at the cost of repair. Should it be more than the current car value, you have yourself a totaled car. Today’s cars have so many components that make their value increase considerably. IF that part gets spoilt, the overall damage shall be way too high.

If you wish to keep the car after the totaling, you can. They shall pay the salvage amount, but then slap the ar with the salvage title. This shall minimize further the car’s value.

There is also a need to know who led to the accident happening. The insurance companies need to know this, since the one ensuring the persons who caused the accident is to pay for the damages. The police reports will have this down, as well as the driver’s statements. In such a clear situation, there is no need for the insurance company to launch its investigations into the incident. They will only look at the images to fix an amount. You shall have a hard time finding fault with the only person. The payable amount shall, therefore, be a percentage of the claim amount. This percentage is the same as the one that falls on the other party in the accident.

It is thus essential that you take good care of your vehicle at all times. You need it to have the highest value. The internet has web pages on which you shall find more info. There are also blogs on which you can read more about how to prevent your car being totaled.