What to Do if Your Car is Totaled

Getting into a car accident is bad enough, and it can be even worse if the accident totals your car. Dealing with an accident that ends in totaling your car needs to be handled slightly different than a normal car accident. Make sure that you know what to do if your car is totaled after an accident.

If your car is totaled, it means that the cost to fix your car is more than the car is worth. After an accident, your insurance company will use a source such as Kelley Blue Book to determine the actual cash value of your vehicle. That value will then be adjusted according to the condition that your car was in before the accident. The cash value of your vehicle will be lower if it was dented, leaking, and rusted, as opposed to being in pristine condition. The final value will also take customization, mileage, and enhancements into consideration.

Once your insurance company comes up with the value of your vehicle, they will then subtract the estimated cost of repairs and salvage value of your vehicle. If the actual cash value of your car is less than the salvage and repair costs, they will consider your car totaled.

If you own your car outright when it is totaled, the company will typically write you a check for the actual cash value of your car, minus your deductible and any other fees. If you are leasing your car, the leasing company will get the same amount of money, and if there is any left over, you will get the balance.

Most importantly make sure that you have the right auto insurance policy that will provide you with the right amount of coverage in case your car is totaled in an accident. Contact the insurance professionals at All Nevada Insurance, for all of your auto insurance policy needs throughout Nevada.