If you’ve been in a serious car accident or lived through a life -altering natural disaster, you might have a total loss car.
When an insurance company deems your car as a “total loss,” it simply means that it would cost the insurance company more to fix the car than what the car is actually worth.
Instead of losing money on the car, the insurer may deem the car a total loss.
The next steps may differ depending on your insurance coverage.
If your vehicle is fully covered under your insurance plan, hopefully they will help you to replace your car.
If, like many people in the United States, you have liability-only coverage, then you might be liable for the damage to your vehicle. In that case, your monthly insurance payments might be low, but the coverage for your vehicle damage will also be low.
If you have no insurance coverage on your car, then you might need to get a newer, driveable vehicle.
In determining the value of your total loss car, the insurance company will evaluate the value of the car and your insurance policy. This estimate can also vary, depending on the state you live in.
Whether your car was destroyed in an accident or a flood, you’ve been through a lot, and a total loss vehicle is the last thing on your mind. That’s why the CashForCars team is here. We’ll help you get back on your feet and will bring value back to your total loss car.
Contact us today at 1-800-227-2893 for an instant guaranteed quote!