When Insurance Company Totals your Car?
insuranceCreation.com – What to do when your auto insurer totals your car? If the repair cost exceeds a certain percentage of the value of your car prior to an accident, insurance companies will consider it a total loss.
The insurance departments usually set standards for vehicle totals. The will pay you the original cash worth of the property and your car will go for auction to buy another car. If you disagree you can negotiate a price-permission agreement for repairs. The price may be too high for your needs.