Does the insurance just decide your car is totaled and that’s it? Can you appeal? What are the consequences of having a car being declared totaled?
In: Other
When a car is totaled, it’s means the cost to repair is above a percentage of value or it’s not repairable. You can appeal, or verify information, but the insurance company has last word. You also might be able to buy back the totaled vehicle, but that means they won’t repair it and it will receive a branded/rebuilt title.
When a vehicle is declared totaled, if you have collision or other applicable coverage, they will pay you the replacement cost of the vehicle (same year and trim) plus sales tax and fees. I had a vehicle totaled out last year… seemed like a relatively minor fender bender, but because my car was 12 years old the $5000+ cost to repair was above the cutoff. They paid me like $7000 value plus $1600 for tax and fees. I put that toward a new car.
Latest Answers