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?
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Totaled does not mean destroyed. It just means that the cost of repair is greater than the present resale (wholesale) value of the car. The car might very well be repairable, but unless you have paid for a full replacement value (which is very expensive insurance), you are only covered to the value of the car. And…contrary to what people think, it does not mean that you will be able to buy a replacement vehicle for the insurance amount. You can appeal to the insurance company, but you are only entitled to the insurance you paid for…which is the value they probably have already quoted you. That’s why at some point, it doesn’t make sense to carry comprehensive insurance on an older car.
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