A vehicle is legally considered a total loss if the cost of repairs and supplemental claims is equal to or greater than 75% of fair market value, which, again, can normally be negotiated. If your car is a total loss and the insurance company accepts liability, you are obliged to pay the fair market value for the vehicle. If your negotiations with the claims adjuster prove fruitless, you can hire an attorney. While this is likely to be considered a last resort, litigation could help you get the settlement you think you deserve.
It could also help to alleviate some of the stress surrounding total loss negotiations. A lawyer is likely to be more familiar with the process and knows how to fight the insurance company regarding your wrecked car. Proper research, documentation and the establishment of reasonable expectations must result in a fair agreement. If you think you don't receive a reasonable offer after negotiation attempts, contact your agent for guidance.
In some states, the consumer affairs office may provide additional advice. If you are not satisfied with your insurer's payment number after a car accident, contact your provider. Your auto insurance company may send an adjuster to represent you in negotiations, or you may deal directly with them. Auto insurance companies and state laws determine when a car is declared as a total loss, so it's unlikely you'll be able to fight your insurer if you decide your car is destroyed.
After your car has been total, you may expect your insurance company to pay you what you paid for your car so that you can replace it. If by any chance you are going through the brutal process of a total car claim with an insurer and want to exchange, below are reputable companies with good financial strength. Yes, an insurance company can force you to add up your car total because state laws regulate when cars need to be totaled. With the number of accidents increasing every year, you are much more likely to have a wrecked car at some point in your life.
You'll need this whether you're negotiating a payment with your insurance company or your appraiser for a reduced value claim or a destroyed car. If your car is damaged to the point where the repair cost is higher than it is worth, your insurer can declare your car as a total loss. After you've filed your auto insurance claim and want to negotiate the payment of your claim, it's important that you get the best possible estimate of the value of your car.