What If Your Car Is ‘Total Loss” After a Car Wreck?
If your vehicle is totaled after a car accident, you must arm yourself with all the information you can to help determine a fair total loss price for your automobile. Use all the sources you can find. Research how much similar cars are being sold for on Craigslist. Visit Kelly Blue Book at www.kbb.com and National Automobile Dealers Association at www.nadaguides.com for vehicle pricing information. Present any receipts to the insurance company you have for additional work done to your car such as new tires or a stereo system so they have a more complete idea of your vehicle’s value. Ask the insurance company for a total loss valuation once they’ve had a chance to look at your car, as it documents in detail how they determined the value.
Even if you thoroughly research your car and present the insurance company with all of the relevant information you can find, there is still a good chance they will offer you less than what you think your vehicle is worth. Unfortunately, many people end up disappointed at the amount the car insurance company wants to pay for their totaled car. Your options are quite limited when it comes to dealing with a low offer on your total loss property damage. You can always opt to sue the other driver and try to resolve the property damage later on in litigation, but in the meantime, you are left without a vehicle and without any extra money to go out and buy a new one. The other option (when you find your self low balled by the property damage adjuster), is to accept a lower number that you would like for your car, but you often have the opportunity to make up the difference in your bodily injury claim. That is not a good option either.
So it really comes down to being prepared when you fight the other driver’s insurance company. The more information you have at your disposal, the better result you will receive. I have seen plenty of people satisfied with the final value assigned to their car when they have been prepared with information relating to what similar vehicles in the Dallas Fort Worth are selling for.
15 Mistakes That Will Wreck Your Texas Accident Case!
One wreck is enough! If someone's carelessness causes you to be seriously injured in a Texas Accident, you must make sure you don't make mistakes that could WRECK your own claim. Any mistakes you make could end up being very costly for you.
15 Mistakes That Will Wreck Your Texas Accident Case!