If your vehicle is a total loss after a traffic collision caused by another driver, that driver’s insurance company may offer you a settlement amount. If the amount offered is not sufficient, you have three options.
First, you can accept the offer, even if it’s not adequate. Second, you can negotiate with the insurance company for a better settlement. Finally, you can hire a car crash lawyer in Lynnwood to file a lawsuit on your behalf and, if necessary, take your claim to court.
Insurance companies do not cover repairs that cost higher than the vehicle’s actual value. This is why it is important for them to determine if a damaged car is a total loss. But how would you know if your vehicle is considered as such? The experts at feldmanlee.com gave the following possibilities.
Restoration is impossible
There are other things to consider before a car is declared a total loss, apart from the very noticeable physical damages. If it is impossible to drive it to the nearest repair shop because it won’t start, the chances are that the damages are considerable. Also, if the parts are severely damaged that restoring the vehicle would be out of the question, then it’s a total loss.
Severely burned severely or has been submerged in water
A vehicle is also considered a total loss if it had burst into flames completely. The same is true for cars that are damaged by flood or completely submerged in water.
The market value does not match the repair costs
Ultimately, it is up to the insurer to verify whether your car is totalled or not. Depending on the age and condition of the car before the accident, insurers will determine if the cost of repair is higher than the replacement value. If it is, then the car is nothing but damaged property.