How Insurance Companies Handle Totaled Cars

Share Article

How Insurance Companies Handle Totaled Cars has released a new blog post that explains how car insurance companies handle claims for totaled cars.

When a car is declared totaled, this means that the cost of repairing it is higher than its value. There are states where laws dictate when a car is considered totaled. For example, in Alabama, the threshold is 75%. That means that if the cost to repair the vehicle surpasses 75%, the car is considered totaled. Find out more and get free car insurance quotes from

The insurance company will send first claim adjusters. They are trained to assess the damage resulted from the accident. Claim adjusters have the authority to negotiate claim settlements. They will first inspect the vehicle, check the damage done and approximate the repair costs.

It is important to remember that insurance companies take into consideration value depreciation. This means that the value of the car will be the one at the moment of the accident. Not the value of a new car of the same model. Claim adjusters can ask for a 3rd party appraisal. They will ask dealers and car repair shop to approximate the car's value.

After the market value was researched, the insurer will provide an offer to settle the claim. It the offer seems too low, propose a counteroffer. But always bring arguments and proofs for the counteroffer.

"If your car has suffered serious damage, it may be considered totaled. In this case, the insurer will reimburse you for the Actual Cash Value", said Russell Rabichev, Marketing Director of Internet Marketing Company. is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit

Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898,

News distributed by PR Newswire iReach:



Share article on social media or email:

View article via:

Pdf Print