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  • When is A Car Considered Totaled?

    July 27, 2020
  • When is A Car Considered Totaled in Collinsville Illinois?

    When you’re involved in a car accident, it’s important to know what comes next. In cases where the damage to your car is too bad, you’ll need to consider investing in a new vehicle. If you’re wondering how a Collinsville, IL, insurance company determines whether a car is totaled, here’s what you should know.

    What Totaled Means

    After you’ve been in an accident, you should file a claim with your auto insurance provider. When you do this, your insurance provider will look at your vehicle to determine how bad the damage is. The main purpose of this is to figure out how much money you’re owed for damages to your vehicle.

    However, the other reason insurance companies will examine your vehicle is to determine whether or not it’s totaled. Your car is considered totaled when it’s a total loss after an accident. Essentially, this is determined by comparing the cost of repairing your vehicle to the actual value of the vehicle. If it’s going to cost hundreds more to repair your vehicle, than the vehicle is worth, it’s considered totaled.

    Dealing with a Totaled Car

    Getting in a car accident is tough enough, but what’s even worse is totaling your car and realizing you have to replace it. Your next move after totaling your vehicle depends on whether or not you had liability coverage or full coverage, as well as who’s determined to be at fault for the accident. In most cases, your insurance provider or the other provider’s insurance party will pay for damages to help you replace your vehicle. However, that’s not the case when you only have liability coverage, and you’re determined to be at fault for the accident.

    If your insurance provider does cover your damages, you will receive a check for the estimated costs minus the deductible for your policy.

    Simplify Things

    While car accidents are never fun, they don’t have to bring your entire life to a halt. The best way to stay prepared for a car accident is to make sure you have the right type of auto insurance. Even if your vehicle is determined to be a total loss, a good policy means you have the resources to replace it. If you need help finding the best auto insurance policy, give KMK Insurance a call at (618) 398-5800 today.