If you can no longer drive a car after an accident, you don’t have to go for a total loss. More so, allowing your insurer to take the destroyed car is not a good option especially if such vehicle is still drivable. In case your car is involved in an accident, seek to have beneficial options to avoid incurring total loss as this website states. This article enlightens you on various immaculate options you can have for your totalled car.
Seek to contact your insurance company who will determine if your car has a total loss, soon after the occurrence of an accident. Additionally, the insurance company will determine the current value of the car by considering the mileage, its age, and the condition. A car is declared to be completed if it cannot be repaired or if the repair cost exceeds the amount the actual value of the vehicle.
The insurer takes first decide the actual price of the car, then make its decision, to sum up, the car basing on the repair cost of the damaged parts. The insurance companies have their formulas and states have their threshold to declare a totalled car from the damages which get to fifty-one percent of the value of the car. Soon after the value is determined, you will receive that amount, less the deductible if the claim was conducted according to your policy. Most people prefer to have an insurance payout for the process is simple and requires little or no effort on the behalf. Besides, to know how much you totaled car worth, ask to have a car sale database and check the car models which have same requirements .
Besides, if your vehicle can still be safely driven after an accident, or else get towed to a repair shop, consider keeping it. For old cars, a claim is not recommended because the funds in performance cannot be worthy of purchasing something which you can rely on.
Additionally, you can decide to sell your car to a dealership if you disagree with your insurance company. Soon after informing an agent that you’re selling it yourself, an estimated salvage value will be deducted and reduced a check for the rest. Besides, seek to have junkyards in your area and gather a variety of offers from them, after which you consider those which comes with their incentives and caveats as you can discover more.
Additionally, the scraps can directly be sold to the buyer, and also all functional bits and bobs get listed online. Lastly, you can give your vehicle to charity as they pay for the towing, where they then scrap or sell the car and the funds received furthers their charitable efforts.