lunes, 17 de julio de 2017

What happens after your Car gets totaled in an Accident?

A car is considered totaled when the cost of repair the auto exceeds the value of the car. Some states have laws that define a totaled vehicle by specific limits. In other cases, the insurer determines whether a vehicle is considered a total loss.

At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we give you some important information to take in mind when your car is totaled in an accident:

1. Collision coverage and comprehensive coverage help pay to replace a totaled vehicle. These two coverages are typically required on your car insurance policy if you're leasing or financing your vehicle. If your vehicle is totaled and you don't have comprehensive or collision coverage, you may have to pay out of pocket to buy a replacement vehicle.

2. To determine your car's worth at the time of the accident, insurers typically use a number of factors to figure your car's actual cash value including its age, condition, mileage and resale value, plus the selling price of similar vehicles in your area.

3. If you're involved in a car accident, there are a few basic steps to follow before and after your vehicle is considered totaled:

- Contact your Insurance agent and initiate an insurance claim.
- Get the damaged vehicle inspected at an auto body shop. The shop will provide a repair estimate, including both parts and labor.
- Your insurer will determine whether the vehicle is a total loss, based on repair costs.
- Your insurer will cut you a check for the actual cash value of the totaled vehicle, minus your deductible on your comprehensive or collision coverage.

Remember that a car insurance policy may help protect your wallet, your vehicle and even offer peace of mind. Contact us for more Information, At GUARDIAN INSURANCE AGENCY located in Fairburn, Lagrange and Norcross, we can help you choose the coverage that's right for your needs.

For more Information contact us: (706) 884-5006 or (770) 969-5666

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