Cars aren’t built like they were a few decades ago. Plastic, electronics, and other technology have replaced a majority of the components that we were once able to repair ourselves, causing even minor incidents of damage to require professional repair. A simple pothole can even cause you to lose your bumper nowadays, and more serious situations almost always result in thousands of dollars in repair expenses—all at a moment’s notice.
A vehicle can only sustain a certain level of damage before it’s considered to be “totaled,” which means the damage to the car far outweighs the price of purchasing the same vehicle at its current market value. The amount of damage to reach this classification will depend on various factors, such as the age of the vehicle, the mileage, and your insurance policy, but most providers will apply this designation if the damage exceeds 80% of the vehicle’s cost. If your vehicle is totaled, most insurance policies will pay for a replacement and allow you to get back on the road again.
Unless you have experience with vehicle repairs, you likely won’t know the total cost of the damage immediately after the incident. You’ll have to rely on what the insurance company is telling you, and in some cases, they don’t have your best interest in mind. They could designate your vehicle as totaled, then neglect to provide you with your fair and full compensation, or they could drag their feet during the process and leave you without the funds you need to return to a normal life. Either case will force you to pay for the damage out-of-pocket, but why should you be forced to shoulder the financial burden if your policy protects you?
The simple answer is you shouldn’t. Determining car total loss value in 2022 is challenging, but it’s not impossible, and there’s really no excuse for an organization with as many resources as an insurance company to make a mistake that costs someone thousands of dollars. It’s an unfortunate reality for too many individuals, but with the help of an attorney, you can sidestep any hurdle you encounter along your path and reach the finish line of your situation successfully. No one should receive less than their car total loss value in any situation—Morgan and Morgan is here to ensure you’re compensated fairly and treated with respect.
With $13 billion+ recovered since our inception, offices from coast to coast, and the resources of a corporate giant, America’s largest personal injury firm is uniquely capable of helping you recover your car total loss value, regardless of the complexity of your case.
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