What is Total Loss in Vehicle Accidents?

When a vehicle is damaged in an auto collision, it can sometimes cost more to repair than the vehicle is worth. In such cases, the car or truck is deemed a “total loss.” The insurance company responsible for covering the property damage is then obligated to pay the actual cash value (ACV) of the vehicle…

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How Do Insurance Companies Determine If My Car is a Total Loss?

When you’re involved in a car accident, one of your significant concerns is whether your car will be deemed a total loss. Understanding how insurance companies determine if a car is a total loss is crucial in navigating this challenging situation.   Criteria for Determining a Total Loss Damage Severity vs. Vehicle Value: The primary…

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