After you’ve had a major accident with your car and you’ve filed a claim, your insurance company will make an estimation that may mean that your car will be totaled. However, car insurance companies don’t just automatically total a car after a major accident, as your insurance representative at Pizano Insurance serving Wayzata, MN will tell you. Much depends on the damage that would need to be repaired versus the car’s value. Here is some important information to help you understand the process.<\/p>\n
In essence, the phrase "total a car" refers to a process in which the car’s value is deemed to be less than the cost to repair it to a condition where it can be safely driven again. The auto insurance company would pay the lesser of the two amounts. If the car’s value exceeds the repair estimates, it is "totaled."<\/p>\n
An insurance company declares a car a total loss when the cost to repair it exceeds a certain percentage of its actual cash value (ACV). If repairs cost more than this threshold, the insurer will consider the vehicle totaled and offer a settlement based on its pre-accident market value. Factors that influence this insurance include:<\/p>\n
As you can see, a major accident doesn’t always mean the auto insurance company will total the car. For help with your claims process and to get all your questions answered, contact your insurance representative at Pizano Insurance serving Wayzata, MN after any accident that you may be involved in with your car.<\/p>\n","protected":false},"excerpt":{"rendered":"
After you’ve had a major accident with your car and you’ve filed a claim, your insurance company will make an estimation that may mean that your car will be totaled. However, car insurance companies don’t just automatically total a car after a major accident, as your insurance representative at Pizano Insurance serving Wayzata, MN will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[26,127,240],"class_list":["post-726","post","type-post","status-publish","format-standard","hentry","category-auto-insurance-car-insurance","tag-auto-insurance","tag-pizano-insurance","tag-wayzata-mn"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t