Accidents happen, but on the roads, accidents can be scary, dangerous, and expensive. If you’ve been involved in an auto accident with a truck driver or any sort of vehicle, your car may have suffered serious damage. You may have also experienced health complications because of a major accident.
Your car is one of the biggest purchases and most expensive pieces of equipment in your life. So when it is totaled or destroyed in an accident, both your day to day travel and your wallet can suffer. You hope to never have to deal with this complication, but unfortunately, other drivers can be reckless or negligent. Additionally, you may suffer an accident from natural causes that are completely out of your control. A totaled car is not the end of the world. Of course, the first priority is that you and your passengers are safe and healthy. Once that is taken care of, you can start the process of recovering costs for your car with your insurance agents and/or seeking out a new vehicle. If you’re wondering what to do after your car is totaled in an accident, look no further. We’ve got all the tips for you below.
First, contact your insurance company.
Every month, you write a check to your car insurance company. Well, in the case of a major accident, it’s time for them to return the favor. You’ve probably been paying for comprehensive coverage and collision coverage. The first covers damages from natural disasters or accidents, like a tree falling on top of your parked car. The latter deals with vehicular accidents that were caused by another truck driver or passenger vehicle. As an accident victim, your first step is to contact your insurance company and file an insurance claim. They will then determine if the car is completely totaled or able to be repaired. They should pay you back the cash value of the car, minus the agreed deductible.
Seek what you are owed.
If your car accident was caused by another motorist, your insurance company may seek payment from the other driver’s insurer. Many big, corporate companies may not want to pay full compensation for your repair costs or medical expenses. In this case, you need the best personal injury attorneys in the business. This is especially necessary in case of commercial truck accidents, as the corporate big wigs try not to payout. According to a Los Angeles truck accident attorney, truck-related injuries and deaths are on the rise. If you’ve suffered a serious injury or extensive damage to your vehicle as a result of a truck accident, don’t be intimidated, but get what you are owed as soon as possible. An injury claim may be your best bet to avoid financial strain due to a totaled car and medical bills.
How do you know if your car is “totaled”?
The term “totaled” is tossed around a lot, but what does it actually mean? Many states and insurance companies have different definitions. Generally, a totaled car is a vehicle that will cost more money to repair than what it is worth. It’s a matter of your total loss threshold. A car may also be considered totaled if it is unsafe for a mechanic to repair.
Find a new vehicle for a good price.
If your car is officially determined to be totaled, you may be ready to look for a new vehicle. There are auction cars for sale online that ship anywhere in the world, even from the US to Ghana. So if you need a new car fast for a low cost, check out online dealership sites that offer deals on vehicles for $5,000 or less. Used vehicles may be the best option after an accident. But, make sure you are purchasing a reliable and safe car that can be easily fixed in the future. One reliable name is Honda, an automaker whose models are affordable and easy to find parts for.
What happens if you were leasing or financing?
Many individuals are leasing or financing their vehicles. In these cases, your insurance policy must have comprehensive and collision coverage. Sometimes they will pay out to you and your lender for the cash value of the car and you make up the difference. You can also add loan or lease gap coverage for your vehicle in case of a serious accident.
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