Your Car Is A Total Loss! Who Pays And Do You Recoup Any Expenses?
A car accident only takes a second to occur, yet it takes days, weeks, months and sometimes years to pick up the pieces. A majority of the calls placed to the Personal Injury Department at The Dellutri Law Group have two main issues: First-they are badly injured and are requesting we advise them as to who pays for their medical bills, lost wages, pain and suffering, etc. The second and highly common issue: Property Damage....Is is repairable or a total loss?
f the cost of repairing your vehicle exceeds a certain percentage of your car's value before the accident, insurance companies will declare it a "total loss." Some car insurance companies will total a vehicle if damages are at or above 51 percent its pre-accident value. Other insurers will total at 80 percent. State insurance departments often set guidelines for the percentage at which cars can be totaled.
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