When the repair cost of a vehicle after an accident exceeds 75% of its current market value, it is declared a total loss. The insurance company will take possession of the vehicle and write you a check based on the car’s fair market value before the crash. If the insurance company isn’t paying enough to replace your car, you do have options. Hiring a car accident lawyer in Atlanta can provide the assistance you need during the challenging times.
Let us discuss the options you have after being involved in an accident where your vehicle is declared a total loss.
When Happens When Your Vehicle is Totaled in Atlanta?
The insurer works with repair facilities after an accident to fix your vehicle. When the insurance company determines that the repairing cost for a vehicle is too high, it is declared totaled. Once a vehicle is declared a total loss, the insurance company pays the value of the vehicle based on its fair market value. However, the compensation offered by the insurance company may not meet your expectations. If you are involved in a serious car accident and your vehicle is declared totaled, you should reach out to an experienced car accident lawyer in Atlanta for guidance.
Order an Appraisal of Your vehicle
The appraisal clause in insurance policies allows you to order an appraisal of your vehicle. When you opt for this option, an appraiser evaluates your vehicle to estimate its pre-accident value. This calculation is based on various factors such as year, make, model and maintenance records of your vehicle. A car accident attorney can facilitate the appraisal process and help get the compensation you deserve for your totaled car.
Negotiating a Settlement for a Totaled Car
If the insurance company isn’t paying enough for your totaled vehicle, consulting a lawyer is an option to resolve the issue. An experienced lawyer knows how to negotiate with the insurer to raise their offer. Insurance companies are likely to offer a lowball settlement that is usually not enough to replace your car and cover additional costs you are facing due to the crash. Car accident lawyers in Atlanta are familiar with the tactics insurance company use to take advantage of you.
Take Legal Action to Recover Compensation for Your Totaled vehicle
If the insurer is still not paying enough for a totaled vehicle after you have ordered an appraisal, filling a lawsuit is the best course of action to recover compensation you deserve. For filing a lawsuit for a totaled vehicle, you need an experienced lawyer by your side. A lawyer can gather evidence that shows the value of your car and fight for settlement that you deserve for your totaled vehicles. Moreover, their legal assistance throughout the case ensures that you get the best possible result.
Conclusion:
If you are involved in a car accident in which your vehicle is declared totaled. You have several options to secure a fair compensation. The guidance of an experienced car accident lawyer in Atlanta can help you navigate the situation. Reach out to an attorney as early as possible to get started on your case and increase your chances of getting a fair settlement.