Driver Gets Over $750 More from Insurance Company After Car Accident
Driver Learns Valuable Lesson After Car Accident: Understanding Total Loss Insurance Claims
The Ascent – In early 2020, just before the pandemic began a driver experienced a car accident near their home. While driving back from the grocery store they were hit from behind by another car. Thankfully, nobody was seriously hurt but the nearly 12-year-old car sustained significant damage. After a thorough check-up the car was declared a total loss.
The driver initially thought the damage wasn’t severe enough to total the car. However, they soon learned that if the cost of fixing the car is more than what it’s worth or if it’s deemed unsafe to repair, insurance companies consider it totaled. In this case, that’s exactly what happened. The driver’s car couldn’t be fixed without spending more money than it was worth.
READ ALSO: Wall Street Is Growing More Concerned About A Return Of Inflation
Securing Car Insurance Company : A Guide to Fair Compensation ! (PHOTO: Plymouth Rock)
Driver Receives Fair Compensation After Negotiating with Insurance Company
Since the other driver was found to be at fault and had sufficient insurance coverage, their insurance company was responsible for paying the driver the actual cash value of the car. After some negotiation, the driver managed to get over $750 more than the initial offer. With this money, they planned to buy a used replacement vehicle.
READ ALSO: SNAP Benefits: West Virginia Senate Expand Work Requirements – Check Now!
