When you're involved in a car accident, the insurance company may declare your car a total loss. This means that the cost of repairs exceeds the fair market value of your car. In this situation, you may feel helpless and think that you can't fight a billion-dollar insurer for the full value of your car. However, there are steps you can take to get the settlement you deserve. The first step is to send the insurer a counteroffer along with evidence that justifies the value of your car.
This evidence can come from an independent appraiser at a local workshop or garage. Make sure to get the inspection details in writing so you can submit them to your insurance company. If your negotiations with the claims adjuster are not successful, you can hire an attorney. An attorney is likely more familiar with the process and knows how to fight against the insurance company in relation to your wrecked car. They can also help alleviate some of the stress surrounding negotiations about total loss.
If all else fails, you can request arbitration or file a lawsuit against the insurance company. If you're in an accident with an underinsured or uninsured driver, you may be able to get compensation for your entire car with your uninsured motorist coverage (UIM), if you have one. You also have the option to keep the car if you want to, even if it's been declared a total loss. Insurance companies review documentation to verify its accuracy and applicability to the vehicle with total loss. In conclusion, it's possible to fight a total loss claim and get the settlement you deserve. You can do this by sending a counteroffer along with evidence that justifies the value of your car, hiring an attorney, or requesting arbitration or filing a lawsuit against the insurance company.
If you're in an accident with an underinsured or uninsured driver, you may be able to get compensation for your entire car with your uninsured motorist coverage (UIM).
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