Should i negotiate total loss settlement?

This will depend on a number of factors. One of the first steps in negotiating the settlement of total losses is to determine the value of your vehicle. This will depend on numerous factors, such as the year, make and model of the vehicle, any improvement in body style, the number of miles the vehicle travels and its physical condition. Keep in mind that there is often little connection between these things and claims departments.

Major airlines settle tens of thousands of claims for total losses each year. If they can pay an average of 5 to 10% less on their claims, this represents a lot of money and, therefore, claims departments are often encouraged (explicitly or not explicitly) to fight you for every dollar. We've compiled some tips on settling total losses so you can move in the right direction with your car claim. Depending on the state in which the claim was filed and whether it is a “own” claim or a “third party” claim (see the definitions page), you may be entitled to cash compensation for the actual or inherent loss of value of your vehicle due to an accident, especially if you retain your vehicle.