It is that time of the year which unfortunately will see the most car damage, and especially ‘total loss’, claims being filed. If the repair estimate is above 75% of insured declared value ...
If you’ve had your car totaled, insurance adjusters have made critical determinations regarding the value of your car and the cost of repairs.
So, when is a car officially considered a total loss, or totaled? Simply put, a car is considered totaled when the cost of repairs exceeds a given portion of its actual cash value (ACV ...
Instead of covering the costs of fixing the car, they declare it a total loss. This is called totaling the car, and it potentially has some big financial consequences for the vehicle's owner.
A Fulton Police patrol car caught fire at a gas station Saturday night. A release from the police department states two ...