Total Loss Service
When Do You Need Total Loss Service?
Total loss service in Salisbury, NC, can help you confirm whether or not the insurance company’s offer is fair and is based on the actual market value for your vehicle.
A car can be considered a total loss if the original estimate or the cost of the repairs reaches or exceeds 75% of the pre-accident actual cash value. Auto insurers have also been known to consider a total loss when the estimate for repairs is at 50% to 65%. This is because there can be a lot of unknown costs of repairs that will drive up the total cost.
Knowing the true value of your car can help you negotiate with the insurance company and this is why you may need total loss service. Knowing the full value of your car can give you more room to negotiate with the insurance company should you feel like you aren’t getting the number you believe the car is worth.