How To Fight With Your Insurance Company Over a Totaled Car?

Today, we’re talking about how you can fight with your insurance company over a totaled car. Fighting with your insurer about whether or not your car is actually totaled is typically not an easy thing to do because declaring a car a total loss is determined by state laws and the insurance company’s rules. However, you can fight with your insurer over the value of your totaled car. There are six basic steps to take if you disagree with how much your insurance company says your totaled car is worth. 

The first step is to receive a settlement offer from your insurer. This letter will tell you how much they’re willing to pay for your totaled car, minus any deductible you may have. 

Next, you should gather as much evidence as you can that shows your car should be worth more. This may include sticker price details, prices for comparable vehicles, photos of the car before the accident, and receipts for any features you added. 

Third, send the evidence and your counteroffer to your insurer. If the insurance company doesn’t agree with your counteroffer, you can contact your state’s insurance regulator for help. You may need to also seek third-party arbitration if they still refuse your counteroffer.

Lastly, you can file a lawsuit if you have reason to believe your insurance company is acting in bad faith or that they are being unreasonable about your claim. All of that being said, it is important to remember that insurance companies aren’t required to pay you the original price you paid for the car, nor the cost for a replacement vehicle. I hope you enjoyed this session on everything you need to know about How To Fight With Your Insurance Company Over a Totaled Car? So always be sure to contact a professional before making any financial decisions.