Apr 25 aftermath of a car accident

What to Do When Dealing with a Total Loss Vehicle Claim

Take these steps to speed up your total loss claim.

If you’ve been in a bad car accident, then there’s a good chance that your car may be declared a total loss.  While this declaration is scary and confusing, there are some things that you can do to facilitate the claims process.  Here are some of the steps that you should take to help your claim proceed smoothly.

  • Hand Over Your Car Title

Your car title is needed to process a total loss claim, so it’s important that you know where this document is.  If you cannot find your title, then file for a lost title at the DMV as soon as possible so you can officially begin the claims process.

  • Figure Out How Much You Will Receive for Your Settlement

Do some research to get a general idea of how much your car is currently worth.  Use resources like Kelly Blue Book to see what they value your make and model at.  You should also look at similar vehicle listings in your area.  This will give you a good idea of what your insurer will value your car at and how much you will receive in your settlement.  Keep in mind that if you still owe money on your car, then the insurance settlement will be paid out to your lender first. If the amount you owe exceeds the actual value of your car, then you will be personally responsible for paying the remaining loan amount.

  • Finish Paperwork ASAP

Total loss claims require a lot of paperwork.  For instance, you and your insurer will have to come to a written agreement on the value of your car.  You will also have to sign ownership of the vehicle over to your insurer so they can process your claim and pay the settlement to you or your lender.  Prompt completion of this paperwork will help you put the ordeal behind you as soon as possible.

Taking these steps will help you with your total loss vehicle claim.  Are you looking for the right auto insurance to protect you in the event of a total loss incident?  If so, then contact the experts at Weeks & Associates Insurance Services in Thousand Oaks, California.  Our dedicated team is eager to assist you with all your car coverage needs today.

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