How to Handle a Total Loss Vehicle Claim

Steps to take after your car has been declared a total loss.car with its front smashed in

If you have been in an accident and your car has been deemed a total loss, then you might not know how to proceed.  However, there are some steps that you can take to ensure that your claim and settlement process proceeds smoothly.  Here’s what you should do to facilitate the claims process.

  • Locate 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.

  • Determine How Much Your Car is Worth

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 research should give you a good idea of what your insurer will value your car at.

  • Find Out How Much You Owe on The Car

If you have a loan out on the vehicle, then check to see how much you still owe.  This will help you prepare in the event that your loan amount is higher than your car’s current value.  If your loan exceeds your car’s value, then your insurance settlement will go to your lender, and you will be responsible for paying the remaining loan amount on your own.

  • Complete Paperwork Promptly

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.

This is what you can do to assist with your total loss vehicle claim.  Do you have more questions about your auto insurance and car accidents?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your car coverage needs today.