Accidents do happen. Cars get totaled. That comes as no surprise. What is a surprise, however, is the actual value of your car when it is totaled. Car insurance companies do not rely on the Blue Book, or even the National Association of Automobile Dealers to find these values. Most of them have their own proprietary lists. Some factors include the vehicle’s condition before the accident and its mileage.
Sometimes insurance companies will even ask local car dealers what they might charge for a replacement. There are lots of things companies do to determine the value of your totaled car — and you may not agree with the amount they decide to use.
If that happens, there are things you can do, such as show them maintenance records, get your own quotes on replacements, or even keep yourself safe by purchasing gap insurance.
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