If your car is totaled in a car accident, you probably got into a serious car accident. You probably feel shaken up from the experience. Also, you might face injury. If this is the case, it’s important that you take care of your injuries as soon as possible. But, you also might feel concerned about what happens with your car. Will you get compensated for the loss? How? You can find out what to do for totaled cars in Connecticut accidents by reading on.
What Does Totaled Mean?
A car is considered “totaled” when there’s too much damage to the vehicle for it to be worth repairing it. This means that the amount of time and money that it would take to repair the car is more than the value of the vehicle. In many cases, your car goes to a mechanic after an accident. The mechanic determines the extent of the damage to the vehicle. If it’s not worth repairing the car, the mechanic will let you know.
If you still owe money for your vehicle, and the vehicle is a total loss, you need to know what’s next. The insurance company will provide you compensation for the value of that vehicle. This happens through the process of subrogation. At this time, you first have to make sure that your insurance policy will cover the cost of the vehicle. You might have difficulty getting the insurance company to cover the whole expense of the car. This might happen depending on your coverage policy. You should check with your insurance policy to see what happens next. In most cases, your insurance policy should cover the cost of the whole vehicle.
When Money is Still Owed
If money is still owed on the car, then that money must get paid back. The insurance company, in some instances, would pay the lien holder directly. This happens for them to release the title to the vehicle. If your vehicle is a total loss, a few things might happen. In many instances, the insurance company will include the lien holder as a payee on the check for your losses.
After your insurance company pays you for the loss of your vehicle, they will try to get compensation. They will get this compensation from the at fault party’s insurance company. This process is related to your personal injury claim. Your car insurance company will try to recover the damages paid to you so that they are not out of money. If the other party is at fault for the accident, they should be able to get compensation for the cost of the damage.
Call a Connecticut Accident Attorney for Wrecked Cars
If you have questions about totaled cars in Connecticut accidents, you can talk to your insurance company. You can also discuss your situation with one of our lawyers to get more information. You can contact us for a free consultation today.