WebWhat happens if you keep your totaled car. If you keep your car after the actual cash value, sales tax and applicable prorated taxes and fees are added together, the insurer deducts the salvage value from the total amount of the settlement. The insurer must report your totaled auto to the Washington state Department of Licensing (www.dol.wa.gov ... WebOnce you’ve gotten these values, sum them up and divide their total in half. The value you’re left with is your car’s ACV. Let’s say you found the retail value to be $12,000 and the dealer purchase value to be $8,000. You’ll add them up to give you $20,000. Dividing this value in half will give you $10,000.

How Does the Insurance Company Determine the Value of a …

WebWhat exactly does "total loss" mean? A vehicle is a total loss (or totaled) if any of the following apply: The vehicle cannot be safely repaired. Repairs would cost more than the … Web1. Call the police. If you get into a car accident, whether the other person has insurance or not, it’s always a good idea to call the police. But if you’re dealing with an uninsured driver, calling the police is even more important, since their report will help get your expenses covered and make the claims process smoother. 2. how post youtube video on instagram

Understanding your auto claim - Missouri

WebJun 23, 2016 · 1 Answer. Sorted by: 3. You have the right to refuse the insurance company's offer and keep your car, but that would be self-defeating. You can keep the car at the … WebFor example, let's say you spin out and hit a stop sign. Your car is totaled. The insurance company says your car's ACV is $8,000, but you still owe $10,000 on your loan. The … merlin and mithian fanfiction