04 Apr 2019
car with front smashed in

Here’s how you can speed along your total loss claim.

After you’ve been in an accident, the last thing you want to hear is that your car has been declared a total loss.  Unfortunately, this situation does happen frequently, so you need to know what to do if it ever happens to you.  Here are some of the steps that you should take during a total loss vehicle claim.

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.

Find Out 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.

Determine 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.

Taking these steps will help you with your total loss vehicle claim.  To be ready for a total loss claim, you need to have the right auto insurance in place.  To secure the car coverage that you need, contact the experts at Patterson & Associates in Richardson, Texas for assistance today.