What to Do When Your Car is Declared a Total Loss

Steps to take to manage your total loss vehicle claim.

If you've been in an accident and your car has sustained serious damages, then there's a good chance that your vehicle will be declared a total loss.  At this time, your insurer will work with you to begin the settlement process.  While this all seems very overwhelming, there are some steps that you can take to ensure that the claims process goes smoothly.  Here's what you should do to facilitate your total loss claim.

Hand Over 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.

Figure Out How Much You Will Receive for Your Settlement

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 will give you a good idea of what your insurer will value your car at and how much you will receive in your settlement.  Keep in mind that if you still owe money on your car, then the insurance settlement will be paid out to your lender first. If the amount you owe exceeds the actual value of your car, then you will be personally responsible for paying the remaining loan amount.

Finish Paperwork ASAP

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.

Take these steps to help your total loss vehicle claim proceed quickly and smoothly.  If you are looking for the right auto insurance to cover a total loss claim, then contact the experts at the Scavone Insurance Agency Center LLC in White Plains, New York today.