What Is a Total Loss Car Accident? 

total loss

When a vehicle has been in an accident so severe that the car is considered totaled, it will classify as a total loss car accident. This means the cash value of the car is much less than what the repairs will be to fix it. After reviewing the damages, the assessment will reveal that the car is not worth fixing and it will be more beneficial to settle for a payout. This can be a positive outcome because that cash payout can be put toward a down payment on a newer vehicle. A total car loss can be caused as a result of a collision with another car or object. Another instance could be an event that caused great damage related to weather such as a hailstorm or hurricane. 

What Happens if the Vehicle Is Deemed a Total Loss?

A mechanic at a body shop will evaluate the cost of repairs the vehicle will need. They will utilize various resources such as Kelley Blue Book and National Automobile Dealers Association (NADA) to review details about the vehicle such as make, model, year, condition, milage, accident history, and values for trade-in worth.

After an insurance claim is filed following a car accident, an adjuster will inspect the vehicle. This inspection will evaluate and assess the damages to determine the cost of repairs. If the car is deemed a total loss, it means the process of evaluating the cash value and determining a payout will begin.

What Should You Do When Presented with a Cash Payout Offer?

After your vehicle is determined to be a total loss, a cash payout offer will be presented to you. On receiving this offer, it is important to decide if you are getting a fair amount for your vehicle and if you are happy with the total settlement presented to you. If you are not satisfied with the amount offered, this is something to discuss with your lawyer to determine how to address the situation and what steps to take next. Another thing to consider is any additional parts or accessories that you have added to your vehicle. In some cases, it may be valuable to include the receipts from those modifications to increase the estimated value of the vehicle. If you are not happy with the amount awarded, you can refuse it and ask for a renegotiation. 

Washington DC Car Accident Lawyers at the Law Offices of Duane O. King Help Drivers Involved in Total Loss Accidents

A total loss car accident can be very stressful and leaves the driver with many questions and concerns. Those affected by a total loss accident are encouraged to reach out to the experienced Washington DC car accident lawyers at the Law Offices of Duane O. King. Our team will investigate the cause of your accident, keep you informed, and fight to get the compensation for which you are entitled. Call us today at 202-331-1963 or contact us online for a free consultation. Located in Washington, DC, we work with car accident victims in Prince George’s County, including Laurel, Beltsville, Adelphi, College Park, Greenbelt, Mitchellville, Woodmore, Greater Upper Marlboro, Springdale, Largo, Bowie, Capitol Heights, District Heights, Forestville, Suitland, and Seat Pleasant, Clinton, Oxon Hill, Temple Hills, and Fort Washington.