Insurance companies are usually forgiving when it comes to totaled cars. However, there are a few things that can happen if your car is totaled. First, the insurance company may require you to take a written estimate of the damage before issuing a policy settlement. Second, the insurance company may require you to pay for the entire cost of your car’s repair or replacement. Third, the insurance company may require you to surrender any salvage rights you have to the vehicle.
If your insurer totals your vehicle, then your policy becomes null and void. This will not only affect your insurance rates but also the value of your car. So, if you have already paid for the insurance, you must be careful that you don’t end up owing more than you should.
You can avoid this situation by contacting your insurance company and asking them to clarify this issue. You can also ask them for a refund.
When an insurance company totals your car, they will usually pay you the fair market value of the car. This amount may be less than what you paid for the car, but it is important to remember that you are getting a new car in return. If you are not happy with the amount offered, you can always negotiate with the insurance company or take them to court. Finally, remember to always shop around for the best insurance policy and rates.