What to Do If Your Car is a Total Loss

If you’re a North Carolina driver, state laws require you to carry auto insurance. Many drivers wonder if their current auto insurance policy is the best fit for their needs. If you are near Burlington, NC, our team at Don Allred Insurance encourages you to discuss your concerns with one of our team members. We’ve been serving clients like you since 1977.

What to Do If Your Car Is a Total Loss

Being involved in an auto accident can be overwhelming. If the damage to your car is extensive, your insurance company may declare your vehicle a total loss. According to Consumer Shield, a total loss is determined when the cost to repair your car exceeds its market value. In such cases, the insurance company will pay you the pre-accident value of your vehicle, minus your collision deductible.

After your car is declared a total loss, you may wonder if you can keep it. According to the North Carolina Department of Insurance, keeping a totaled car will result in it being classified as a salvage vehicle. If you choose to keep the vehicle, the insurance company will deduct the salvage value from the payout amount. Be sure to consult your insurance agent if you’re considering keeping a salvage vehicle.

Call Us for Your Appointment Today

Driving without auto insurance is a risk you shouldn’t take. Our team at Don Allred Insurance can help you understand your insurance options. Clients in the Burlington, NC, area trust us to provide excellent support and guidance. Call us today to schedule an appointment and let us help you find the right auto insurance policy.