Total Loss Evaluation

Never Release your car from the body shop to the Insurance Company before getting the Offer from you Insurance Company.

We can help you negotiate with your insurance for a higher payout if your car is deemed a total loss.

After your car is totaled, you might expect your insurance company to pay you what you paid for your car so that you can replace it. Unfortunately, you might find their estimate of your car’s fair market value to be very low. If that happens, you can try to negotiate for a higher payment.

Bear in mind that insurance companies are businesses, and their ultimate goal is to make a profit. They won’t raise the estimated value of your car just because you think it’s worth more. The insurance company will want to see compelling evidence. We deal with insurance companies often and can help you.

Let Orlando Auto Body Help You Negotiate with Insurance

We can help you negotiate with the insurance company to get you a fair payout for your totaled car. Many times, people are entitled to much more than what the insurance adjuster is offering. You should never accept the first offer.

It is best to reach out to the Orlando Auto Body claims representative that is assigned to your claim after getting your total loss evaluation form the insurance company. After Careful evaluation of the paperwork we will get back to you in 24 hours with our recommendations. We are familiar with the tactics insurance companies employ to devalue claims, and we do not want to see you get shortchanged. We do not want you to leave money on the table. We will help you fight for what you deserve.

total loss evaluation in progress
total loss evaluation for damaged car

What is a Total Loss?

Even if your car can be repaired, that doesn’t mean that your auto insurance company will cover it. They may decide your car isn’t worth fixing and call it a total loss. So, when do you know your car has been totaled?

Typically, an automobile is considered a total loss when the cost of repairs exceeds its value. Some states have laws defining a totaled vehicle by percentage. In Florida, a car is deemed a total loss when the cost of repairs exceeds 80% or more of its fair market value. In Arizona the Numbers can be all over the board 40% -50%-60% we rarely see 70%.

After a collision where both cars are damaged, insurance will calculate reimbursement differently. If you drive a Honda Civic worth $6,000 and it needs $5,000 worth of repairs, your car is totaled. If the other driver has a Tesla Model X worth $80,000, a repair estimate of $50,000 means that car might still be worth fixing.

If your car was damaged in a car crash, either your auto insurance or the other driver’s insurance should pay for the damage to your vehicle. Which driver’s insurance company pays for damage depends on your state laws and liability.

How much insurance actually pay for a totaled vehicle will depend largely on the policy terms. They may pay the fair market value or the replacement value. These terms might sound like they mean the same thing, but they don’t.

f the insurance company pays fair market value, they will use an evaluation method like Kelly Blue Book. This helps them calculate your car’s fair market value at the time of the accident based on your car’s make, model, age, mileage, and condition.

If the insurer pays the replacement value, they estimate the cost of buying a replacement car of similar value to your car.

Do I Have to Accept the Insurance Company’s Offer on a Totaled Vehicle?

There’s a good chance that the insurance company’s offer of payment will look low to you. Whether they pay fair market value or replacement value, their estimate could be biased. There’s every chance that your car is worth more than they offer you.

Luckily, you can negotiate for a higher amount. While it won’t be easy to convince the insurance company to pay more, it’s possible. You will need to show them evidence to prove that your car is worth more than they originally estimated. Any upgrades you made to your car could increase its value.

Show the insurer photos or receipts of upgrades such as:

  • Improved sound system
  • Add-on spoiler
  • Remote starter
  • New paint job
  • New tires
  • Recent Detail
  • Reset Oil Change or Service Work
  • Window Tint
  • New Tires
  • Extended warranty (Prorated Value)

What If I Don’t Own My Car?

There are a few things that could complicate your situation if your car has been totaled in a wreck. If you don’t actually own the car, you may not receive any compensation. You could even owe money for it. It depends on your particular case.

 – Leased Vehicle

Leasing a vehicle is a great way to drive a new car without worrying as much about depreciation. If you lease a car, you don’t own it. Leasing is a long-term rental agreement. The expectation is that you will either return the vehicle at the end of your lease or buy it. You have an obligation to make payments to the leasing company, and even if the car is totaled, you won’t be off the hook.

Any reimbursement you get for the value of the car will be used to pay off the lease and the remaining value of the car. If it is not enough to do so, you will owe the remaining balance to your leasing company.

 – Auto Loan

Not everyone can afford to purchase the car they want in cash. Most vehicle purchases involve financing. If you bought your car with an auto loan, you might not own it outright for 3-6 years. Between your auto loan’s interest rate and your car’s depreciation, you could end up upside down on your loan, meaning you owe the lender more than your car is worth. This typically happens when someone buys a brand-new car without a down payment.

It could be disastrous if your car is totaled and you owe more than its estimated value. The insurance company will not pay you more than the car is worth. You will still owe the lender any outstanding balance, and anything above the insurance payment will be out of pocket.

Lenders and auto insurance companies often push gap insurance to protect you from owing more on your car than it’s worth in case of a total loss. If you skipped the gap insurance and later realize you’re upside down on your loan, you can correct that by refinancing or making extra payments. However, there’s not much you can do about your loan after your car is totaled But we can help you get the most out of your car and or in rear instance keep it from totaling in the advent it close without forgoing safety

 Contact Us for Your Negotiation Help!

Just Know Orlando Auto Body can help you negotiate with the insurance company to get you a larger total loss settlement. You do not have to tackle this alone.