๐๐ฅ Is Your Car a Total Loss? Hereโs How Insurance Companies Decide ๐ฅ๐
If repair costs get close to โ or exceed โ your carโs value, your insurer might call it a total loss. Hereโs what that really means.
After an accident, your insurance company may decide your vehicle is a total loss โ but what does that actually involve? In this video, we explain how and when insurers make that decision, including:
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What โtotal lossโ means in car insurance terms
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How repair costs compare to your carโs actual cash value (ACV)
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State laws and insurer guidelines that affect the decision
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What happens next if your car is declared a total loss
Whether youโve been in a recent accident or just want to be prepared, this guide will help you understand the process so you can make informed decisions.
๐ Need car insurance advice? Contact Ameriguard Insurance for a personalized review: https://www.ameriguardinsurance.com
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