Blog tagged as Total Loss

Total Loss Threshold vs. Total Loss Formula: How States Decide When a Vehicle Is “Totaled”

When a vehicle is severely damaged in an accident, one of the first questions people ask is: “Is my car a total loss?”

The answer isn’t always straightforward—and it often depends on the state you’re in.

Across the United States, insurance companies determine total losses using one of two regulatory s...

What Is the Appraisal Clause—and When Should You Use It?

When you’re involved in an auto insurance claim, one of the most frustrating moments can be when the insurance company values your vehicle far lower than you believe it’s worth. Whether it’s a total loss settlement or a diminished value dispute, disagreements over a vehicle’s actual cash value (ACV)...