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Welcome to ADR-Claims, where we are committed to making your insurance claims process as smooth and fair as possible. Our mission is to ensure that you receive the equitable settlements you deserve through our expert appraisal services and unwavering dedication to integrity and professionalism.
Among the many things, a car accident in California significantly hampers your finances by damaging your car. In the majority of the cases, the amount provided by the insurance claims isn’t enough to adequately cover the cost of repairs.
An accident that might look not very damaging at first glance, can provide serious damage to the car which can be beyond repair. Not only accidents but cars can get damaged in case of water, fire, and other related conditions.
Did your car receive serious damage recently? Is your car being considered a total loss in California? Do you want to understand what are your options after this? Then you have come to the right place! Welcome to ADR-Claims.
Simply put, the total loss is a scenario wherein your car has incurred significant damages that cannot be repaired. In addition to this, the claim you received isn’t sufficient for its repair.
As per the California Vehicle Code § 544, the car can be declared as salvage or total loss when it complies with the following criteria:
In other words, California declares a vehicle has total loss when the cost of repair exceeds the original value of the car.
However, this varies from state to state, wherein some declare the car salvage when the cost of repair is 75% of the car’s value. Despite the presence of these laws in many states, the insurance company may use of different formula altogether to calculate the total loss settlement California. It is also because California doesn’t use a specific percentage to decide if a car is a total loss. Instead, they declare a car a total loss if it’s so damaged that it’s not worth fixing.
When your car has received the title of salvage or total loss, your insurance company provides you with the value of the vehicle before the accident. Additionally, you are also entitled to any extra amount that you paid before the insurance company paid you the claim amount. In the end, they obtain possession of the vehicle and get a salvage title for it.
First and foremost, you turn to the insurance company to obtain cash for the total loss and hand over the possession to them. This is one of the most common options that many people opt for. However, you have many doors open for you!
If you have sentimental value for your car and don’t want it declared a total loss or sold as scrap, you can choose to keep it and have it repaired. However, you will receive a lower payment from the insurance company because they will subtract the salvage value of the car from your payout.
When you have decided to keep the vehicle, as per the laws you should inform the DMV within 10 days of settlement. For this, you are also required to pay a minimal fee.
When a vehicle is labeled as a total loss, likely, that you have also received serious personal injuries. Dealing with both situations at one time is particularly daunting. ADR-Claims helps you manage everything effectively and supports you at every step of the way with your total loss settlement California case!