Your Vehicle Is Totaled After An Accident, Now What?
You’ve just been in an accident, and after accessing the injuries you now have to deal with the insurance companies in Minnesota. The insurance company says your vehicle “Is Totaled”. Does that mean that you are getting a new car? Not likely, but only money “for” a new car. The Insurance companies don’t give the new car price, so what do you do about that?
One service that I provide to clients is pursuing insurance claims for property loss that occurred during a motor vehicle accident. I experience quite frequently lately that clients call me questioning the amount of money that an insurance company is willing to pay for a vehicle that is “totaled out”. The basic rule is fair market value, so instead of “blue book” or NADA values, insurance companies are using newspaper ads for comparable cars, which are often cheaper than other methods.
If you or your loved ones are experiencing this, and you would like some guidance on what to do, or if you have a question concerning a total vehicle loss claim in Minnesota, please call Attorney John Scott at 612-840-8961, or visit our firm’s website.
