Property Damage Lawyers: Total Loss Vehicles
Has Your Car Been "Totaled"? NC Property Damage Claims
Under North Carolina insurance regulations, a vehicle is considered totaled when the damage is 75% or more of the actual cash value of the vehicle. Learning what your individual car estimate is can influence your insurance claims. This is true even if vehicle repair has already begun or been completed based upon a lower damage appraisal. A car accident lawyer cannot appraise your totaled car.
Determining the Fair Value of Your Car Estimate
The most well-known and widely-accepted national publications for determining used car fair value are the guides produced by the National Automobile Dealers Association or N.A.D.A. In this publication, you can see if your car repair estimate is 75% or higher than the value of the vehicle. N.A.D.A's car guides can help you determine the fair market value of your car by assessing its retail value against the car repair estimate.
We recommended that you do a local market search for your car's retail value before your vehicle repair as well, which you can do at a valuation site, such as Cars.com or Edmunds. A local market search should be limited to cars of the same year, model and make as your loss vehicle that are within 150 miles of your zip code. Such listings can be very helpful to counter valuation service reports paid for by insurance adjusters.
Another means of showing value to an adjuster is to obtain copies of your recent property tax bills on the vehicle. It can be a very helpful tool to use in negotiations with an adjuster since it is an official value. Many local North Carolina counties have tax value tables accessible online via their county websites.
Handling Property Damage in NC - Free Booklet
How do you begin dealing with your NC property damage claim? When is your vehicle a total loss? These and many other questions have answers - inside our complimentary informational booklet, “Frequently Asked Questions About North Carolina Automobile Accident Related Property Damage Claims.” Call 1-800-220-7321 now for your copy, or contact us right now. We’ll drop your copy into the mail right away. There is never any obligation to hire a lawyer - the call is free, the information is free.
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Once we receive your information, we will route your inquiry to our car accident injury team. Every effort will be made to contact you within one business day. You will never be obligated to hire a car accident lawyer. For immediate help call us now, toll-free, at 1-866-780-3551.
