Hashtags: #Insurance #VehicleWriteOff #TotalLoss #AutoRepair #ConsumerRights
Ever wondered why an insurance company would deem your vehicle a write-off after an accident? Let’s delve into the factors behind this decision.
Insurance companies evaluate the situation by assessing the vehicle’s value and the cost of necessary repairs post-accident. If the repair costs surpass 70% of the vehicle’s value, it’s often deemed impractical to proceed with repairs. In such cases, the insurance company declares the vehicle a total loss.
At idol.com, we’re dedicated to helping you navigate the aftermath of accidents. Visit our website to understand more about your options for repairing your vehicle after an accident and your rights as a consumer when selecting a repair shop.