Vehicle Insurance Claim Los Angeles California CA
Filed under: Auto Insurance Quotes, Auto Insurance Tips, Insurance Quotes
Reader’s Question:
A vehicle was considered a total loss by an insurance carrier. The vehicle has a new owner and different insurance carrier. The vehicle was in an accident and it was someone else’s fault. Can the vehicle be considered a total loss again by the different insurance carrier in Los Angeles CA?
Tom
Los Angeles, CA
Yes, a vehicle can be found to be a total loss more than once. If the vehicle was repaired and found to be roadworthy and was permitted back on the roadway by the state’s Department of Motor Vehicles and then was in another crash where the repairs cost more than the value of the car it would be found to be a total loss.
To know how much a vehicle would be worth as a salvage car that was in a second total loss accident, you could contact Los Angeles dealerships to see what they would estimate the value of the car to be.
A car that has a salvage title generally can be worth thousands of dollars less than a car that does not have a salvage title. According to automobile and insurance industry sources the decrease in value of a car that has a rebuilt or salvage title is typically between 20 up to 50 percent depending on the type of car and its age. So any settlement for a vehicle already totaled out once will show this diminished value.