Contrary to popular belief, totaling your vehicle does not imply that it is in total disrepair. While most people imagine what a totaled vehicle looks like, they are shocked to learn that indeed minor fender-benders can be considered totaled for insurance reasons. Nevertheless, as with most procedures handled by insurance firms, it is not simple and often complicated. It's critical to understand the next steps after totaling your car in order to obtain full coverage, as well as what form of insurance policy is needed.
Let's take a look at Connecticut state laws and see if you can be fairly compensated if your vehicle is wrecked as a result of someone else's negligence.
Auto Insurance Types
Connecticut is an “at-fault” car accident state, which implies that the individual who is at fault for causing the accident is responsible for the financial compensation for injuries and damages. As a result, even though you are struck by a driver who is uninsured or underinsured, you can expect to be paid for your losses.
To drive legally in Connecticut, as in most states, you must maintain an auto insurance policy on a continuous basis. There are two distinct forms of auto insurance. Liability insurance, which covers bodily injury liability, protects at-fault drivers from lawsuits made by others.
Property damage insurance, which provides collision and comprehensive coverage, is the other form of insurance. The damage to your property caused as a result of your car colliding with another vehicle pays for a collision coverage which is not required by law.
Connecticut laws states that:
$25,000 in bodily injury liability coverage per individual per collision
$50,000 in bodily injury insurance compensation per crash
$25,000 in property damage liability coverage per crash
Is a totaled car covered by liability insurance?
The quick answer is yes; in Connecticut, damage to property liability insurance can cover a totaled vehicle. The word "totaled" or "absolute loss" differs by state. Insurance firms in Connecticut determine if a car is totaled by applying a "total loss threshold" formula, which states that if the amount of the cost of repairs plus the salvage value of the car exceeds the car's actual cash value, then the car is assumed a total loss. Insurance firms calculate the vehicle's actual cash value, which is based on a variety of factors like age, wear and tear mileage, and other factors.
What to Do If Your Car Is Totaled in Connecticut?
It appears to be a simple scenario: your vehicle was totaled in a car accident that was not your fault. As a result, it seems that you should be compensated by the at-fault party's insurance policy. When dealing with insurance providers, however, some things are ever as straightforward as they seem. This is why we highly advise our clients to work with an experienced personal injury lawyer to ensure that they get the payment you deserve.
Step 1: Check for injuries for yourself and for all those involved. If anyone seems to be hurt, do not move them.
Step 2: To obtain compensation, you must file a lawsuit against the other at-fault party's property damage liability insurance.
Step 3: Hire a personal injury lawyer to look over your case to make sure you're getting a decent price for your car. If you can show that the settlement sum given by the insurance provider is unreasonable, you can contest it.
Step 4: Gather all of your car's paperwork to show the insurance adjuster how much it's worth. For instance, if you just put new tires on your car but didn't keep track of them, you may not be able to get the full amount you're due from the at-fault party's insurance policy.
Step 5: The insurance provider considers your vehicle a total loss and gives you a payout, after which they will title it as salvage. After that, you won't be able to drive the car, and the DMV will cancel your registration. If you want to keep the vehicle, however, the salvage value would be deducted from the total loss payout.
Step 6: You should accept the offer or seek a settlement for your totaled vehicle. If you find that the value of your car is not fairly showcased in your settlement, your personal injury lawyer may reject your settlement and negotiate a fair payment.
If your vehicle is totaled in car accident, contact the Personal Injury Attorney in New Haven, Connecticut