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  2. How to negotiate with a car insurance company after a total loss

    www.aol.com/finance/negotiate-car-insurance...

    In a typical total loss settlement, you are paid for the value of the vehicle, which means the car becomes the legal property of the insurance company. But in some cases, it could take very little ...

  3. Total loss - Wikipedia

    en.wikipedia.org/wiki/Total_loss

    Once a vehicle has been written off and repaired the vehicle may still lose value. Diminished value is the reduction in a vehicle's market value occurring after a vehicle is wrecked and repaired, otherwise called accelerated depreciation. To collect diminished value after a car accident, insurance companies usually ask for a diminished value ...

  4. What is full-coverage car insurance? - AOL

    www.aol.com/finance/full-coverage-car-insurance...

    If your car is totaled, here’s what you might expect: ... Maximum insurance payout 🟰[car's value] [deductible] $2,500 🟰 $3,000 $500. Cost of insurance over 3 years 🟰[annual premium cost ...

  5. What is the actual cash value of my car? - AOL

    www.aol.com/finance/actual-cash-value-car...

    Insurance companies define a car as totaled when expenses to repair the vehicle exceed the car’s value. Many insurance companies will reimburse you for your vehicle’s ACV in this case, which ...

  6. Guaranteed asset protection insurance - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_asset...

    Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay), and what the borrower owes on the loan if the car is totaled or stolen.

  7. Salvage title - Wikipedia

    en.wikipedia.org/wiki/Salvage_title

    In Oregon, vehicles are determined to be Salvage title meet the 70% total loss value as state previously, as well as when a vehicle is abandoned and worth less than $500. [ 7 ] Upon paying the claim, the insurer may offer to return the vehicle to the owner as an insurance buy-back, in which case the owner is responsible for having the repairs ...

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