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Car Accident

Frequently Asked Questions

What is fair compensation for my vehicle?

Property Damage Estimates

After a motor vehicle accident, (automobile or motorcycle), you will need to obtain an estimate for the damages to your motor vehicle. You have to be certain that the repair shop looks at both the outside body and the undercarriage of the vehicle for damage, because you more than likely have damages to both areas.
You should visit two (2) different body shops in order to get an estimate. The first body shop should be one that is recommended by the insurance company and the second shop should be independent. Doing this will give you the clearest and most neutral estimate for your damages.

Total Loss

A vehicle is declared a total loss if the costs of your repairs are greater than the Fair Market Value of the vehicle. The Fair Market Value is the amount of money that your vehicle is worth, if it were undamaged and sold on the current market.

For more information on the Fair Market Value of your vehicle, please visit the National Automobile Dealers Association NADA Guides web site at http://www.nadaguides.com where you can calculate the value of your vehicle by selecting your vehicle type, model year, and options.

More Car Accident FAQ's:

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