How will your auto insurance company help you if your car is completely destroyed?

There are many things that can happen to you and your car in the event of a traffic accident. It could be that he hurt someone. It could also be that you have damaged someone else’s car and any other property in it. And it’s also quite plausible that it could cause emotional distress or trauma to the other party, as well as any other innocent bystanders.

These are the type of cases that commonly occur as a result of a car accident, and it is for this reason that auto insurance companies are often more concerned with them.

Most accidents don’t actually cause death or even serious injury, and the same can be said for the car. In most cases, your vehicle will only suffer some damage, but nothing that a short trip to the local repair shop or mechanic can’t fix. That is definitely a good thing.

Sometimes, however, a person’s vehicle isn’t just damaged or dented in an accident. It is totally and utterly destroyed. And while this doesn’t happen very often, it can be a very serious problem when it does. So for those car owners who want to know what will happen if their car blows up or goes off a cliff, listen up.

What happens next in the first place will depend on the type of coverage you have and the type of insurance company you are dealing with. If you were to get a policy that specifically addresses cases where your car is totaled, your insurance company will reimburse you based on the full value of your car at the time it was totaled in the accident.

This is usually done with Blue Book listings, minus the depreciation in value of your car over the years. The deductible comes out at that particular amount, although there may be other considerations regarding the value of your vehicle as well. Some of these may include the condition of your tires, some new gadgets you decide to add in the last few years, as well as old parts that were recently replaced. All of these different factors will be taken together to give you an estimate of the general condition of your vehicle at the time of the accident along with the amount of money you are likely to receive.

Once the total figure has been calculated, you can expect your car insurance company to reimburse you for the cost of your wrecked car. And this is how your car insurance works in relation to vehicles that are completely destroyed.