How to Finance Car Repairs in Emergencies

No one expects to get into a car accident but when it happens, it can create a lot of confusion and anxiety over repairs. It’s the responsibility of the driver at fault to pay for the damage, which is usually handled by his or her insurance policy. When a driver who doesn’t have insurance causes an accident, it could open the door to a lawsuit. Regardless of whose fault it is, all individuals involved should remain calm.

A-Z Tech Automotive, a complete automotive repair center in Mission Viejo, CA shares the following tips to help you handle car repair issues in the event of an accident:

  • Repair Costs
    A driver who causes an accident is responsible for the costs for car repair, replacement of damaged personal property, rental car fees, towing and storage fees, in addition to the amount of the car’s value that was lost due to the crash. If the car was totaled, then the driver is responsible for making sure the value of the car is repaid.

    When the cost of repair is more than the value of the car then the victim is entitled to actual car value (ACV) of the vehicle prior to the accident. In the case of repair costs reaching 75 to 85 percent of the car’s value, insurance companies may consider the car totaled.

  • Settlement Offer
    The insurance company may base its settlement offer on data from one of its own divisions or partners to determine ACV, which could result in a lower payout than expected. That’s why you should do your own online research using Kelley Blue Book or Edmunds to determine if the offer is fair. Check other sites like AutoTrader and Craigslist to compare prices and estimate the ACV for your year, make and model. You should also gather information confirming the value of your car.

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