When the unfortunate happens, and your car is declared a total loss after an accident, collision coverage generally will reimburse you for the car’s value. However, it’s not just the car that the coverage may pay for. Here’s what auto insurance collision coverage will typically reimburse if your vehicle is totaled.<\/p>\n
A vehicle is normally declared a total loss when the cost of repairs exceeds its current value. In such cases, collision coverage steps in to cover the vehicle’s fair market value at the time of the accident. This ensures that you are compensated for your vehicle’s value before it was damaged.<\/p>\n
Importantly, you’ll only be reimbursed if you have collision coverage. This is the protection that applies if your vehicle is totaled in an accident. At Rich Insurance Agency LLC, we can help you choose coverages.<\/p>\n
Exactly what you’re reimbursed will be determined by your policy’s terms. In most cases, you can expect to receive compensation for:<\/p>\n
Your deductible will be subtracted from the total amount paid.<\/p>\n
It’s important to understand your car insurance policy. If you have questions and are in Kansas City, MO, contact us at Rich Insurance Agency LLC for help reviewing a policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
When the unfortunate happens, and your car is declared a total loss after an accident, collision coverage generally will reimburse you for the car’s value. However, it’s not just the car that the coverage may pay for. Here’s what auto insurance collision coverage will typically reimburse if your vehicle is totaled. Understanding Total Loss A […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[8,6,5],"class_list":["post-50","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-auto-insurance","tag-kansas-city-mo","tag-rich-insurance-agency-llc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t