Total Loss Claim Houston Car Accident Lawyer

 

Claiming a “Total Loss” – Houston Car Accident Lawyer

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

When is a car considered a total loss after an auto accident?

You may think that only cars that are severely damaged as a result of a car accident are considered a total loss. This may or may not be true. If the cost of repairing a damaged car surpasses its current market value, it is considered a total loss.

Calculating a “Total Loss”
When you report a car accident to your insurance company, they will send an insurance adjuster to inspect the damages to the car and make an estimate of the cost of repairs. The adjuster will verify the details of the accident, looking for any discrepancies in your claim. For example, the adjuster may find that some of the damages are not from the current accident. The insurer will calculate the ratio between the cost of repairing the car and the current value of the car. For determining the current value of the car, insurance companies usually depend on vehicle valuation books, such as Kelley Blue Book and Auto Trader.

In general, a vehicle is considered a total loss when the cost of repairs is more than the current value of the car. Even if repair costs are up to 30 percent less than the actual value of the car, it may still be considered as a total loss.

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

What About Your Car Loan?
You are entitled to compensation for the total loss of your car from an accident. (What your insurance company does not want you to know.) If the amount you receive from your insurance company is higher than the amount you owe to your car loan company, then there will be additional funds left after paying the balance due. However, if the amount you get from your insurance company is lower than the amount you owe, you are still required to repay the total loan amount. If you have purchased a gap insurance policy, the insurance will pay the difference between your total loan amount and the amount you receive from the insurance company on account of a total loss.

Without legal advice, you may inadvertently accept a settlement that is too small in value to adequately compensate you for the accident. Speak to a Houston car accident attorney to understand the rights you may not even realize that you have concerning the accident.

Contact a Houston Car Accident Lawyer Today
You should discuss your situation with Big Rig Bull Texas truck accident lawyer Reshard Alexander today if you feel your insurance carrier is being unfair or unreasonable. You may be entitled to additional compensation beyond what is outlined in your policy.

Legal Help
If you have been involved in a car accident in the state of Texas due to the negligence of another driver, you will benefit from discussing your case with a qualified Texas Car Accident Lawyer.

To speak with Houston car accident lawyer Reshard Alexander call me today. I can evaluate your case for free and help you determine what the best course of action will be moving forward.

Total Loss Claim Houston Car Accident Lawyer

Seeking a Free Consultation with one of Texas’ Houston Car Accident Lawyers? Call the Houston Car Accident Lawyer Reshard Alexander today at 713.766.3322.

It is advisable to consult Houston truck accident attorney Reshard Alexander who will help determine liability and the right compensation amount that you should get for your injuries. The insurance company of the at-fault driver may not be willing to pay for damages and I can help you with the negotiation process. Call Attorney Reshard Alexander today for a free consultation.

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Attorney Reshard AlexanderBig Rig Bull Texas Truck Accident Lawyer represents clients in all Texas counties, including: Harris County, Montgomery County, Fort Bend County, Brazoria County, Galveston County, Chambers County, Liberty County, Jefferson County, Grimes County, and Waller County; and all Texas cities, including: Houston, Aldine, Algoa, Alief, Alvin, Anahuac, Angleton, Atascocita, Bay City, Bayou Vista, Baytown, Bellaire, Brazoria, Brenham, Brookshire, Bryan, Cedar Creek, Waller County, Channelview, China TX, Clear Lake City, Cleveland TX, Clute, Columbus, College Station, Conroe, Crosby, Cypress, Dayton, Deer Park, Dickinson, Eagle Lake, East Bernard, Edna, El Campo, Elmgrove, Flatonia, Freeport, Fresno, Friendswood, Fulshear, Galena Park, Galveston, Ganada, Garden Villas, Hardin, Hempstead, Hillcrest, Hitchcock, Houston, Humble, Huntsville, Inez, Jacinto City, Jamaica Beach, Jersey Village, Katy, Kemah, Kingwood, La Marque, La Porte, La Salle, Lake Jackson, League City, Liberty TX, Liverpool, Livingston, Long Point, Louise, Longpoint, Lufkin, Magnolia, Meadows Place, Missouri City, Montgomery, Morgans Point, Moss Hill, Mount Belvieu, Nacogdoches, Navasota, Nassau Bay, Needville, Pasadena TX, Pasdena, Pearland, Port Bolivar, Porter, Prairie View, Richmond, Rosenberg, Rosharon, San Leon, Seabrook, Schulenburg, Sealy, Shenandoah, Shoreacres, Southside Place, Spring, Spring Branch Stafford, Sugar Land, Sunny Side, Texas City, The Woodlands, Todd Mission, Tomball, Waller, Webster, West Columbia, Wharton, Willis, Winnie, and Woodlands.