Best Admiralty & Maritime Lawyers in San Francisco, CA

Handling a Totaled Car: Expert Advice from Nadrich & Cohen After a car accident in California, you may face the challenge of dealing with a totaled vehicle. A car is typically considered totaled if repair costs exceed 75% of its pre-accident value. This situation can be daunting, both financially and emotionally. Your insurance settlement for a totaled car is based on its Actual Cash Value (ACV), taking into account factors like make, model, and condition. You have several options: accept the insurance payout, negotiate for a higher amount, sell the car for parts, or donate it. If you lack insurance, you'll be responsible for all costs. For those with an outstanding car loan, it’s important to know that the insurance payout goes towards the loan. If the payout is insufficient, you will need to cover the remaining balance. Adding gap insurance can be a safeguard against such situations. In California, the at-fault driver's insurance is typically responsible for covering the costs. However, navigating insurance claims can be complex. Nadrich & Cohen offer specialized legal assistance in these cases. Their expertise can help you understand your insurance policy, ensure fair compensation, and provide representation in negotiations or court. If you're dealing with a totaled car, reaching out to Nadrich & Cohen for a free case evaluation can be a crucial step in securing your financial and legal interests.