How Much Is A Rear End Accident Worth
If you have been in an auto accident and were not injured, it may be easy to ask yourself “How much is a rear end accident worth?” An auto accident is a costly event to recover from, which is why it is imperative that you understand the full repercussions of being involved in a wreck and how to determine the true value of your vehicle. A specialist motoring insurance company will be able to help you determine the worth of your car.
Factors That Determine How Much Is A Rear End Accident Worth
The first question that you should ask yourself when considering how much is a rear end accident worth is how much damage was inflicted on your vehicle. There are many different factors that will determine the actual worth of your car and the repairs it needs. Your vehicle was almost certainly damaged in the accident, as it is almost impossible to drive away from an accident with your vehicle intact. It may seem easy to assume that the amount of damage incurred is the worth of your vehicle, but this is not true. You should also consider the fact that the vehicle was probably stolen at some point during the accident and will have to be replaced.
In addition to the above, how much is a rear end accident worth also depends on how much the car is worth. This is calculated by adding the current retail price of the car to the total amount of your deductible. Deductible is the amount you pay before the insurance company pays anything. If your car is totaled out, you will receive whatever is left over from the down payment. You will then have to pay the rest of the bill, which could take several months before you receive any compensation.
Many drivers who are involved in a rear end accident are not covered by their own vehicle insurance. Many times, the driver of the other vehicle has to purchase personal injury protection or liability insurance in order to be covered if they have to make a claim against you. This is a very good reason to purchase additional coverage for the other driver.
The best way to decide how much is a rear end accident worth is to contact a personal injury lawyer. These lawyers specialize in helping injured drivers make sure that they get the settlement they deserve from an accident. They will assess the severity of the crash and the medical care needed. They can also advise you on whether or not you are eligible for damages that were awarded in the accident.
How much is a rear end accident worth to one driver can differ drastically to another? This is why it is so important to never accept the insurance company’s word as proof. You should always have them prove their claim with proper documentation and by getting pictures of the damage. If you have any questions regarding the worth of a claim, you should consult with a lawyer right away. They will be able to better explain what you are entitled to.
Related: Motorcycle Rear Ended