Luxury Car Total Loss Claims
Totaled Car Meaning and Implications
If you have a totaled car – meaning that the cost of repairing it is at least 80% of its pre-crash market value, or that the damage is so severe that a full repair is not possible – you should be able to recover the vehicle’s actual cash value from your insurance company. You may also be eligible to receive compensation for related costs such as rental car bills or alternative transportation costs.
What’s Covered Under a Total Loss Claim?
When it comes to your exotic, rare, or otherwise luxury car, total loss is more than just an inconvenience. Our firm can help you recoup the maximum amount allowed under law, which may include one of two outcomes:
Settlement Based on Your Car’s Actual Cash Value: If your high-end car was declared a total loss due to the negligence of another party, you may be eligible to receive a settlement for the actual cash value of the vehicle. This takes into account things like the vehicle’s make, model, and year, meaning settlements for luxury and/or collectible cars tend to be higher than those for other cars.
Replacement with Another Vehicle of a Similar Kind and Quality: Your insurance company may opt to replace your vehicle instead of providing a lump settlement. A replacement vehicle must be comparable in terms of make, model, and condition, which makes this option less common for a rare or exotic car total loss claim.
Filing a Total Loss Claim
We’ll work with you every step of the way as we navigate a total loss claim for your luxury vehicle, with skilled support from attorneys, who know how to get the most money for a totaled car.
01
Get Your Documents in Order
The more documentation you can provide in support of your total car loss claim, the better. This includes purchase and/or auction receipts for your luxury vehicle as well as receipts and records related to repairs and rentals after the accident.
02
Contact Us
We’ll schedule a consultation right away to discuss your claim and evaluate the situation. If necessary, we will also conduct a thorough investigation of the incident to strengthen your claim and ensure you get fair compensation.
03
Submit Your Claim
Our attorneys will help you prepare and submit all necessary documentation for your car total loss claim and will follow up and negotiate as needed to maximize your final payout from insurance.
How to Fight an Insurance Company Totaled Car Appraisal
If you are not satisfied with your insurance company’s market value appraisal of your collectible, rare, exotic, or luxury vehicle, we’ll help you fight it. This process generally includes obtaining the insurance company’s valuation report to evaluate it for errors and enlisting the skills of a private appraiser. From there, we can negotiate with the insurance company on your behalf to make sure you receive the maximum settlement available to you.
Contact Us
SuperCarClaims.com is a division of the Gordon & Partners, P.A. law firm with over 120 employees, which has been in business for over 30 years.
We have a team of attorneys and appraisers who specialize in high-value vehicle damage claims and understand the many complexities involved in recovering your losses after damages to your rare, exotic, collectible, sports car or otherwise high-end vehicle. To get more information from our team regarding how we can help you, fill out our contact form to consult with an attorney about your possible diminished value claim. It will cost you nothing to do so, as we don’t get paid unless we WIN for you.
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