How to Get Paid for a Totaled Car

Whether or not a vehicle is deemed a total loss depends on both the extent of damage and the overall value of the vehicle. Without using any confusing insurance legalese, a total loss vehicle is one that cannot be repaired and operated, safely. Basically, if the cost to repair a damaged car exceeds the actual value of the car, then it is totaled, and thus, a total loss.

Now then, if this has happened to you, there is no need to worry. There are plenty of opportunities to get paid for your totaled car. Continue reading to learn the top two most promising methods of doing just that!

Totaled Car Buyers Kentucky
Louisville Junk Car Buyers 502-804-5605

Insurance

Your first option is to make a claim with your insurance carrier; that is, if the car is in fact, insured. In the case that you chalk your car up to the insurance company, you will likely receive a check for the current market value of your vehicle, minus depreciation rates and more. This will vary depending on the policy, carrier, vehicle model, and more.

An insurance adjuster will examine your car report once it is inspected by a mechanic, and determine how much your vehicle was worth before it was totaled. Of course, everyone’s insurance policies are different, so it is important to check firsthand with your carrier to learn the conditions and coverage of your policy. Collision may or may not be covered under yours.

No Insurance

For vehicles that are not insured or fully-covered under a policy, they can be sold, either privately or to a scrap yard. Local junk car buying companies are a good route to take since they pay cash on the spot and tend to haul away your car for free. Just be sure you choose a qualified and reputable business, and not one that is more the take-your-money and fly-by-the-night type.

Where to Get the Most for Junk Cars in Louisville

Call GC’s Junk Cars at 502-804-5605 if you wish to sell a junk car for cash in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! Contact us today to request a free estimate!

Louisville Junk Car Buyers 502-804-5605